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Farm mechanization

Fiinews by Fiinews
August 2, 2016
in Projects
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Farm mechanization

swaraj

Tractor market to grow to US$8.05 billion by 2020, says Technavio.

India’s farm mechanization market is expected to grow at a CAGR of more than 7% during 2016-2020, according to a forecast by London-based consultancy Technavio.

India’s tractor market will grow to USD8.05 billion by 2020 with increasing mechanization of farm work and low availability of manual labour.

Among others, it has forecast 14.99% growth for combine harvesters, used for reaping, winnowing, and threshing. fii-news.com

Tags: Swaraj.Technavio
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Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

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