NEW DELHI: Home-grown engine and pump manufacturer Kirloskar Oil Engines (KOEL) on Thursday said it is investing Rs 100 crore on developing smart farm technology solutions for small and marginal farmers .
For this, KOEL has designed and developed the ‘Mega T’ Power Tiller after studying the farming requirements.
Kirloskar addresses this need of small farmers by its complete range of KMW products viz. Mega T 15, Mega T 12, Min T 5, Min T 8, etc.
Antony Cherukara, VP — Corporate Strategy & Business Head Agriculture, said: “The KMW products by Kirloskar is focused on transforming and enriching farmers’ lives through innovative technology, products and delivery.”
“Today, success in farming is about smart investment, farm yield can only be increased through mechanization which should be affordable and should create ownership, and this is why we at Kirloskar are there. I urge the farmers, especially small and marginal, to make full usage of this Smart Machine to increase farm productivity.”
“Kirloskar has always been with the farmers and with investments of over Rs 100 crore, our aim is to ultimately benefit each and every farmer in India in the long run.”
Nearly 57.8 per cent of India’s rural households are engaged in agriculture. Around 60-70 per cent
of the Indian population (directly or indirectly) depends upon the agriculture sector and currently it contributes to 17-18 per cent of GDP.
Of them, over 69 per cent possess or work on marginal land holdings, and 17.1 per cent, on small landholdings.
These farmers have been facing some major constraints and obstacles related to procuring technological support, rise in fixed costs associated with agricultural equipment such as tractors and submersible pumps, hiring of agricultural labourers which has become expensive, etc.
RR Deshpande, joint managing director, expressed his satisfaction and said that, “Continuous and proactive planning and strategic measures have made KOEL one of the biggest and most sought after engineering solution providers globally. The introduction of the entire KMW range of the Power Tiller & power weeder shows our commitment to the farmers and our support to the government’s Make in India initiative.”
“The overwhelming acceptance of our products and services particularly amongst the farmers in all the regions reinforces our belief that we are on the right track of our Vision in the larger perspective.”