EID Parry, Case New Holland sign MoU
EID Parry (India), part of the USD 3.8 bn Murugappa Group, today entered into a MoU with agriculture and construction equipment manufacturer Case New Holland for providing mechanised harvesters to the farming community.
EID Parry (India), part of the USD 3.8 billion Murugappa Group, today entered into a MoU with agriculture and construction equipment manufacturer Case New Holland for providing mechanised harvesters to the farming community.
The association would help reduce the time taken in crushing of sugarcane thereby increasing productivity and efficiency, EID Parry (India) Managing Director Ravindra S Singhvi told reporters today.
The company would procure the equipment and supply to farmers at a subsidised rate in the operational costs.
"Normally during the season time, farmers spend about Rs 300 to Rs 600 per tonne on the operations..but we are offering them at Rs 360 per tonne.We are not making any money out of it..", Singhvi said.
He said the company was having one harvesting equipment in January 2011 and gradually increased to 14 units.
"We are planning to add another six by March 2012.. In the next two to three years, we will make investments of Rs 100 crore (to increase the harvesters)..",he said.
He said they are planning to cover 15,000 farmers under this initiative by March 2012. "In the next two to three years, our target is to cover 40 per cent of farmers", he said.
Stating that through this association they would be able to bring the value chain to the farming community, New Holland Fiat (India) Managing Director Rakesh Malhotra said mechanisation was happening in the farming community in the country.
"India is facing mechanisation. We want to bring the value chain..", he said.
He said the company would supply sugarcane harvestors with a capacity of 50 HP to EID Parry as part of the agreement. A small capacity harvesting machine was priced between Rs 80 lakh to one crore while bigger capacity at Rs 1.40 crore to Rs 1.50 crore, he said.