Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
12 December, 2017 04:25 IST
Mahindra collaborates with Dewulf Group
Source: IRIS | 14 Nov, 2017, 01.37PM
Comments  |  Post Comment

Mahindra & Mahindra (M&M), part of the USD 19 billion Mahindra Group, headquartered in Mumbai, India, today announced a licencing agreement with the Dewulf group for manufacture and marketing of potato planting equipment in India. Under the aegis of this agreement, Mahindra will work with the Dewulf Group to bring its potato planting technology to the Indian market.

Potato is the world's fourth largest food crop, with India being the second largest producer. Each year, over 2 million hectares of potato is planted in India, yielding a production of about 40 million tonnes. With the ever increasing focus towards processing of potato, the demand for quality potatoes is expected to go up. This will require Indian farmers to use better machinery for potato planting. The potato planter, co-branded, Mahindra and Dewulf, will enable the Indian potato farmer to perform even and precise planting, thereby leading to higher yield, reduction in cost and improved quality of output. All this will lead to greater farm productivity and subsequently, higher income for the farmer.

Rajesh Jejurikar, President, Farm Equipment Sector, Mahindra & Mahindra, said, ''We are delighted to announce a partnership with the Dewulf Group, a Belgium based world class manufacturer of agricultural machinery. Our licensing agreement with the Dewulf Group will allow us to bring the latest planting technology to potato farmers in India.''

Shares of the company gained Rs 61.95, or 4.55%, to trade at Rs 1,423.45. The total volume of shares traded was 30,877 at the BSE (1.22 p.m., Tuesday).



Mahindra & Mahindra Limited   (Q,N,C,F)*

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Sector
Tata Motors to increase prices of passenger vehicles by 25K - 11-Dec-2017 13:30
Parag Milk Foods joins hands with Taj Group - 11-Dec-2017 13:25
Suven Life Sciences secures product patents in India & USA - 11-Dec-2017 11:08
Alembic Pharma's arm gets fast track designation for RP6530 - 11-Dec-2017 11:05
Sadbhav Infrastructure signs contract worth Rs 1.50 bn - 11-Dec-2017 10:57
IL&FS Engineering bags order worth Rs 2.15 bn - 11-Dec-2017 10:33
Raminfo bags contract from Rajcom Info Services - 11-Dec-2017 10:25
Glenmark Pharma starts trial of investigational immuno-oncology agent GBR 1342 - 08-Dec-2017 10:45
TVS Motor acquires 14.78% stake in Ultraviolette Automotive - 08-Dec-2017 10:18
Emami to acquire 30% stake in Helios Lifestyle - 08-Dec-2017 10:04
Cyient enters into global alliance with EA Tech - 07-Dec-2017 15:35
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer