ACMA Drives Localisation Initiatives With 3rd Farm Equipment & Implements Expo

Abhijeet Singh
22 May 2024
01:31 PM
1 Min Read

The expo provided an invaluable platform for attending companies to explore new partnerships and opportunities within the agricultural sector.

ACMA Drives Localisation Initiatives With 3rd Farm Equipment & Implements Expo mobility outlook

The Automotive Component Manufacturers Association of India (ACMA) hosted the 3rd edition of the ACMA Farm Equipment & Implements Localisation Expo on May 21, 2024, in Ludhiana. This event attracted over 60 prominent exhibitors and drew considerable attention from dedicated B2B participants and industry stakeholders, fostering engagement and showcasing the latest innovations in farm equipment and implements.

The event was inaugurated by Dr A S Mittal, President of TMA and Vice Chairman of Sonalika Group. It underscored the crucial role of localisation in the Indian agricultural industry, featuring a diverse array of products from leading auto components and implement manufacturers across the country. Companies such as Subros Limited, JK Fenner, Tata Autocomp Systems Ltd, and Steelbird International showcased cutting-edge technologies aimed at enhancing agricultural productivity and sustainability.

Vinnie Mehta, Director General of ACMA, stated 'The Indian farm machinery sector, valued at USD 16.73 billion in 2024, is projected to reach USD 25.15 billion by 2029. By championing localisation and leveraging government schemes, we aim to significantly reduce our dependence on imports and enhance our export competitiveness. In the upcoming editions of the Expo, the Auto Component Manufacturers Association and The Tractor and Mechanisation Association (TMA), in partnership, would like to have a strong presence of international Agri-OEMs as business visitors in the show. This will be a step towards promoting the capabilities of our domestic industry for exports.”

The event was attended by business visitors from major OEMs such as Mahindra Farm, Mahindra & Mahindra, Sonalika, and MRF India, among others.

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