May 7, 2017
The goal of the
AMD retail selling project is to develop the nation’s crop production with
agricultural mechanisation.
At the signing
ceremony, U Soe Hlaing, director general of AMD, commented, “The delivery of
600 tractors will take us another step forward in Myanmar’s wide-reaching
agricultural modernisation program. This project will play an essential part in
improving our country’s crop quality, crop yields, and food security.” CNH
industrial business director for agriculture, South East Asia, Pakistan and
Japan Emre Karazli commented, “New Holland Agriculture shares the Myanmar
government’s commitment to promoting agricultural mechanisation and we are very
proud to be part of this initiative.
The tractors we
are supplying, from our plants in India and Turkey, will be a big help in
modernising and upgrading farming practices.” New Holland worked together with
Yangon-based CPCL, its authorised Myanmar distributor since 2012, which is a
wholly-owned subsidiary of Yoma Strategic Holdings Ltd., to supply AMD with a
total of 600 tractor units.
The total number
of machines to be delivered under this program will include 500 units of 75-hp
TT75 tractors made in India and 100 units of 90-hp TD90 tractors made in
Turkey.
New Holland Agriculture
will also provide training in the operation and maintenance of the vehicles to
ensure that investment in the new machinery delivers the highest possible
returns.
The Myanmar
Government has made it more affordable for farmers to invest in new tractors by
creating an instalment payment scheme for their purchases. For the AMD program,
Yoma Bank offers farmers a financing option based on a 10 per cent down payment
with the balance payable at six monthly intervals over three years. Before this
program was introduced, farmers who traditionally ploughed and harvested their
land using traditional farming methods found it difficult to access
mechanisation; this program will stimulate the process.
The agriculture
sector is the backbone of the Myanmar economy, contributing 38 per cent of
gross domestic product, accounting for 25 to 30 per cent of total export
earnings. Key government agricultural policies are to encourage transformation
from conventional to mechanised agriculture, to assist in lowering production
costs, increasing high-quality crop production.
Ref; The Global
New Light of Myanmar
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