Banks not keen to finance farm supplementary machines: LEMKEN

Indian Banks are not ready to finance certain agri-supplementary machines despite the government push for mechanisation of farms, German farm equipment maker LEMKEN said today. Despite various hurdels, the company aims to double its sales to 1,000 units in India this year.

LEMKEN India, The wholly-owned subsidiary of the world largest pre-harvest equipment manufacturer LEMKEN GmbH, sells reversible ploughs that are attached to tractors. It plans to launch new products by end of this year