Italy–India Cooperation has a great Potential in the Agricultural Machinery Sector
The sector, which was worth 13.7 billion dollars in 2023, is expected to exceed 30 billion within the next decade. Italian industry is well positioned to take advantage of this positive trend, offering not only tractors but also a wide range of operating machines and equipment for all types of agricultural operations.
The development of India’s agricultural economy and the growing demand for technology offer strong prospects for cooperation with Italian manufacturers.
EIMA Agrimach India - the exhibition dedicated to agricultural mechanization currently taking place in New Delhi was launched in 2009 as a joint initiative between the Federation of Indian Chambers of Commerce and Industry (FICCI) and the Italian Agricultural Machinery Manufacturers Federation (FederUnacoma).
Its purpose is to present new agricultural technologies to Indian operators and to analyze the evolution of demand across the Subcontinent.
According to data from the Italian Trade Agency (ICE), this cooperation has already led to the establishment of Italian production facilities in several Indian regions, as well as the expansion of commercial activities. However, the potential for growth in Italy–India cooperation remains immense.
ICE reports that the sector, which had a total value of 13.7 billion dollars at the end of 2023, is expected to grow significantly over the coming years, reaching 31.6 billion dollars by 2033, with an average annual growth rate of around 9%. This market growth is largely driven by the diversification of machinery types being demanded - not only tractors (which currently account for 86% of the total market), but also a wide range of operating machines and equipment.
According to forecasts by FederUnacoma/ExportPlanning - as highlighted by FederUnacoma’s General Director Simona Rapastella - both imports and exports are expected to grow considerably.
Imports from India to Italy are projected to increase by an average of 8% per year, while Italian exports to India are expected to rise from the current 26.4 million euros (representing a 3.6% share of the Indian market) to over 38 million euros by 2028, reaching a local market share of more than 4%.
The latest FederUnacoma press releases
EIMA Agrimach, focus on training
Indian agriculture is undergoing modernization. The transformation of the primary sector is increasing the demand for highly specialized professionals, but the training gap within the workforce could prevent the agricultural sector from fully seizing the opportunities offered by the technological transition.
India: Agricultural Innovation Driven by Start-Ups
In recent years, the Indian Subcontinent has seen the rise of a new generation of start-ups founded with the goal of promoting the use of innovative technologies and machinery among those farms that have so far remained on the margins of mechanization. Italy’s experience in this field and the new-generation systems that can be exported to Indian agriculture.
Agrimach India, a Gateway to Southeast Asia
As part of the agricultural machinery exhibition currently underway in New Delhi, ICE and FederUnacoma have promoted a series of business-to-business meetings. A winning formula that characterizes all events under the EIMA brand.
A “System-Level” Strategy for Italian–Indian Cooperation
The Italian government’s Action Plan for exports to non-EU foreign markets, together with the financial and insurance tools offered by Sace and Simest, as well as the ICE structure, provide key support for relaunched bilateral relations.
Italian Agricultural Machinery Manufacturers Federation
Digital System and technologies for Agricultural Machinery and Farming
Irrigation Systems
Italian Implements Manufacturers Association
Italian Self-Propelled Machinery Manufacturers Association
Italian Tractors Manufacturers Association
Italian Components Manufacturers Association
Italian Garden Machinery Manufacturers Association