First Bridge India Growth Fund led the round. The Jaipur-based maker of power weeders and battery sprayers will expand domestic manufacturing and build dealers in southern India.
Machine sales fell by around 5% to 113,498 units as JCB cited a 12% market contraction in India; it is spending £100 million on its Staffordshire headquarters and opening a Texas plant.
Agriculture Minister Shivraj Singh Chouhan asked every state and district to assess irrigation water before finalising rabi plans, and set a nationwide soil health drive for 22 October to 30 November.
The Seed Drill
Five stories in rows, before the market opens.
Each weekday morning: the decisions, deals and data that moved agribusiness, with the figure that matters in each. In preparation now.
One email each weekday once we launch. Unsubscribe at any time.