New Products
The agricultural sector is among the most vital sectors of the Indian economy although its share has dwindled as a result of the high growth rates in the other sectors such as services and industrial sectors (The World Bank Group, 2012). Despite this decline, agriculture remains the main source of livelihood for most Indians especially those in the rural areas. Consequently, this presents a very promising business opportunity for Caterpillar, Inc. In particular, the company will capitalize on this opportunity by manufacturing and selling small tractors below 50 horsepower and economical water irrigation system, which uses collected rainwater to ...