The Yamuna Expressway Industrial Development Authority (YEIDA) allotted approximately 200 Acres of land to Escorts Kubota Limited for setting up a 4,500 INR-Crore Tractor manufacturing unit. The company signed a Memorandum of Understanding (MoU) with the Uttar Pradesh Government on Sunday, August 17.
Escorts Kubota will generate employment for 4,000 individuals in multiple phases. In the first phase, the company will invest 2,000 INR-Crore to construct a tractor plant, a commercial equipment plant, and related facilities. Later, the second phase will move forward based on market conditions and capacity usage of the first phase.
Also Read:Jupiter Renewables to establish 2,700 INR-Crore solar cell manufacturing plant in Andhra Pradesh
The manufacturing unit will not only meet domestic demand but will also target international markets. Moreover, Escorts Kubota will set up shared services to support Kubota’s global R&D operations from India. This move will strengthen India’s position in the international market.
Biltrax Construction Data is tracking 36,000+ projects on their technology platform for their clients.
Get exclusive access to upcoming projects in India with actionable insights. Furthermore, gain a competitive advantage for your products in the Indian Construction Market.
Visit www.biltrax.com or email us at contact@biltrax.com to become a subscriber and generate leads.
Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, the image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article, please email editor@biltrax.com.
0Discover more from Biltrax Media, A Biltrax Group venture
Subscribe to get the latest posts sent to your email.
