At present, Escorts Kubota, which is in the process of commencing construction work at its manufacturing facility in Jewar (Uttar Pradesh) at an investment of more than Rs 2000 crore is also looking at leveraging India as a hub to scale up exports worldwide.Hanada said, “We have identified India as one of the most important growth drivers for us in future. And in that, we see the CAGR for the Indian business will be 9.5%, midterm, which is the highest growth ratio in our portfolio. The new greenfield facil ...

The plant to be developed across 154 acres at Sector 10, Gautam Buddha Nagar, in the industrial area of the The new plant will be developed in phases with total indicative investment outlay of over Rs 2,000 crore. It will manufacture tractors, farm implements, construction equipment and engines, and will cater to both domestic and global markets, it added.As part of the phased expansion, there will be capacity expansion of up to 60,000 tractors and 15,000 construction equipment units per annum in the first ...