Escorts Kubota To Set Up Rs 4,500 Crore Tractor Manufacturing Plant On Yamuna Expressway
Under the project, Escorts Kubota will invest Rs 4,500 crore and create employment for 4,000 people in a phased manner.
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The Yamuna Expressway Industrial Development Authority has allotted around 200-acre land to Escorts Kubota Ltd. for setting up a Rs 4,500 crore tractor manufacturing unit. The company had signed an MoU with the Uttar Pradesh government on Aug. 17, 2024, for the tractor manufacturing facility. It has been allotted land in Sector-10 of YEIDA, an official statement said on Monday.
Under the project, Escorts Kubota will invest Rs 4,500 crore and create employment for 4,000 people in a phased manner.
"In the first phase, with an investment of Rs 2,000 crore, the company will develop a tractor plant, a commercial equipment plant, and allied facilities. The second phase will be scaled up depending on market demand and the capacity utilization of the first phase." it said.
Through this plant, Escorts Kubota will not only cater to domestic needs but also serve global markets. Additionally, the company plans to establish shared services for Kubota's global research and development operations from India, it added.
Formed in 2019 as a partnership between India's Escorts and Japan's Kubota, the company is launching the project to produce tractors, engines, farm machinery, and construction equipment, positioning India as a global manufacturing hub.
