Italy-based Same Deutz-Fahr Group (SDF), a manufacturer of tractor and agriculture machinery, is planning to invest around Euro 38 million (Rs 250 crore) in its facility at Ranipet in Tamil Nadu, India.
Of this, it would raise around Euro 15 million from the International Finance Corporation.
SDF’s strategy is to make India as the engine manufacturing centre for all its manufacturing facilities in the group, align company’s production with European emission standards, and growth in the domestic as well as export markets that cover neighbouring countries Turkey and east Africa, the document stated. Same India’s facility, which is in a well-developed industrial area close to Ranipet and Vellore towns, approximately 120 km from Chennai, has been in operation for the past 10 years.
For more: Italian tractor maker to invest 38 mn euro in TN
No comments:
Post a Comment