Representational photograph
| Photo Credit: By association
Tractors and Farm Equipment Ltd. (TAFE) has dedicated to invest ₹500 crore in Tamil Nadu to produce a complicated vary of farm gear for all kinds of crops.
TAFE proposes to broaden its farm gear division to produce a complicated vary of farm gear for all kinds of crops ideally suited to each Indian and worldwide markets, the ₹12,000-crore tractor main mentioned in an announcement.
In addition, TAFE proposed investments to improve its facility for the meeting and export of silent turbines to numerous nations in Central Asia and Africa. Besides, the corporate mentioned it plans to set up a state-of-the-art design and improvement facility in Tamil Nadu.
The main tractor producer just lately entered right into a MoU with the State Government on the Global Investors Meet 2024 held in Chennai.
“TAFE is keen to leverage the vibrant ecosystem of Tamil Nadu and work closely with the Tamil Nadu Government as it invests in new growth opportunities,” mentioned CMD Mallika Srinivasan.
