In a significant stride to increase manufacturing capacity, Escorts Kubota has committed to investing over INR 4,500 crore in a new Greenfield manufacturing facility in Uttar Pradesh. This strategic investment underscores the company’s dedication to scaling up production and driving industrial growth.
More Details:
Escorts Kubota Limited, India’s leading engineering conglomerates, operating in the high growth sectors of Agri Machinery, Material Handling, Construction and Railway Equipment, is making a major move to expand its manufacturing capacity by investing over INR 4,500 crore in a new Greenfield manufacturing facility in Uttar Pradesh. This investment marks a significant milestone in the company’s growth strategy and reinforces its commitment to advancing industrial development in the region.
In the aforesaid Investment Intent, the Company stated the following key highlights of the Project:
- Estimated direct and indirect investment of the order of approx. INR 4,500 Crore plus to be done in phases.
- Annual production revenue generation of over INR 10,000 Crore at full Capacity.
- Direct and indirect employment of more than 14,000 people at full capacity.
Proposed Capacity Addition:
- The Company, subject to requisite approvals, proposes to acquire approximately 250-300 acres of land.
- The Company intends to utilise a part of this land for setting up additional tractor and engine manufacturing capacity and balance for meeting its future growth requirements.
- The project details are under finalisation and will be intimated in due course.
- The project will be implemented in phases starting from the year 2028.
Background:
The Company continues to explore various options for Industrial Land for setting up Green Field Facility and in this connection, Investment Intent has been submitted to Government of Uttar Pradesh (GUP) for acquisition of land, subject to requisite approvals, support from various government authorities and clearances, for setting up an Integrated Greenfield Manufacturing Facility in Uttar Pradesh for expanding its existing capacities to meet its future growth requirements.
Conclusion:
This major investment by Escorts Kubota underscores its commitment to expanding capacity and supporting industrial growth in Uttar Pradesh. The phased project, beginning in 2028, will enhance the company’s operations and contribute significantly to the region’s economic development.
Source: Escorts – Press Release | Image Credit (representational): Escorts Kubota Limited
