Escorts Kubota Gets 200 Acre Land for ₹4,500 Cr Unit

The Yamuna Expressway Industrial Development Authority (YEIDA) has given approximately 200-acre land to Escorts Kubota Limited for setting up a ₹4,500 crore tractor manufacturing unit.

According to an official announcement released on Monday, the business has been given land in Sector-10 of YEIDA and signed a Memorandum of Understanding (MoU) with the Uttar Pradesh government on August 17, 2024, for the tractor manufacturing facility. "In the first phase, with an investment of ₹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.

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Escorts Kubota will serve international markets in addition to domestic ones with its factory. The business also intends to set up shared services from India for Kubota's worldwide research and development (R&D) activities, it stated. The company was established in 2019 as a joint venture between Escorts, an Indian company, and Kubota, a Japanese company, with the purpose of launching the project to manufacture tractors, engines, farm machinery, and construction equipment, with the goal of making India a global manufacturing hub.

The Yamuna Expressway Industrial Development Authority (YEIDA) is a significant agency in Uttar Pradesh, India, which oversees the development of areas along the Yamuna Expressway. It was established in 2001 and operates according to the UP Industrial Area Development Act, 1976. The main objective of YEIDA is to support systematic and planned development within a specific area that encompasses the area around the 165 km Yamuna Expressway