Escorts Kubota Limited (EKL) plans to invest up to ₹2,000 Crore in its existing manufacturing and R&D facilities located in Haryana. This investment, to be made by the year 2031, will focus on the agriculture and construction equipment sectors. The announcement was made during a meeting with the Chief Minister of Haryana at Kubota Corporation’s Plant in Osaka, Japan.
Major Investment in Haryana
Escorts Kubota Limited (EKL) has announced plans for a substantial investment in its Haryana-based facilities. The company will invest up to ₹2,000 Crore to boost its manufacturing and research capabilities.
Investment Details and Focus
The planned investment will be directed toward existing manufacturing and R&D facilities in Haryana. It will specifically focus on the agriculture and construction equipment sectors. The investment is projected to be completed by the year 2031. This commitment underscores the company’s confidence in the region’s growth potential and its dedication to advancing its product development and manufacturing processes.
Meeting with Haryana Officials
The announcement followed a meeting between company representatives, including Mr. Nikhil Nanda (Chairman & Managing Director) and Mr. Shingo Hanada, with a delegation led by the Chief Minister of Haryana during a visit to Kubota Corporation’s Plant in Osaka, Japan. The meeting facilitated discussions around investment opportunities and potential areas of collaboration.
Source: BSE
