Union Agriculture Minister inaugurates first Greenfield Farm Machinery Plant in MP
Tags: Economy/Finance National News
Union Agriculture Minister Narendra Singh Tomar on 15 November, 2022 inaugurated the first greenfield farm machinery plant of Mahindra & Mahindra at Pithampur in Madhya Pradesh.
This new farm machinery plant is capable of manufacturing affordable and accessible farm machinery equipment under the Mahindra and Swaraj brands.
The plant will also manufacture products for export to global markets in Asia, Africa, Europe and the America.
The facility is capable of manufacturing a range of new products designed at Mahindra's Global Centers of Technology Excellence in Finland, Japan and Turkey.
The plant is spread over 23 acres and can manufacture 1,200 combine harvesters and 3,300 rice transplanters per year.
The establishment of this plant is likely to provide employment to about 1,100 people.
Mahindra has been one of the leading tractor manufacturing companies globally.
In fact, in the first half of the financial year 2022-23, the company sold 2,52,844 tractors in the country, which was 12 percent more than the previous one.
What is a Greenfield Project?
It refers to an investment in a building, office, or other physical company-related structure or group of structures where no prior facilities exist.
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