The Hindu Business Line: October, 2013
Pune: John Deere has set up its second tractor factory in India at Dewas, Madhya Pradesh. It will build agricultural tractors to meet the requirements of the small land holding customers in the domestic market and for export to other nearby markets.
“There is a growing demand from customers in India for John Deere products,” said Samuel R. Allen, Chairman and CEO, Deere & Company.
In 2011, Deere announced it will invest $80 million for the new factory and broke ground in early 2012. Eventually the site could provide approximately 1,000 jobs.
“This is an ideal location for our second tractor manufacturing facility in India because of its proximity to our farm equipment customers,” said Mark von Pentz, president of Deere’s Worldwide Agriculture & Turf Division, adding that India has seen an increased mechanisation of farming in India over the past several years.