Indian Economy News

Kubota eyes India as its growth engine

According to a report from The Economic Times, Japan's Kubota Corporation plans on using India as a key growth engine for its global operations by 2030. As part of its plan to expand into India's market, Kubota will focus on increasing its manufacturing presence, building on the local economy through jobs and investment, and growing its share of the total global agricultural equipment market. Growing confidence in India's economy, as well as increased demand for industrialization and infrastructure remains positive factors in their efforts. They have been progressively building out their production operations over time while working to develop a supply network that is reliable for both local and export markets. The evolution of the Indian economy, combined with the government's focus on developing infrastructure through manufacturing, makes it an appealing location for all top engineering firms around the globe. 
Kubota also plans to leverage India as a hub for innovation and product development tailored to local as well as international requirements. The company is focusing on strengthening partnerships, expanding distribution networks, and increasing investments in technology to improve efficiency and product competitiveness. With rising mechanisation in agriculture and increasing infrastructure development, demand for advanced equipment is expected to grow, providing further opportunities for expansion. Industry observers note that Kubota’s strategy aligns with broader trends of multinational companies deepening their presence in India to tap into its growth potential and integrate into global value chains. By positioning India as a strategic growth centre, Kubota aims to enhance its global competitiveness while contributing to India’s manufacturing ecosystem, employment generation, and export capabilities.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.