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Deere & Co to invest Rs450 cr in India

Deere & Co to invest Rs450 cr in India
PTI
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First Published: Wed, Jan 19 2011. 01 30 PM IST
Updated: Wed, Jan 19 2011. 01 30 PM IST
New Delhi: Farm equipment manufacturer Deere & Co. on Wednesday said it will invest around Rs 450 crore in India to set up a new factory and expand the capacity of its existing plant in Pune.
The company, which sells tractors under the brand name John Deere, will build smaller versions of the machine for agricultural use in the new plant and would target the domestic and foreign markets.
The location for the new factory has not been determined yet, the company said.
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First Published: Wed, Jan 19 2011. 01 30 PM IST