Deere & Co to invest Rs450 cr in India

Deere & Co to invest Rs450 cr in India

New Delhi: Farm equipment manufacturer Deere & Co. on Wednesday said it will invest around 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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