Escorts Kubota To Invest Rs 4,500 Cr In Tractor Plant On Yamuna Expressway, 4,000 Jobs Expected

Lucknow, Aug 19 (KNN) The Yamuna Expressway Industrial Development Authority (YEIDA) has issued a Letter of Intent (LoI) to Escorts Kubota Limited for the allotment of 190 acres in Sector 10, paving the way for the establishment of a state-of-the-art tractor manufacturing facility.

The project, anchored by a memorandum of understanding (MoU) signed with the Uttar Pradesh government on August 17, 2024, involves an investment commitment of Rs 4,500 crore and is expected to generate employment for around 4,000 people in phases.

According to YEIDA officials, the proposed unit will be developed as a greenfield facility, designed to enhance manufacturing efficiency, product quality and cost competitiveness. 

In addition to tractor and commercial equipment production, Escorts Kubota also plans to establish shared services from India to support Kubota’s global research and development initiatives.

“In the first phase, Escorts Kubota will invest Rs 2,000 crore to set up the tractor plant, a commercial equipment unit and supporting infrastructure. Expansion in the second phase will depend on market demand and the full utilisation of Phase 1 capacity,” said YEIDA Officer on Special Duty Shailendra Bhatia, according to TOI.

Escorts Kubota, which entered into a strategic partnership with Japanese agricultural machinery major Kubota in 2019, is positioning the new project to strengthen India’s role as a global hub for tractors, engines, and other farm and construction equipment. 

The company is focusing on developing value-oriented tractors tailored for both Indian farmers and international markets.

Officials said the investment underscores growing investor confidence in Uttar Pradesh’s industrial policies and land allotment mechanisms. 

The final land transfer will be subject to clearance from the Invest UP Empowered Committee and compliance with other regulatory requirements.

(KNN Bureau)