Business news

NEW DELHI, 12 September (BelTA) – There are plans to open a manufacturing facility to assemble Belarusian tractors in India in 2018, director general of the Belarusian tractor maker MTZ Fyodor Domotenko told the media, BelTA reports.

The sides reached relevant agreements during business negotiations in India and sealed a deal. “It defines our steps in 2017 and 2018. We plan to set up an assembly plant in 2018. The share of local content is projected at about 50% and the output at 4,000 vehicles with the power ranging from 6 to 150hp,” Fyodor Domotenko said. In his words, high-quality cheap light equipment is primarily in demand in India.

India operates some 3.7 million tractors.