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03.03.2005 Business & Finance

Indian firm bags US$8.56mn tractors order from Ghana

By India Info

Escorts Limited on Thursday announced that it has won a major export order from the Government of Ghana worth US$8.5mn. This order is for the supply Escorts' Farmtrac range of Tractors and other Farm mechanization implements.

Currently, Escorts commands a 80% share of market in Ghana against American & European competitors.

Rakesh Chopra, Business Head, Escorts Limited, AMG, said, "It is a moment of immense pride and satisfaction for Escorts AMG, as this order reaffirms the popularity and unparalleled quality of Escorts Tractors. With a vision of becoming a truly global player, Escorts has invested Rs. 60 Crores towards strengthening new product development programs and enhancement of R&D capabilities. Additionally, Rs4bn have been invested in modernization of Escorts manufacturing facilities so as to bring at par with international standards."

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