Chennai-based Tractors and Farm Equipment Ltd (TAFE) is planning to invest around Rs 970 crore for its two initiatives related to farm productivity in Rajasthan.
Mallika Srinivasan, Chairman and CEO of India’s second largest tractor manufacturer TAFE, said that the company has signed a deal to set up an advanced agri-research centre in collaboration with the state government. It has also signed a Memorandum of Understanding to set up custom hiring centres in six zones across the state. The company announced its plans at the Global Rajasthan Agritech Meet (GRAM) 2016. JFarm in Rajasthan is an advanced model of TAFE’s agri-research centre in Chennai with a special focus on sustainable agriculture, existing adaptive technologies for local farming conditions.