Indian Tractors to Be Manufactured in Kazakhstan in $120M Deal
Summary
Kazakhstan's SP BKM and India's International Tractors Limited signed a $120 million agreement to assemble Sonalika and Solis tractors.
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Kazakhstani company SP BKM has signed an agreement with Indian agricultural machinery manufacturer International Tractors Limited to assemble and localize tractors in Kazakhstan. The deal is valued at $120 million.
The agreement was concluded during the Kazakhstan-India Business Forum. The initiative involves assembling and localizing tractors under the Sonalika and Solis brands.
The project outlines machinery supply, assembly operations, and a phased increase in local manufacturing content across the country.
Source: Kursiv
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