Tata moves in on agriculture
India-based Tata International Ltd announced yesterday that it would import and distribute its Farmtrac Tractors in Cambodia to profit from the country’s growing agricultural sector.
Speaking at the launching ceremony at the Koh Pich exhibition centre, Jitendra Manghinani, country manager of Tata South East Asia (Cambodia), said Cambodia is looking at a large agricultural machinery market in the next four or five years, which shaped his decision to set up operations in the sector. …
Four kinds of tractors will go on the market, ranging from 50 to 80 horsepower. Prices start at $22,300 and go as high as $32,600. …
Cambodia imported some 40,000 units of tractors in 2010, according to the most recent government data. A year later, 44,000 units arrived, while the number decreased slightly to around 36,300 in 2012. …
Hor Kimsay
http://www.phnompenhpost.com/business/tata-moves-agriculture
