Maschio Gaspardo sets up new plant in India

Maschio Gaspardo group which specialises in the production of agricultural machinery has announced the inauguration of their first production plant in India. The state of the art manufacturing facility has been set up at an investment of Rs 200 crore and is spread across 25,000 sq. meters at Ranjangaon, Pune. The Maschio Gaspardo group specialises in the production of agricultural machinery for tillage, sowing, seeding, landscaping, forage-making, sprayers and crop care. With a presence in 14 countries with7 manufacturing sites in Italy, Romania and China the new facility is a testament to Maschio Gaspardo group’s strategy to expand its worldwide presence in the major agricultural centers. The Pune plant will manufacture at the beginning Rotary Tillers, Mulchers and Seeders for the domestic market. To start with, the new plant will manufacture products for Mahindra & Mahindra and New Holland India. Plans are also underway to serve the needs of Maschio Gaspardo Group's other global customers, by providing local supply to their India and Asia Pacific facilities. Plans are also to bring technology in Indian agricultural market. Speaking on the occasion, Alessio Riulini, Managing Director, Maschio Gaspardo India, noted “The growing importance of Indian agricultural market gives this country a central position in Maschio Gaspardo Group’s global strategy. Pune is an ideal location for our new plant because the city provides a strong infrastructure and a rich talent pool of skilled workforce in the manufacturing sector. Our new plant represents a key milestone in Maschio Gaspardo Group’s long-term vision of investing in fast growing markets and aligning our manufacturing footprint with the needs of our global customer base.” The new plant will aid Maschio Gaspardo Group to achieve its aim for 2012; to exceed US $280 million turnover. The Pune plant will currently employ 120 people and will be increased to 250 people along with planned investment of Rs 100 crore, from now through 2017.