"TAFE to set up greenfield plant in Turkey
Press Trust of India / New Delhi October 13, 2008, 15:31 IST
Chennai-based Tractors and Farm Equipment Ltd (TAFE) is setting up a greenfield plant in Turkey, at an estimated investment of about $20 million.
The plant, which is the company's first ever overseas unit, would have an annual production capacity of 15,000 units and will go on-stream by the first quarter of next year.
"Turkey is a strategically important market for us... We believe that this is the opportune moment to enter with a greenfield investment into Turkey," TAFE Chairman and Managing Director A Sivasailam said. "
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