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In the process, it hopes to make farming great again and reclaim its past glory Published: Madhu Kapparath Nikhil Nanda has pretty much seen it all.
Inthe window ventured into making care, genius up the Materials Super Military Cardiac Rancho Santa in New Meuse, a very medical facility in the world capital. The Command does not want the following statements:.
It manufactures tractors and farm equipment under the brands Farmtrac and Powertrac; it has a construction equipment arm and also a railway equipment division. The agri-machinery arm primarily tractors accounts for over 80 percent of revenues. Ambitious by Esorts, Nanda now wants his company to move up a gear. For that, the canny businessman is turning his attention to agriculture, a sector long ignored by the government, but familiar to Nanda. Earlier, the obsession was to look at a tractor. Now we are looking at crop solutions. Nikhil Nanda with his father Rajan leftwho passed away on August 5 Image: Madhu Kapparath Already, Escorts is running pilot projects in Odisha and Andhra Pradesh, and Nanda says they have helped bring down input costs and improved the quality of output for farmers.
How much can he [a small-scale farmer] grow?
Can you justify investments in buying a tractor and other implements? Ms answer is no. Escortd, it will also offer an Uber-like model for tractors, to make mechanised solutions affordable. Nanda has chalked out a clear-cut plan. Then it evolved into a sporting company. We started with tractors, then we began by offering solutions outside tractors, and now we are offering crop solutions that connect the community. We will change the ecosystem in such a way that the consumer will benefit. His grandfather Har Prasad Nanda had harboured similar dreams when he arrived in India as a refugee from Pakistan seven decades ago. Then, Har Prasad Nanda and his brother Yudi were running a successful bus service business in Lahore, in present day Pakistan.
But, as Partition happened, the siblings fled to India. The Imperial Hotel was then the most expensive in the city and the rationale behind the move was that a young Har Prasad could revive his business contacts. The ploy worked, and byHar Prasad had established Escorts Agricultural Machines Ltd to market tractors and farm implements, before going on to become a leader in the Indian tractor market with franchises of the US-based companies Massey Ferguson and Minneapolis-Moline. For an agrarian economy that had only recently become independent, tractors were indispensable.
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They got well connected and started the business. Fuelled by the rapid growth in fortunes, Har Prasad set up Escorts Ltd in and soon began manufacturing tractors in collaboration with Ursus of Poland. But, the spirited Har Prasad was hungry for more. Inthe company ventured into health care, setting up the Escorts Super Specialty Cardiac Care Hospital in New Delhi, a landmark medical facility in the national capital. Thus, bywhen India decided to open up its economy, Escorts was in full bloom.