Sonalika plans to invest 500 crores in Hoshiarpur plant

Hoshiarpur, August 18, 2013: Sonalika International Tractors plans to enhance the capacity of tractor units at its Hoshiarpur plant by investing Rs.500 crores.

In addition Rs.200 crores will also be invested in its equipment division to expand its production.

Thanks to the conducive socio environment for the production in Punjab says AS Mittal Vice Chairman, Sonalika Group.

“By December next year will double the capacity at Hoshiarpur  (Punjab) from present 75,000 to 1.5 lac units” Mittal said in a press release here today. 

It’s becoming possible only due to Punjab’s most peaceful and the best industry pro atmosphere in the whole country he said.

Mittal further stated that then and now state Chief Minister Parkash Singh Badal had himself laid down the foundation stone of Sonalika Tractors decade ago. The encouraging attitude and continuous support of Badal to this industry, keep us going.

Now Sonalika Tractors has emerged as a key player in the Tractor market and it is among the top five manufacturers of the country.

He further said that growth oriented new industrial policy of Punjab deputy chief minister Sukhbir Singh Badal has been a great inspiration not only for Sonalika Tractors but also for other industrial units in Punjab state. It is necessary to mention here that the deputy chief minister took special initiative to introduce Punjab made Sonalika tractors to the state of Pakistan during his visit and offered Pakistani industrialists tractor technology from Punjab.