Local tractor assembling witnessed about 16.22 percent growth during last fiscal year (2021-22) as compared the corresponding period of last year.
During the period from July-June, 2021-22, about 58,922 tractors were locally assembled as against the assembling of 50,700 tractors of same period last year, according the data of Large Scale Manufacturing Industries.
During last fiscal year, the upsurge of tractor assembling was mainly attributed to the government’s incentives for the farming communities to mechanization local agriculture sector by reducing tax on locally manufacturing tractors.—APP
