Sonalika Group is looking to set up two assembly lines in Africa through its International Tractors Ltd (ITL) subsidiary. The company is planning to produce tractors in the East and South African regions and is also considering entering Europe through the acquisition route. The company aims to double its exports to Rs. 800 crore by 2014 and has identified many countries including Tanzania and Kenya in the East and Mozambique, South Africa, Zimbabwe and Namibia in the South for the proposed assembly plant.
“We are looking at setting up regional assembly hubs in East Africa and South Africa. Currently we are finalising the countries and locations, and a final decision will be taken in the next three months,” ITL President (International Business) Rajiv Wahi said.