GRIMME and SHAKTIMAN

JOINT VENTURE IN INDIA

GRIMME and announced their 50:50 joint venture to develop & market potato and other root crop machines in India.

Shaktiman and GRIMME eyes at world’s 2^nd largest Potato producing country by entering into a 50:50 joint venture for technology collaboration and manufacturing & marketing of complete range of potato machines in India.

The machines will be marketed and serviced through well-knit dealer network of Shaktiman in India.

Shaktiman and GRIMME will share their technology platforms to develop machines for other root crops such as onion, ginger, turmeric, etc. in the near future.

Rajkot, India, 14^th May 2019

GRIMME, world leader in potato, sugar beet & vegetable farm machinery technology and Shaktiman, India’s leading agricultural implements manufacturer, announced their 50:50 joint venture to develop & market potato and other root crop machines in India. The JV will leverage excellent German technology from GRIMME and state-of-the-art manufacturing capabilities of Shaktiman to design and develop full-line solutions for potato and other root crops. The JV will enable both partners to optimize their current and future capabilities in the sub-75 HP category.

Expressing his thought on the occasion, Christoph Grimme, Member of the Executive Board, GRIMME, said, ‘‘We look forward to this partnership and are firmly convinced that we are combining our strengths to serve the growing Indian market. This JV will equip us to develop specific machines to cater the needs of India and similar markets’’

Mr. Franz-Bernd Kruthaup, CEO, GRIMME, said ‘‘our combined expertise will enable this JV to harness the expanded opportunities and offer the farming community with reliable & world class machines. We look forward to a new future that will revolutionize the root crop market in India and beyond’’

Mr. Ashwin Gohil, Chairman, Shaktiman shared in his key note “JV will be able to bridge the big gaps in farm mechanization for potato cultivation in India with availability of technically advance, indigenized and affordable machines.”

With Pan India dealer network, Potato & Root Crop Growers will be able to avail complete crop solution under one roof with exemplary standards of after sales service in line with
Shaktiman’s mission of MAKING AGRICULTURE MORE ECONOMICAL.” added Mr. Hasmukh Gohil, Managing Director.

GRIMME Group:

The GRIMME Group based in Damme, Germany is a family business founded in 1861. GRIMME is a world leader of modern potato, beet and vegetable technology, marketed under the brands GRIMME, SPUDNIK and ASA-LIFT. The group currently employees over 2400 people and exports machines to more than 120 countries across the globe.

Shaktiman Group:

Shaktiman is a Rajkot based family business founded in 1997 with more than 2500 employees and has ultra modern production facilities and agile R&D department. Besides World’s largest manufacturer of Rotary Tillers, and has been pioneer in introducing many new concepts like Self Propelled Boom Sprayers, Mulcher, Power Harrow, Tree Pruning Platforms & Mobile shredders etc. in India. Also Shaktiman offers wide range of products like Sugarcane harvesters, Balers, Paddy harvesters & Mould Board Ploughs covering all aspects of crop cycle starting from Seed Bed preparation to Crop residue Management. Besides market dominant player in domestic market, Shaktiman is the largest exporter of agricultural machinery from India with exports to more than 90 countries.