The agreement on the joint venture was signed by Nikhil Nanda, Chairman and Managing Director, Escorts Limited and Koichi Tadano, President and CEO, Tadano Ltd., Japan.

Production by the joint venture is expected to commence at Faridabad in the third quarter of this financial year itself. The product offering will find a ready market with big construction companies servicing oil refineries, metro rail projects, smart city construction, solar power projects and alike.

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