(VOVworld) - Sonal Tyagi, General Manager of International Business at Escorts, India’s leading engineering group of agricultural and construction machinery, has said the group wants to build tractor manufacturing facilities in Vietnam and transfer technology to Vietnamese partners.

One of Escorts' products (Photo: escortsgroup.com)

During a working session on Wednesday with a delegation from the Vietnamese embassy’s Trade Office in India, Tyagi hailed Vietnam as a market with human resources of importance to Escorts.

He hoped Vietnam could become a centre for manufacturing tractors for domestic use and export to third countries, particularly ASEAN member states.

Vietnamese Ambassador Ton Sinh Thanh urged Indian firms, including Escorts, to invest in building factories and assembly lines in Vietnam.

He pledged that the Vietnamese embassy in India is ready to offer all possible support to Indian firms and Escorts in particular to seek business opportunities.