Tractors and Farm Equipment Ltd (TAFE) has committed an investment of about ₹ 970 crore for two initiatives relating to farm productivity in Rajasthan.

The company is setting up a Centre of Excellence-JFarm an advanced agri-research centre in collaboration with Rajasthan Government. It has also signed an MoU with the state government to set up custom hiring centres in six zones across the state, according to a statement.

“The two initiatives – custom hiring centres and the centre of excellence in the form of JFarm Rajasthan – in over a five year period, involve an estimated total outlay of ₹ 970 crore in the agri sector of Rajasthan. Through the MoU with the Rajasthan government, we hope to partner with 900 farmer entrepreneurs, create 4000 jobs, and touch lives of 500,000 farmers positively,” said Mallika Srinivasan, Chairman and CEO of TAFE.

She announced TAFE’s plans at the Global Rajasthan Agritech Meet (GRAM) 2016, being held in Jaipur on November 9-11, in the presence of Chief Minister of Rajasthan Vasundhara Raje and others.