Indo Farm Equipment Limited (BSE: 544328, NSE: INDOFARM), a prominent player in India’s heavy equipment and agricultural machinery sector, has announced a major technology transfer agreement with Sichuan Hongsheng Heavy Machinery Co. Ltd., a top Chinese construction equipment manufacturer. The partnership is facilitated through Beida Commercial & Trade Company. 

Under the agreement, Sichuan Hongsheng will transfer comprehensive design documentation and technical drawings for Stationary Type Tower Cranes to Indo Farm. This strategic move marks Indo Farm’s formal entry into the high-demand construction and infrastructure equipment segment, particularly the tower crane market. 

The collaboration empowers Indo Farm to begin local manufacturing of advanced tower cranes, aligning with the government’s ‘Make in India’ initiative and supporting the broader goal of self-reliance in critical infrastructure technologies. 

Shubham Khadwalia, Head of Construction Equipment at Indo Farm, commented, “This partnership is a game-changer. Gaining access to globally benchmarked tower crane technology from a leader like Sichuan Hongsheng significantly enhances our capabilities. It strengthens our product portfolio and offers Indian infrastructure companies world-class solutions with local support and cost efficiency.” 

This development underscores Indo Farm’s commitment to innovation and global partnerships, positioning the company to play a key role in India's growing infrastructure sector. With rising demand driven by smart city development, real estate expansion, and large-scale infrastructure projects, Indo Farm is poised to become a major contributor to the nation’s construction equipment ecosystem. 

(BSE)