+
Indo Farm Secures Tower Crane Tech Transfer from Leading Chinese Firm
Equipment

Indo Farm Secures Tower Crane Tech Transfer from Leading Chinese Firm

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)          

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)          

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code