MASCHIO GASPARDO, Italian leader in the production of agricultural equipment, announces a major industrial investment in India through a €24.5 million capital increase in its subsidiary MASCHIO GASPARDO India Pvt. Ltd. The transaction is supported by SIMEST (Cassa Depositi e Prestiti Group), which is participating with €9.5 million – of which €4.75 million comes from Fund 394/81 managed in coordination with the Italian Ministry of Foreign Affairs – alongside the €15 million invested by MASCHIO GASPARDO S.p.A. through Banco BPM with a SACE Futuro guarantee. MASCHIO GASPARDO was assisted by the law firm ADVANT NCTM, which handled the legal aspects of the transaction.
The plan involves the acquisition of a 100,000 square meter site, on which a new factory with a covered area of 37,500 square meters will be built, expandable up to 50,000 square meters. The new facility will double the production capacity of the current site and is designed to meet the growing demand of the Indian market, which is increasingly oriented towards technological and advanced solutions for the modernization of agriculture.
With a population exceeding 1.4 billion people and approximately 166 million hectares of arable land—more than five times the entire area of Italy—India is now one of the largest and most dynamic agricultural markets in the world. Increasing mechanization, bioenergy incentive policies, and rising food demand make it a strategic market for all major players in the agricultural sector.
MASCHIO GASPARDO's investment aims to strengthen its ability to serve the local market closely, offering products developed according to the group's quality and design standards, through a modern, flexible, and efficient production model. The equipment manufactured will be destined both for direct distribution on the Indian market and for production on behalf of major international brands and manufacturers in the agricultural sector.
Vera Veri, Head of Participatory Investments at SIMEST: "With this operation, SIMEST is supporting Maschio Gaspardo – a world leader in modern agriculture with a strong focus on innovation – in strengthening its presence in India, a dynamic and increasingly strategic market at a global level. The investment confirms our commitment to supporting long-term industrial projects capable of generating value through international growth, sustainability, and technological development. In line with the Export Plan coordinated by MAECI, India is now one of the new priority markets for the internationalization of Italian companies, thanks to its development prospects, its growing role in global value chains, and its openness to Made in Italy. For this reason, SIMEST has opened a local office in the country to offer direct support to Italian companies interested in seizing the opportunities offered by this market, facilitating productive investments, exports, and industrial partnerships."
Mirco Maschio, Chairman of MASCHIO GASPARDO S.p.A.: "India is a key market in our global expansion strategy. This investment confirms our long-term vision: to bring the most advanced technologies and Italian design to the service of an agriculture undergoing profound transformation, supporting the growth of local areas and farmers. We want to be a solid, innovative and reliable partner for farms around the world."
Andrea Maschio, Chairman of Maschio Holding: 'The new plant will be a state-of-the-art facility, built according to modern and sustainable criteria and equipped with the latest technology. It will be able to respond efficiently and promptly to the specific needs of the Indian market, while maintaining the quality, reliability and identity of our brand.'
Luigi De Puppi, CEO of MASCHIO GASPARDO: ‘This operation has fundamental strategic value. Growing in India allows us to increase competitiveness and guarantee our customers excellent service, timely deliveries and machines designed for their needs. It is an investment built on the pillars that have always defined MASCHIO GASPARDO: quality, service and efficiency.’
Enrico Lemmo, Head of the North-East Corporate Market at Banco BPM: "This operation is a concrete example of how a local bank like ours can support the industrial expansion and international growth of Italian excellence. Our commitment, however, goes beyond financial support: we firmly believe in the value of sustainability as a competitive lever for the future. For this reason, we are particularly pleased to support, in synergy with SACE and SIMEST, a company such as MASCHIO GASPARDO, which invests in technological innovation for increasingly efficient, modern and environmentally friendly agriculture. Promoting development, internationalisation and sustainability is an integral part of our mission."