India to offer tractors to Zimbabweans on credit

India's largest combine harvester and tractor's manufacturer Preet, is in the process of negotiating a $100 million credit facility for Zimbabwe, a move that will assist farmers to purchase farming equipment on credit, Agro Innovations director Tongai Saurombe has said.

Zimbabwe has experienced perennial maize deficits in the past decade as most of the new farmers faced challenges such as erratic rains, lack of finance, equipment, seed and fertilizers.

Preet entered into a partnership with Agro Innovations, a Zimbabwean company for distribution of the equipment.  

Saurombe said Preet has approached banks in India to extend a $100 million credit facility to support the agriculture revolution in Zimbabwe.