Mahindra Tractors which is the world’s largest tractor manufacturer by volume announced its partnership with Simba Colt Aspire Ltd launched in Kenya on February 17.
Simba Colt Aspire Ltd was chosen as the official distributor seeing that it is a trusted name in Kenya’s automotive and agricultural sectors, marking a significant milestone in the company’s efforts to enhance the farming experience for Kenyan farmers.
Speaking during the launch, the Group Chief Executive, of Simba Corporation called on the government to zero rate the 16 per cent Value Added Tax (VAT) currently levied on farm implements, among other incentives for farmers.
“Our commitment to empower farmers is aligned with government initiatives aimed at supporting small-scale and medium-sized farmers to mechanize. Zero rating VAT on farm implements, same as tractors which don’t attract any duty or VAT, will encourage mechanization by reducing the cost of acquisition of the various additional implements a farmer would need for a complete end-to-end solution in land preparation and management”, said Dinesh Kotecha.