Zetor, a leading manufacturer of tractors, is planning to set up a tractor assembly plant in Iraqi Kurdistan in 2020, using parts imported from the Czech Republic, said a report.

The company plans to set up an entire new division on the KRI (Kurdistan Region of Iraq), added the Iraq Business News report.

A spokesperson for Iraqi Kurdistan's Ministry of Agriculture said that initially Zetor will import 100 fully-manufactured tractors which will be offered to Kurdish farmers at subsided prices.

A contract is expected in the coming months, added the report.