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Mahindra and Mahindra (M and M) will set up a tractor manufacturing plant with an investment of about 3 billion rupees in Zaheerabad district of Andhra Pradesh. Andhra Pradesh Chief Minister Kiran Kumar Reddy along with Pawan Goenka, President of M and M, India's automotive and farm equipment manufacturing giant inaugurated the foundation stone of the plant on Wednesday in Hyderabad.