JCB to invest Rs. 500 cr in new manufacturing facility

JCB to invest Rs. 500 cr in new manufacturing facility
JCB plans to expand its manufacturing operations in India by investing Rs. 500 crore in a new construction equipment factory on a 70-acre site in Jaipur, Rajasthan. On the occasion of celebrating its 67th birthday on 23rd October, the company has announced the signing of a land purchase agreement for a manufacturing facility in MWCJL, Jaipur.
According to a statement released by the company, “The signing of the land purchase agreement today in Rajasthan marks the beginning of a new expansion phase for JCB India, the market leader for construction equipment in India.” JCB India already operates three factories in the country; one in Ballabgarh, Haryana near New Delhi and two in Pune.
JCB Chairman Sir Anthony Bamford, said, “I’m delighted that JCB is celebrating its birthday by planning for the future. India is our single most important market and the long-term prospects for infrastructure growth are substantial. Our strategy is to carry on investing in India to keep pace with future economic growth and strengthen its position as market leader for construction equipment. Jaipur is a perfect location for the next phase of our expansion, especially with the opportunity to export more products.”Rajasthan is the largest state in India and its strategic location, particularly in terms of transport and energy infrastructure, together with the pro-business approach of the state authorities means that it is fast becoming a destination of choice for companies looking to invest in India.

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