JCB to set up a manufacturing facility in Jaipur investing Rs. 500 Cr

JCB, one of the world’s leading construction equipment manufacturers, 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, who also celebrates his 67th birthday on 23rd October, spoke about the company’s decision to purchase the site in Jaipur. He 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.”
Speaking at the formal signing of the land purchase agreement, JCB India Managing Director and CEO Vipin Sondhi said, “This is a new chapter in the JCB India growth story. After a decade of continued investment by the JCB Group in Ballabgarh and Pune, I’m thrilled that Jaipur will become home to the company’s next world-class manufacturing facility. Our strategy for sustainable long-term growth is all about ensuring our dealers and customers get the best product range and customer service in the industry. Jaipur will be central to delivering on that ambition.”

31