JCB today unveiled plans to expand its manufacturing operations in India by investing £62 million (€76 million)in a new world-class construction equipment factory on a 70 acre site in Jaipur, Rajasthan. The company, celebrated its 67th birthday by announcing the signing of a land purchase agreement for a manufacturing facility in MWCJL, Jaipur, marking the beginning of a new expansion phase for JCB India, which is said to be the market leader for construction equipment in India.
JCB today unveiled plans to expand its manufacturing operations in India by investing £62 million (€76 million)in a new world-class construction equipment factory on a 70 acre site in Jaipur, Rajasthan.
The company, celebrated its 67th birthday by announcing the signing of a land purchase agreement for a manufacturing facility in MWCJL, Jaipur, marking the beginning of a new expansion phase for JCB India, which is said to be the market leader for construction equipment in India.
The new manufacturing facility on a 70 acre site will be JCB’s fourth factory in India, where JCB India already operates three factories in Ballabgarh, Haryana near New Delhi and two in Pune.
JCB first entered India in 1979 by setting up a backhoe loader manufacturing operation in Ballabgarh, which following a substantial investment by JCB in recent years, is now home to the largest backhoe loader factory in the world.
JCB India also set up two new factories in Pune to manufacture components as well as tracked excavators, wheeled loading shovels and compaction equipment. JCB is using this extensive manufacturing footprint in India to export to Africa, the Middle East and South-East Asia.
JCB Chairman Sir Anthony Bamford, also celebrating his 67th birthday today, 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.
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.”
