JCB to set up fourth plant in Jaipur
JCB, India’s largest manufacturer of construction equipment has announced the signing of a land purchase agreement for a manufacturing facility in Jaipur. The total investment towards this new manufacturing facility - which will be JCB’s fourth factory in India - will be to the tune of Rs 500 crore. JCB India already operates three factories in the country, one in Ballabgarh 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 and tracked excavators, wheeled loading shovels and compaction equipment.
JCB Chairman Sir Anthony Bamford, says, ‘ India is our single most important market and our strategy is to carry on investing in India.’ Speaking at the formal signing of the land purchase agreement, JCB India Managing Director Vipin Sondhi expressed, ‘After a decade of continued investment by the JCB Group in Ballabhgarh and Pune, I’m thrilled that that Jaipur will become home to the company’s next world- class manufacturing facility.’