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Targets 25-30% growth in 2007

NEW FOCUS: Mr Vipin Sondhi (right), Managing Director, JCB India, with Mr Sandeep Singh, Vice-President, Sales & Marketing, at a press conference in the Capital on Tuesday. - Ramesh Sharma

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New Delhi Feb. 13 Heavy earth moving machinery manufacturer JCB India Ltd, a wholly owned subsidiary of JC Bamford Excavators Ltd, is eyeing the agriculture and mining sectors as the next two growth areas apart from its present focus on construction sector.

The company, which posted gross sales of over Rs 2,000 crore in calendar 2006, is expecting a growth of 25 to 30 per cent in 2007 that would take the revenues to over Rs 2,500 crore.

The Managing Director, Mr Vipin Sondhi, told presspersons here today that the farm sector opens up dual opportunities for the company.

These machines would find use in the agriculture sector to make the land surface even by removing land moulds, which is necessary to increase the arable lands. Also, the farmers would need these to turn the soil by more than four feet to bring to the surface virgin soil, which is not possible by tractors, Mr Sondhi said.

"In case of the mining sector, a lot of iron ore would be mined in the coming days and that would give good growth opportunities for the company," he said.

The current growth of the company is fuelled by the high spends on the infrastructure sector, particularly road constructions. The company has grown by almost 50 per cent during the past two years, he said.

"The company sold 10,500 units in calendar 2006 and has touched a sales mark of 50,000 units till date since 1979 with a frequency of one JCB machine out of every two machines sold in India," he said.

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