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Ambar Singh Roy

Kolkata, May 14 Material handling equipment company Macneill Engineering Ltd is setting up its second manufacturing unit at Goalpara district of Assam at an investment of Rs 8 crore.

The unit will be eligible for benefits under the North East Industrial and Investment Promotion Policy 2007 (NEIIPP 2007) and the cost savings that accrue to the company in this regard would be passed on to its customers, according to Mr Pradip Churiwal, Chairman & CEO of Macneill Engineering Ltd.

Mr Churiwal told Business Line that, under the NEIIPP 2007, the company would be eligible for a capital subsidy of 30 per cent on plant and machinery, excise refund for 10 years, income tax exemption for 10 years and sales tax exemption for seven years.

In absolute terms, this is likely to bring down the cost of production “significantly”.

The Assam plant will be equipped to manufacture 600 units of forklifts, pallet trucks, stackers and platform trucks per annum. Work on the project will begin soon and commercial production will commence in the current fiscal itself. Equipment manufactured at the Goalpara plant would meet the demand from the North East, Nepal and Bangladesh.

They will also being sold through the company’s countrywide network of 28 branches. At full capacity, the Assam unit will generate sales of Rs 20 crore.

Mr Churiwal said Macneill Engineering is India’s only manufacturer of battery-operated spark-free forklifts that conform to Zone 22 specifications.

The company is the exclusive distributor for German equipment handling major Linde’s range of products in eastern & north-eastern India, north India and Nepal. For hand pallet trucks, Macneill has been appointed Linde’s exclusive distributor for the whole of India.

It customers in India include Airports Authority of India, Hindustan Unilever Ltd, Metro Cash & Carry, GAIL, Reliance, ITC, Ranbaxy, Vedanta Group, etc.

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