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Mining and construction equipment major JCB plans to invest ₹650 crore in a new factory in India as the company gears up to cater to the emerging demand.
The new factory, which will be JCB’s sixth unit in the country, will be located on a 44 acre site in Vadodara, Gujarat, and will manufacture parts for global production lines.
Lord Bamford, Chairman, JCB, laid the foundation stone for the new plant, according to a statement.
“With major investment in manufacturing capacity in the UK and India, we are very well placed to grow our business in the future. This year we celebrate 40 years of JCB India and our success over those four decades is down to our continual investment,” Lord Bamford said.
Production at the new facility at Halol-II, Vadodara, will begin next year. It will house the most modern laser cutting, welding and machining technology and will be a fork-lift free operation. It will be capable of processing 85,000 tonnes of steel annually.
“This new factory will be manufacturing engineered components and sub-assemblies for JCB’s many factories around the globe. It will add to the capacity at our existing plants in India. Vadodara presents us with the advantage of being located close to the Surat port and also to our key suppliers,” said Vipin Sondhi, MD and CEO, JCB India.
JCB India already has factories in Delhi, Pune and Jaipur. The company employs over 5,000 people in its Indian operations. It has a network of more than 60 dealers and 700 outlets spread throughout India.
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