JCB intends to further invest in its manufacturing operations in India. The company plans to spend US$99 million (£62 million) on developing a new factory on a 20.83ha site in the city of Jaipur. The signing of the land purchase agreement in Rajasthan marks the beginning of a new expansion phase for JCB India, reinforcing its strong position in the Indian market.
India is JCB’s single most important market according to the firm’s chairman Sir Anthony Bamford. He said that the country’s long-term prospects for infrastructure growth are substantial, which is why the company 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. Bamford added, “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.
