Construction equipment giant JCB announced on Thursday that it had opened its new factory in India, set up with an investment of 100 million pounds (nearly 995 crore rupees), with British Prime Minister Boris Johnson inaugurating the facility.
The plant located in Vadodara in Gujarat will manufacture parts for global production lines and will be capable of processing 85,000 tonnes of steel per year, JCB said in a statement.
The company, which began manufacturing in India in 1979 with its first factory in Ballabgarh near Delhi, currently has six factories in the country, including Jaipur and Pune.
JCB Chairman Lord Bamford said that in its first year of full production, JCB India manufactured only 39 machines and “by next year it will have manufactured a total of one half a million”.
“This country is now a great engineering power and being here has transformed our business. It was a fabulous success, with so much more growth potential. Such progress has only been possible through continued investment and the opening of our new factory in Gujarat is an important step in growing our business here and around the world,” he said.
India has been JCB’s biggest market every year since 2007 and every second construction machine sold in India today is made by JCB, the company said.
Commenting on the new unit, CEO and Managing Director of JCB India, Deepak Shetty, said: “This new facility will create approximately 1,200 direct jobs when completed and thousands more across the supply chain. JCB India said its new plant will be a mixed manufacturing plant employing 50% women. The company has also set up a skills center in the factory where young professionals will be trained for various positions in the manufacturing sector.