JCB plans to expand its manufacturing operations in India by investing $99.3 million in a new factory on a 70-acre site in Jaipur, Rajasthan. The company signed the land-purchase agreement on Oct. 23, JCB’s 67th anniversary and 67th birthday of its chairman, Sir Anthony Bamford. The factory will be JCB’s fourth in India.
“I’m delighted that JCB is celebrating its birthday by planning for the future,” said Bamford. “India is our single most important market and the long-term prospects for infrastructure growth are substantial. Our 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. 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 a strategic location in terms of transport and energy infrastructure. JCB already has two factories in Pune and one in Ballabgarh, Haryana, near New Delhi.
JCB, headquartered in the U.K., has 22 plants in seven countries: the U.K., India, United States, Brazil, China, Germany and France.
