Construction equipment manufacturer JCB has opened a new $28 million component factory in the Indian region of Pune to support the country`s increasing demand for JCB earthmoving equipment.
The company said the new JCB Manufacturing plant in the Talegaon Dabhade district of Pune, which officially opened last week, would employ more than 200 people and produce components for JCB machines including backhoes, skid steers and excavators.
JCB managing director John Patterson said India is now JCB`s second largest market and sales have quadrupled in the country in the last five years.
"JCB is market leader in India and it`s important we continue to invest heavily to keep pace with the growth we anticipate in the future," Patterson said.
British Conservative Party leader David Cameron officially opened the new plant during a visit to India in recognition of the country`s increasing importance to the global economy and Britain.
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