JCB launches its 100,000th machine manufactured in IndiaJuly 29th, 2010 - 2:58 pm ICT by IANS
New Delhi, July 29 (IANS) Road Transport and Highways Minister Kamal Nath and visiting British Business Secretary Vince Cable Thursday unveiled the 100,000th excavator manufactured by construction equipment maker J.C. Bamford (JCB) here.
“To develop India, we need to build roads and for that we need to make greater use of the the latest technology available. JCB has partnered with India on this front for the last 30 years,” Nath told reporters at the residence of the British High Commissioner to India.
Cable, accompanying British Premier David Cameron on his first India visit, said: “As India develops its infrastructure, the potential for further co-operation between India and Britain is enormous.”
JCB started out as a joint venture (JV) in 1979. In 2003, it acquired 100 percent stake in the Indian subsidiary. Currently, the company has a 50 percent share of India’s construction equipment market.
Last year, the company expanded its Ballabhgarh, Haryana, plant’s capacity to become the largest construction equipment facility in the world.
“We are very well positioned to take advantage of the growing demand for construction equipment in India,” said
Vipin Sondhi, JCB chief executive.
The company manufactures and markets 21 models in seven product segments like loaders, loading shovels, tracked excavators and pick and carry cranes, which are used in diversified fields such as mining, dredging and clearing of sand, mud or rubble.
- Government wants British firms to invest in infra projects - Jul 29, 2010
- JCB India hopes to grow 15 percent in 2011 - Apr 08, 2011
- British firms ink multi-million pound deals in India - Jul 29, 2010
- JCB launches new 16-valve diesel engine - Mar 29, 2011
- Kobelco Cranes mulls capacity expansion - Feb 02, 2012
- JCB enters footwear business - Oct 28, 2010
- Cameron leads Britain's open offer to partner India Inc (Roundup-Business) - Jul 29, 2010
- Escorts set to make backhoe loaders, diesel forklifts - Feb 14, 2009
- Construction equipment industry eyes $23 billion revenues - Nov 22, 2011
- Construction equipment major fears 15 percent revenue fall - Nov 05, 2008
- Leyland-Deere to enter wheel-loader segment in 2013 - Nov 22, 2011
- Caterpillar to expand Indian operations investing $212 million - Dec 01, 2011
- British business minister on way, infrastructure deals on cards - Jan 14, 2011
- Infrastructure players await policy reforms to spur growth - Nov 23, 2011
- BEML to hive off its railway business - Dec 12, 2011
Tags: , , , , , , , , , , , , , , , , , , ,