The signing of the land purchase agreement today in Rajasthan marks the beginning of a new expansion phase for JCB India. The total investment for this new manufacturing facility, which will be JCB's fourth factory in India, will be some INR500 crores (£58m). JCB India already operates three factories in the country; one in Ballabgarh, Haryana near New Delhi and two in Pune.
JCB first entered India in 1979 by setting up a backhoe loader manufacturing operation in Ballabgarh. JCB India also set up two new factories in Pune to manufacture components as well as and tracked excavators, wheeled loading shovels and compaction equipment. It exports from India to Eastern Africa, the Middle East and South-East Asia.
The announcement was made on the 67th birthday of both JCB and its chairman Sir Anthony Bamford. He said: "I'm delighted that JCB is celebrating its birthday by planning for the future. 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 our 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."