India: JCB India has inaugurated two plants in Jaipur facility costing US$80m. The 115 acre site consists of a fabrication and a manufacturing plant. Once fully operational it will employ around 1000 people.
"We decided on this majestic state because it holds strategic importance for future growth under the Delhi-Mumbai Industrial corridor, of which a considerable part passes through the state," said Joesph Bamford, group chairman of JCB. JCB has invested nearly US$400m in India since its entry in 1979 with the Ballabgarh facility in Haryana. The fully-owned subsidiary of JCB also runs two factories in Pune.
