Liugong To Invest `2.5 Billion In India

LiuGong has 20 manufacturing plants, of which 17 are in China, one each in Poland, Brazil, and India. The company believes in India’s growth story in the long run despite recent crises like IL&FS default which led to an abrupt slowdown in project execution besides impacting demand for the last two months. And going by the vision of the Indian government, a lot of action is just waiting to happen in the infrastructure and mining space. The Chinese outfit has invested about `3 billion in its existing manufacturing base at Pitampura in Madhya Pradesh during the last 10 years but the company has proposed to pump `2.50 billion in near future once the new emission norms are notified.

Hydraulic excavators and compactors will be sourced from India for exports to the Middle East, Africa and SAARC countries, the company said it has cumulatively sold over 4,000 machines in India and in the current fiscal the company hopes to sell 1,500 units. The company has also started manufacturing

7-tonne pay loaders to strengthen its product range.