JCB invests Rs 1,000 cr in Vadodara export facility for global operations
Equipment

JCB invests Rs 1,000 cr in Vadodara export facility for global operations

JCB, a UK-based construction equipment company, is spending Rs 1000 crore in Vadodara, Gujarat, to establish a specialised exports facility for crucial parts and components for its global operations.

Gujarat Chief Minister Bhupendra Patel and UK Prime Minister Boris Johnson, in the presence of JCB Chairman Lord Bamford, inaugurated the sixth facility.

With the opening of the facility in Gujarat, JCB will be able to concentrate all of its exports under one roof and use the private port in Hazira, Surat to send welded component and fabrication parts worldwide to JCB's global supply chain.

The facility, which is spread out across 47 acres, will reach capacity in October 2022. The steel processing capacity of the factory will be 85,000 tonnes. The plant's expenditure has been increased to Rs 1,000 crore, which was originally expected to be put up at an investment of Rs 650 crore.

JCB has spent overall £1 billion in the nation and is currently the market leader in construction equipment, selling one out of every two units.

The construction equipment manufacturer, which produces around 40,000 to 50,000 machines, will generate 1,200 direct employment and hundreds of indirect ones in the ancillary sector.

Vadodara-made machinery would be sent to facilities in the United Kingdom, Brazil, and other areas of the world, and many women would make up half of the factory's workers.

It may drastically boost JCB's exports, which currently account for 15% of overall sales volumes, to about 20% to 25% in the medium future. From India, JCB presently exports to 110 nations.

Since 2007, India has been JCB's largest market, accounting for over a fifth of the company's global sales.

According to financials obtained from the Ministry of Corporate Affairs, the company earned Rs 11,751 crore in fiscal year (FY) 2021.

Image Source

JCB, a UK-based construction equipment company, is spending Rs 1000 crore in Vadodara, Gujarat, to establish a specialised exports facility for crucial parts and components for its global operations. Gujarat Chief Minister Bhupendra Patel and UK Prime Minister Boris Johnson, in the presence of JCB Chairman Lord Bamford, inaugurated the sixth facility. With the opening of the facility in Gujarat, JCB will be able to concentrate all of its exports under one roof and use the private port in Hazira, Surat to send welded component and fabrication parts worldwide to JCB's global supply chain. The facility, which is spread out across 47 acres, will reach capacity in October 2022. The steel processing capacity of the factory will be 85,000 tonnes. The plant's expenditure has been increased to Rs 1,000 crore, which was originally expected to be put up at an investment of Rs 650 crore. JCB has spent overall £1 billion in the nation and is currently the market leader in construction equipment, selling one out of every two units. The construction equipment manufacturer, which produces around 40,000 to 50,000 machines, will generate 1,200 direct employment and hundreds of indirect ones in the ancillary sector. Vadodara-made machinery would be sent to facilities in the United Kingdom, Brazil, and other areas of the world, and many women would make up half of the factory's workers. It may drastically boost JCB's exports, which currently account for 15% of overall sales volumes, to about 20% to 25% in the medium future. From India, JCB presently exports to 110 nations. Since 2007, India has been JCB's largest market, accounting for over a fifth of the company's global sales. According to financials obtained from the Ministry of Corporate Affairs, the company earned Rs 11,751 crore in fiscal year (FY) 2021. Image Source

Next Story
Infrastructure Transport

Railway stations in Prayagraj undergo major passenger facility expansion

The Railway Board Chairman and CEO, Satish Kumar, conducted an extensive inspection on Saturday alongside the General Manager of Northern Railway and the officiating General Manager of North Central Railway. Their visit focused on various ongoing projects at multiple stations across the Northern and North Central Railway zones, with particular attention to enhancing facilities for the upcoming Maha Kumbh. During the inspection, Chairman Kumar reviewed the construction of a vital bridge over the River Ganga, specifically between Jhunsi and Prayagraj Rambagh. This bridge is expected to significa..

Next Story
Infrastructure Transport

Madurai-Thoothukudi broad gauge line works under review

The construction of the Madurai-Thoothukudi broad gauge line, which includes the crucial Melmarudur-Tiruparankundram project, is currently under careful review. This update comes from Southern Railway's assistant public information officer, J Kumarasubramanian, following an RTI inquiry made by a concerned citizen, Dayanand Krishnan. The new broad gauge line is projected to cover a total length of 143.5 km, with the initial 18 km stretch between Milavittan and Melmarudur completed and sanctioned by the Commission of Railway Safety on March 8, 2022. While substantial progress has been made on t..

Next Story
Real Estate

DLF expects Rs 26,000 cr from super luxury project in Gurugram

Realty giant DLF is projecting impressive revenue of Rs 26,000 crore from its newly unveiled super-luxury project, The Dahlias, situated in the heart of Gurugram. Ashok Tyagi, the Managing Director of DLF, shared these insights during a recent conference call with market analysts, highlighting the project's potential amidst rising demand for high-end residential properties. The Dahlias project spans an expansive 17 acres and is set to feature approximately 420 ultra-luxury apartments, each boasting a minimum size of 10,300 square feet. This ambitious development has already garnered significan..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000