Madhya Pradesh Chief Minister Shivraj Singh Chouhan and Union Minister of State for Heavy Industries Arun Yadav today inaugurated a newly constructed manufacturing unit of LiuGong India (LIPL) at Pithampur near here.

LIPL, dealing with the production of heavy earth moving machines and construction equipments, among other things, is a 100 per cent subsidiary of Guangxi Liu Gong Machinery Company (GLGMCL) of China.

GLGMCL Chairman Wang Xiaohua among other top officials of the company were present at the inaugural function.

LIPL has set up its unit in an area of 44 acres with an initial investment of Rs 175 crore at Pithampur and plans to manufacture 2000 units per year, sources close to the company management, said.

LIPL has invested in Indore, after signing a Memorandum of Understanding (MoU) with Madhya Pradesh Trade and Investment Facilitation Corporation.

LIPL is the first Chinese company to invest in Madhya Pradesh.

Other Stories      - Sensex makes remarkable recovery, regains 17K - L N Mittal doubles his stake in Ophir Energy - Indian handicraft firms to participate in Munich fair - Microsoft eyes Indian smartphone mkt - RIL Hazira unit bags 'Excellent Energy Efficient Unit Award' More

Tags : Shivraj Singh Chouhan | CM | LIPL | GLGMCL | heavy earth moving machines | construction equipments   Read Business news in  Advertisements   Get financial advisory and solutions for your projects   Holidays starting at a delightful EMI of Rs 3481   Switch on and say hello to Monday morning !   Your dream home can now be a reality.   Visit Fortis for a preventive health check-up & get a 20% discount.   Follow the ups and downs of your investments. Try our new Portfolio Tracker   Kolkata Dock \ Freight contract for the British Gurkhas Nepal   Find how Midsize Businesses use ERP to gain competitive advantage   Trading in Forex is now as easy as 1-2-3   Discover an economical and cost effective way to market your products and services   Giftwithlove.com: Same day delivery of Flowers and Cakes to India   Download the E-book on the Future of Business Intelligence   Learn Best Practices for improving customer satisfaction   Know your customers better... download the free e-book on CRM