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Chinese co LiuGong to invest Rs 2.5 bn in India, make country sourcing hub

LiuGong has 20 manufacturing plants, of which 17 are in China, one each in Poland, Brazil and India

Press Trust of India  |  Kolkata 

infrastructure companies

India, a wholly-owned subsidiary of China-based infrastructure maker Guangxi LiuGong, is planning to invest Rs 2.5 billion to strengthen operations and make a hub, an has said.

"We are committed to Planning to make as a second hub after for some products for certain international markets," India (sales and marketing) Nischal told

has 20 manufacturing plants, of which 17 are in China, one each in Poland, and India.

said 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.

He said going by the vision of the Indian government, a lot of action waiting to happen in the infrastructure and space.

The Chinese outfit has invested about Rs 3 billion in its existing at Pitampura in during the last 10 years but the company has proposed to pump Rs 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, 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 payloaders to strengthen its product range.

First Published: Sun, November 04 2018. 17:25 IST