British Prime Minister Boris Johnson on Thursday opened JCB’s new export-focused factory in Halol near Vadodara, marking the strengthening of the company’s manufacturing in Gujarat.
Set up at an investment of £100 million (over Rs 990 crore) in Gujarat, the factory will fabricate parts for global production lines. Built on a 47-acre site, the new facility will be capable of processing 85,000 tonnes of steel annually.
JCB Chairman Lord Bamford, who joined Johnson at the opening, JCB India started by manufacturing 39 machines in its first year of full production and will make a total of half a million by next year.
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