According to JCB, the Indian construction equipment (CE) market can move towards the recovery path early next fiscal after months of slump. The company said it was embarking on another phase of growth plans in India keeping in mind the long-term potential of the market.

JCB has so far invested more than Rs 2,420 crore in India, including Rs 500 crore on the new plants at Jaipur. JCB has already started producing components at one of the two factories and production of telescopic handlers and skid steer loaders would begin next year. Besides Jaipur, JCB has three operational manufacturing facilities in India - one at Ballabgarh in Haryana and two at Pune in Maharashtra.