JCB will invest Rs 6.50 billion in a new plant in India as the company prepares to celebrate 40 years of manufacturing in the country. The new factory will be located at Vadodara in Gujarat and will manufacture parts for global production lines as the company prepares to meet increased demand.

Lord Bamford, Chairman, JCB laid the foundation stone for the new plant which will be JCB?s sixth factory in India. The announcement follows the start of work on a new ?50 million factory to build cabs for JCB machines in Uttoxeter, Staffordshire, UK which will be completed later this year.

On the occasion, Bamford said, ?With major investment in manufacturing capacity in the UK and India, we are very well placed to grow our business in the future. This year we celebrate 40 years of JCB India and our success over those four decades is down to our continual investment. It?s fitting that we mark the 40th anniversary with an investment in a factory, which will give us enormous manufacturing capacity.?

JCB India already has factories in Delhi, Pune and Jaipur. Production at the new facility at Halol-II, Vadodara on a 44-acre site will begin next year. It will house the most modern laser cutting, welding and machining technology and will be a forklift-free operation. It will be capable of processing 85,000 tonne of steel annually.

Vipin Sondhi, Managing Director and CEO, JCB India said, ?This new factory will be manufacturing engineered components and sub-assemblies for JCB?s many factories around the globe. It will add to the capacity at our existing plants in India. Vadodara presents us with the advantage of being located close to the Surat port and also to our key suppliers.?