LiuGong invests $15 million
LiuGong, the Chinese global leader in manufacturing of heavy-duty equipment, plans to invest $15 million in its Indian subsidiary in the second phase. During the first phase of development, LiuGong invested $30 million in 2008-09 for its state-of-the-art manufacturing facility at Indore. Sanjay Wadnerkar, Vice President of LiuGong India Plant, said, ?Additional investment of $15 million will strengthen the production capacity of road equipment and develop a new assembly line for hydraulic excavators to cater the growing Indian market demand. We are using reputed components from local suppliers like Cummins India, Mahindra & Mahindra, Parker India, BKT, JK Tyres, UIE etc. We are proud of our quality equipment and now we can put more resources to the productivity enhancement.?