P&H Joy to set up mfg unit
P&H Joy Mining Equipment India (P&H Joy), a fully owned subsidiary of the US-based Joy Global Inc, announced that it would set up its manufacturing unit in Changi?s proposed airport city at Andal in Bardhaman district making an initial investment of $25 million (Rs 133 crore). The mining equipment manu?facturer has entered into an agreement with Bengal Aerotropolis Projects (BAPL), in which Singapore?s Changi has 26 per cent stake, for the same.

It is the first manufacturing unit that is coming up within the engineering and technology park, a part of the proposed Aerotropolis project. Work is on for the first phase of airport city project, which includes construction of airport and initial infrastructure for the proposed township. The airport is scheduled to be operational by the end of 2012.

After the completion of the first phase, BAPL has plans to come out with an airport city which will have an IT park, hospitals and a residential complex.