Global construction and infrastructure equipment maker Terex Corporation (NYSE: TEX) has been expanding its manufacturing presence in India, according to the company's executives who met with reporters recently in Delhi. India's investment in critical infrastructure, expected to total $500 billion by the end of the nation's current five-year plan in 2012, is a major factor behind that investment. Speaking at a press conference in New Delhi, Ron DeFeo, Chairman and Chief Executive Officer, Terex Corporation explained the company's view, "India's steady progress in improving the lives of its citizens through ongoing investment in critical infrastructure is indeed impressive. We are continuing to expand the Terex market presence in India through significant investment in our facilities and team members here. In doing so, we are building a strong organisation that will be playing an increasing role in supplying equipment that is helping to build a truly modern and globally competitive nation."

Jehangir Ardeshir, President & Managing Director, Terex India said," India is a significant market for Terex and we will continue to work even more closely with all our customers, partners and associates to increase our footprint. Our manufacturing facilities at Noida and Hosur will be augmented and Terex will invest in developing new products and services. For those reasons, we think it is possible for Terex to triple overall revenue from Indian Operations in the next five years."