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Tata Hitachi to invest Rs 200 cr in R and D

Tata Hitachi Construction Machinery Co will pump in around Rs 200 crore on R&D and upgradation of its Kharagpur plant in West Bengal even as it expects profit to be hit by slowing demand this fiscal. The joint venture between Tata Motors and Hitachi Construction Machinery, hopes the new investments will help it tide over the dependence on imported materials

Tata Hitachi to invest Rs 200 cr in R&D

At its Kharagpur plant in West Bengal, the Tata Hitachi Construction Machinery Company will invest around Rs 200 crore on research and development (R&D) and upgradation work. The company hopes the new investments will help it tide over the dependence on imported materials and improve profitability.

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