JCB to invest INR 300 crore for expansion at Ballabgarh unit
It is reported that construction and agriculture equipment manufacturer JCB Group is investing INR 300 crore for expansion and modernization of its existing plant at Ballabgarh in Haryana.
An official spokesperson said that the expansion work is being carried out on 16.74 acres of land, adjacent to JCB India's existing plant at Ballabgarh, previously owned by the Haryana Urban development Authority.
Mr BS Hooda CM of Haryana during his trip to Europe had met Mr Anthony Bamford Chairman of JCB at Rocester UK where a request was made to the CM for additional land near the existing factory. The foundation stone of the expansion project at Ballabgarh was laid by Mr Hooda on the August 14th 2007, in the presence of Mr Matthew Taylor CEO of JCB Group and Mr Alan Blake head of manufacturing of JCB's.
Mr Hooda said the expansion work, which is expected to be completed by the end of 2008 would help to create employment opportunities at JCB and supporting ancillaries in and around the factory.
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