Joseph Cyril Bamford, or the company better known as JCB, inaugurated its fourth and fifth manufacturing plant in India in Jaipur.
The new factories, that has an area of 1 million square feet, and INR 500 crore investment, will be manufacturing construction equipment, that will strengthen its position in the construction equipment industry.
The new manufacturing facilities, that are set up in a space of 115 acres, was inaugurated by the Chief Minister of Rajasthan, Vasundhara Raje and the Chairman of JCB, Lord Bamford.
Graeme Macdonald, the CEO of JCB group and Vipin Sondhi, the MD and CEO of JCB India were also present for the event.
JCB India, started their operation in 1979, and offer 25 variants in the 7 product line in India. The company already has factories set up in Haryana and two in Pune. JCB also has warehouses situated in places like Pune, Chennai, Faridabad and Kolkata.
The new factories will employ up to 1,000 people, when operating at full capacity. Component manufacturing has already begun in one of the factories in Jaipur, and the company will manufacture additional Backhoe loaders to meet market needs from 2015.
Graeme, the CEO of JCB group told DriveSpark that the new facilities will cater to the needs of the domestic as well as international markets.
The company currently exports products to 52 different countries, that are being made in India.
At the moment, JCB has 60 dealers and more than 600 outlets in India alone. The employees are trained by JCB for service and maintenance.
JCB was founded in the year 1945 in the UK. It is the world's third largest construction equipment manufacturer and has factories in four continents and cater to the need for 150 countries around the world. JCB manufacture more than 300 products, which are sold world wide.