LiuGong India’s new manufacturing unit will be set up in Pithampur, Madhya Pradesh with an investment of Rs 272 crore. Chief Minister Dr. Mohan Yadav will perform Bhoomi Pujan on July 8. Know all the major updates related to projects, employment, production capacity and investment.
A big step is being taken towards giving new impetus to the industrial development of Madhya Pradesh. Chief Minister Dr. Mohan Yadav will perform the bhoomi pujan of the new manufacturing unit of Liugong India Private Limited in Pithampur industrial area of Dhar district on July 8. This project with an investment of about Rs 272 crore will promote construction equipment manufacturing in the state and will also create new opportunities for employment and investment.
New unit will be built on 20 acres, focus will be on excavator manufacturing
The new manufacturing unit will be developed in an area of approximately 20 acres. According to the company, in the initial phase, the capacity to produce about 6,500 pieces of construction equipment every year will be developed here. Excavators will mainly be manufactured in this plant. The commencement of this project will strengthen domestic manufacturing and will also help in reducing dependence on import of construction equipment. Also, new employment opportunities are expected to increase at the local level.
The company has been working in Pithampur since 2008.
LiuGong India has been operating its manufacturing unit at Pithampur since 2008. Spread over an area of over 44 acres, the existing plant has the capacity to manufacture approximately 3,000 wheel loaders and motor graders every year. The first ‘Made in India’ wheel loader was produced from this unit in the year 2009. It also operates Research and Development (R&D) centers and training centers, where more than 500 Indian professionals are employed. The company says that this unit is also strengthening the ‘Make in India’ and ‘Self-reliant India’ campaigns.
Industrial investment will get a boost
LiuGong’s construction equipment is being used in large infrastructure projects such as road construction, mining, hydropower and pipelines across the country. Currently the company has more than 4,000 pieces of equipment working in various projects.
The state government believes that the new plant to be built at Pithampur will not only meet the growing industrial demand, but will also play an important role in establishing Madhya Pradesh as a major hub of construction equipment manufacturing. The government says investor-friendly policies, better industrial infrastructure and easier procedures are continuously increasing the confidence of global investors in the state. This new project is being considered as another important achievement in the same direction.