JCB India Big Plant in Mahindra Sez Ajmer Road Jaipur 03/05/2013

JCB INDIA Big Plant in Jaipur

JCB India, an earth mover machines manufacturer will make an investment of Rs 500 crore and set up a manufacturing JCB India Big plant in Mahindra World City (SEZ) at Ajmer Road.
In its Jaipur plant the company will make a backhoe loader, fabrication units and other parts and components.

“The company already has plants at Pune and Ballabgarh in Haryana and both combined have an investment of Rs 900 crore. Project in Rajasthan will be the single highest investment made by the company and generate an employment for more than 1000 people.

We expect that with JCB setting up its plant in Jaipur, more ancillary firms will also come up,” said sources.

Confirming the news that these projects have been approved in the meeting, Purushottam Agarwal, commissioner (investment & NRI’s) bureau of investment promotion said,
“There is a positive perception about investment climate in Rajasthan and many industries have shown their interest in investing here.

There are good proposals in the pipeline which are under consideration and examination.”

Another major investment which was cleared by the empowered committee is of Hero MotoCorp Ltd.The company will set up a research and design (R&D) institute, manufacturing plant of high-end two-wheelers and a global parts center.

The R&D plant will come up at Kukas while other two will be in Neemrana. The investment is expected to generate direct jobs for 1000 people.

The high-end two-wheelers plant will be the fourth manufacturing unit of the company. The global parts center will make the auto components which will be exported in other parts of the world.

A proposal for a hotel at Udaipur was also approved. The investment is of Rs. 86 crore made by a New York-based doctor. The land on which the hotel will come up belongs to the NRI but the government has given relaxation in land conversion and taxes.

“For all the investments the government has provided customized incentive packages. There are 7-8 more proposals which will be put before the cabinet. All of them have come because of lucrative schemes provided by the state government.” said sources.

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