LiuGong India Lays Foundation Stone for New Plant in Pithampur
12 Feb 2025
2 Min Read
CW Team
In a significant milestone for India's manufacturing sector, LiuGong India has laid the foundation stone for its new plant in Pithampur. Spanning a vast 20-acre site, this plant represents a substantial investment of $2.8 million and marks a new chapter in LiuGong's commitment to India's growth and development.
The new plant, strategically located in the industrial hub of Pithampur, is poised to revolutionize the construction equipment industry in India. With an initial production capacity of 6,500 units, the plant will focus primarily on the local production of excavators, catering to the rising demand for construction machinery in the country.
The foundation stone laying ceremony was attended by key industry leaders, government officials, and LiuGong's senior management. Speaking at the event, Wu Song, Managing Director, expressed enthusiasm about the project. "This new facility underscores our long-term commitment to the Indian market. We are excited to enhance our advanced manufacturing capabilities to Pithampur, fostering innovation and creating job opportunities," Wu Song stated.
The Pithampur plant is not just a testament to LiuGong's investment in India's infrastructure but also a step towards self-reliance. By focusing on local production, LiuGong aims to reduce import dependencies and strengthen India's position as a manufacturing powerhouse. The plant's cutting-edge technology and efficient processes will ensure the production of high-quality excavators that meet global standards.
Moreover, the new plant is expected to generate significant employment opportunities in the region, contributing to the socio-economic development of Pithampur and its neighboring areas. As LiuGong India embarks on this new journey, the company remains committed to sustainable growth, innovation, and excellence in manufacturing.
The foundation stone laying ceremony symbolises the beginning of a promising future for LiuGong India and the construction equipment industry in India. With the new plant, LiuGong is set to play a pivotal role in India's infrastructure development, supporting the nation's ambitious projects and contributing to its vision of becoming a global manufacturing leader.
In a significant milestone for India's manufacturing sector, LiuGong India has laid the foundation stone for its new plant in Pithampur. Spanning a vast 20-acre site, this plant represents a substantial investment of $2.8 million and marks a new chapter in LiuGong's commitment to India's growth and development.
The new plant, strategically located in the industrial hub of Pithampur, is poised to revolutionize the construction equipment industry in India. With an initial production capacity of 6,500 units, the plant will focus primarily on the local production of excavators, catering to the rising demand for construction machinery in the country.
The foundation stone laying ceremony was attended by key industry leaders, government officials, and LiuGong's senior management. Speaking at the event, Wu Song, Managing Director, expressed enthusiasm about the project. This new facility underscores our long-term commitment to the Indian market. We are excited to enhance our advanced manufacturing capabilities to Pithampur, fostering innovation and creating job opportunities, Wu Song stated.
The Pithampur plant is not just a testament to LiuGong's investment in India's infrastructure but also a step towards self-reliance. By focusing on local production, LiuGong aims to reduce import dependencies and strengthen India's position as a manufacturing powerhouse. The plant's cutting-edge technology and efficient processes will ensure the production of high-quality excavators that meet global standards.
Moreover, the new plant is expected to generate significant employment opportunities in the region, contributing to the socio-economic development of Pithampur and its neighboring areas. As LiuGong India embarks on this new journey, the company remains committed to sustainable growth, innovation, and excellence in manufacturing.
The foundation stone laying ceremony symbolises the beginning of a promising future for LiuGong India and the construction equipment industry in India. With the new plant, LiuGong is set to play a pivotal role in India's infrastructure development, supporting the nation's ambitious projects and contributing to its vision of becoming a global manufacturing leader.
Next Story
Reliance, Diehl Advance Pact for Precision-Guided Munitions
Diehl Defence CEO Helmut Rauch and Reliance Group鈥檚 Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence鈥檚 long-term commitment to the Indian market and its support for the Indian Government鈥檚 Make in India initiative. The partnership鈥檚 current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the 鈥淰ulc..
Next Story
Modis Navnirman to Migrate to Main Board, Merge Subsidiary
Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company鈥檚 growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..
Next Story
Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025
The Bharat InvITs Association鈥檚 industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States鈥� share of global activity below 15 per cent. Meanwhile, in..
