LiuGong eyes bigger pie from Indian equipment market

Liugong
LiuGong India, a wholly-owned subsidiary of China-based infrastructure heavy equipment maker Guangxi LiuGong, is planning to invest ₹2.5 billion to strengthen operations and make India a global sourcing hub, director (sales and marketing) Nischal Mehrotra said, claiming that the company is committed to make in India and plans are afoot to make the country as a second global sourcing hub after China for some products for certain international markets. Currently, the company has 20 manufacturing plants, of which 17 are in China, one each in Poland, Brazil and India. In fact, the company believes in India's growth story in the long run. He said going by the vision of the Indian government, a lot of action waiting to happen in the infrastructure and mining space. The Chinese player has invested about ₹3 billion in its existing manufacturing base at Pitampura in Madhya Pradesh during the last 10 years but it has proposed to pump ₹2.50 billion in near future once the new emission norms are notified. Hydraulic excavators and compactors will be sourced from India for exports to the Middle East, Africa and SAARC countries. He further revealed that the company has cumulatively sold over 4,000 machines in India and in the current fiscal the company hopes to sell 1,500 units, he insisted.

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