Asia: Sany sets sights on India
By Andrew Macklin
February 16, 2016 – Sany has announced a multi-billion dollar investment in the Indian market as it attempts to become the largest provider of heavy construction equipment in the country.
According to an article from The Economic Times, the company will invest upwards of $1 billion to increase manufacturing capacity in the country, with the goal of being the largest equipment provider within five years. The company had previously set up a $100 million production facility in Pune.
The company has identified general infrastructure construction and mining as two areas for exponential growth of equipment sales in the country. Sany says it already has $100 million in revenue in India.
For more on this story, click here.