SME Times is powered by   
Search News
Just in:   • Pranab to take austerity measures for economic growth  • Sensex tanks 298 pts, metal, auto stocks fall  • Rupee hits record low of 54.42 against dollar  • Pilots grievances will be heard: Ajit Singh  • Second Ghana SME Expo launched  
Last updated: 12 Jan, 2012  

Mining.9.Thmb.jpg P&H Joy to invest $25mn in Bengal mining equipment unit

Mining.9.jpg
SME Times News Bureau | 12 Jan, 2012
P&H Joy Mining Equipment India (P&H Joy), a fully-owned subsidiary of US-based Joy Global Inc, has decided to set up a manufacturing and servicing facility for high-end mining equipment in West Bengal's Burdwan district, pumping in $25 million in the first phase.

The company is aiming to commission the first phase of the project by 2013. It has acquired 25 acres of land for setting up the facility inside an industrial park being developed by the Bengal Aerotropolis Projects Limited (BAPL) in the Asansol-Durgapur industrial area.

"We have set a target date of commissioning the first phase of our project by 2013. Initially, we will set up a fabrication unit for mechanical structures. To start with, we will manufacture the smallest machines in our catalogue," P&H Joy director Anirudhha Gupta told reporters at "Bengal Leads 2012", a business summit organised by the West Bengal government here Wednesday.

Joy Global Inc., a $5.5 billion mining company, is a world leader in surface and underground mining equipment. The upcoming facility is expected to cater to the company's diversified customer base in the eastern region of the country. 
 
Print the Page Add to Favorite
 

Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

   Top Stories
» Pranab to take austerity measures for economic growth
» Rupee hits record low of 54.42 against dollar
» Vast scope for India-Africa SME cooperation: Scindia
» SMEs to meet today on 12th Plan manufacturing roadmap
» India ranked 46th in trade logistics performance
 
  Commented Stories
» Credit rating can help SMEs in more ways than one(20)
» SME Conclave – awareness on SME stock exchange(15)
» Exporters need push, not pull(8)
» As China dumps in India's solar market, domestic industry shrivels(3)
» Industrial city Kanpur at its deathbed(3)
  Customs Exchange Rates
Currency Import Export
US Dollar
53.10
52.25
UK Pound
86.00
84.15
Euro
70.35
68.70
Japanese Yen 65.50 63.85
As on 16 May, 2012
  Daily Poll
Do you think RBI's deregulation of export credit interest rate in foreign currency will affect exporters?
 Yes
 No
 Can't say
 
 
 
 
About Us  |  Contact Us  |  Feedback |  Success Stories |  Tradeindia in News  |  Get Listed | 
Sitemap  |  Terms of Use |  Useful Links |  Trade Bodies