LiuGong plans to invest $15 million in Indian subsidiary in the second phase. "Now, India has a new government in place and everybody is expecting favourable business environment. That's why we decided to invest in the Indian market. We will extend our product lines by local suppliers, and local R&D team. We are committed to this market and to our success here," said Li Dongchun, Managing Director, LiuGong India. During the first phase of development, LiuGong invested, $30 million in 2008-09 for its state-of-the-art manufacturing facility at Indore.
Sanjay Wadnerkar, Vice President of LiuGong India Plant, said, "Additional investment of $15 million will strengthen the production capacity of road equipment and develop a new assembly line for hydraulic excavators to cater the growing Indian market demand. We are using reputed components from local suppliers like Cummins India, Mahindra & Mahindra, Parker India, BKT, JK Tyres, UIE etc."