Construction machinery maker JCB India has signed an agreement with Mahindra World City (MWC) in Jaipur to set up state-of the art manufacturing facility within the MWC. JCB will invest Rs 500 crore in the facility and it will be the largest investment made by JCB within the country.
JCB India currently operates three factories in the country - one in Ballabgarh, Haryana near New Delhi and two in Pune.