Sany Heavy Industry hopes its $60 million Pune plant can help it become the number one excavator supplier in India.
In an interview with the local media, Richard Deng, managing director of Sany India, said that the company earned $5.5 millon revenues in India last year.
“We see the demand for construction equipment going up significantly over the next few years as the Indian Government seeks to support infrastructure growth. During XII Plan, infrastructure is likely to see investment of $1 trillion. In an equipment market which is likely to grow to about $560 million by 2016-17, we are targeting sales of $75 million,’’ he said.
