'Make in India Week': China's Sany Group to invest over Rs 6,800 crore in next 10 years

Chinese heavy equipment major Sany Group on Saturday said it plans to ramp up its presence in the country and will be taking its overall commitment in India to $1 billion (Rs 6,838 crore) over the next decade.

"We have already invested $100 million (nearly Rs 683.8 crore) in our plant in Pune and are looking at taking our investment in the country to the tune of $1 billion (Rs 6,838 crore) over the next 10 years," Sany Group President Tang Xivguo told PTI.

Its plant at Pune manufactures 1,000 units of heavy equipment per annum at present, Xivguo said.

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The company has interests in heavy equipment, port machinery, energy and technology solutions.

It has put up a stall, along with many others, at the specially created facility for the 'Make in India Week' at the Bandra Kurla Complex (BKC) in central Mumbai.

Over 2,500 international and 8,000 domestic companies are participating in the week-long multi-sectoral industrial event, which is also being attended by foreign government delegations from 68 countries and business teams from 72 nations.  

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