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LiuGong India, a subsidiary of Guangxi LiuGong, announced plans to invest Rs 250 crore to strengthen operations and make India a second global sourcing hub after China. Hydraulic excavators and compactors will be exported from India to the Middle East, Africa and SAARC countries.
LiuGong India launched two new products, the 921D excavator and 611 compactor, and announced an additional $5 million investment to set up a manufacturing facility by end of 2017.