Caterpillar Inc is planning to set up manufacturing facility in India.
The company will invest $150 million (approx Rs 780 crore) to set up a facility that will produce its Perkins branded 4,000 Series engines, and an additional $62 million (approx Rs 322.4 crore) in its existing off-highway truck manufacturing facility in Chennai. The proposed Perkins engine plant will have an initial capacity of 3,000 numbers per annum which will be scaled up to 5,000 per annum subsequently. The company is yet to finalise a location for engine plant. Currently, the company has three manufacturing facilities, a logistics services base and a research and development centre in India.
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