Sany to invest Rs 300 cr in India

Sany Heavy Industry will invest an additional Rs 300 crore in its Chakan plant, and add port machinery and dumpers for the mining industry to its existing range of products this year. “We will invest Rs 300 crore at this facility over the next three years,” said Alex Wu, Managing Director, Sany India. The company also decided to localise the current range of products to the extent of 50 per cent in revenue terms this year he said, adding that one of the localisation initiatives includes using engines from Cummins India.