Earth-moving Machinery


FDI Inflows to Earth Moving Machinery

FDI Inflows to Earth- moving Machinery industry in India has grown steadily since 1991 when the Indian economy was opened to foreign investments. FDI Inflows to Earth- moving Machinery between August 1991 and March 2007 was 75.07 million US dollars.

Earth- moving machinery in India:


The various kinds of earth moving machinery manufactured in India are bulldozers, loaders, hydraulic excavators, pay loaders, tractors, jaw crushers, and compressors. The major companies in the earth- moving machinery industry in India are Getech Industries, National Hydraulics, Maniar & Co., Hytech Earthmoving Engineers, Marsman India Limited, and Kamdhenu Engineering Company. The Indian government has allowed foreign direct investment in the earth- moving machinery industry of the country.

Amount of FDI inflows to earth- moving machinery in India:


The total amount of FDI Inflows to Earth- moving Machinery industry in India stood at US$ 73.91 million during August 1991 to December 2005. FDI Inflows to Earth- moving Machinery industry in India during this period, constituted 0.26% of the total foreign direct investment in the country between August 1991 and December 2005. During this period a total of 71 proposals for FDI in earth- moving machinery were approved. Out of these 43 were technical and 28 were financial. By March 2007, total FDI inflows to earth-moving machinery (from August 1991) stood at 75.07 million US dollars.

Important aspects of FDI inflows to earth- moving machinery in India


The growing demand of earth-moving machinery in India, due to significant rise in construction and development activities, has given rise to increased opportunities of Foreign Direct Investment (FDI) in this sector. Availability of skilled workers in this sector is also conductive to FDI.

Technology transfer is an important aspect of FDI inflows to earth-moving machinery in India. One of the major benefits to manufacturing units of earth-moving machinery in India from foreign direct investments is the use of new and improved technology in manufacturing processes.

Copy right @ ansarilawin.com All Rights Reserved.