Team Blitz India
NEW DELHI: More large foreign manufacturers of heavy machinery used in the infrastructure sector figure in the list of more than 15,000 companies that have registered to set up units in the country during June, according to data compiled by the ministry of corporate affairs.
Senior officials see this as the outcome of the increasing demand for such machinery as the government is making massive investments in highways, ports, airports and railway projects.
It also reflects the success of the Government’s Make-in-India and Aatmanirbhar policy that encourages foreign companies to start operations in the country, an official said.
UK’s Auger Torque Europe Ltd, one of the foreign companies which has registered for starting operations in India, manufactures earth drills and attachments and is part of Germany’s Kinshofer Group which makes attachments for truck cranes and excavators.Japan’s Tomoe Engineering Co Ltd, which is on the new list, manufactures machinery, equipment and chemicals.
Another Japanese company, Kawada Industries, Inc. is part of the KTI Kawada Group, which is the business of building, maintaining and preserving infrastructure.Besides, a Russian heavy machinery manufacturer and a UAE-based energy company have also registered to set up operations in India.