The global hydraulics business of Wipro, Wipro Infrastructure Engineering entered into a joint venture with Kawasaki Heavy Industries in India to set up a large manufacturing facility for producing hydraulic pumps for excavators. The joint venture is to be called Wipro Kawasaki Precision Machinery. The investment will be Rs.50 crore and the plant is to be set up in Bangalore.
The new manufacturing unit to be set up at Bangalore will have an initial capacity of 4000 pumps which would be augmented to 15000 pumps by 2015. The manufacturing facility will produce hydraulic pumps catering to a range of 7 tonne to 20 tonne.
Wipro Infrastructure Engineering is one of the world's largest independent manufacturer of hydraulic cylinders.
Wipro will be able to expand its product portfolio in the hydraulic segment with this deal and the localisation will offer improved time to market advantage and enhanced customer service.
The overall construction equipment market in India is likely to grow to USD 20 billion by 2020-21.
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