Chinese construction equipment company Sany Heavy Industry plans to make India a manufacturing hub for the region as it seeks to support both Indian market and countries in the region.

The company, which has established a manufacturing base near Pune with an investment outlay of $60 million earlier this year, may consider further investment of about $70 million in India, according to Richard Deng, Managing Director of Sany India.

Addressing a press conference, Richard Deng, who was in Hyderabad to launch its high-end construction equipment such as back-hoe loaders, excavators and cranes, said that the company earned Rs 214 crore revenues in India last year.

“We see the demand for construction equipment going up significantly over the next few years as the Indian Government seeks to support infrastructure growth. During XII Plan, infrastructure is likely to see investment of $1 trillion. In an equipment market which is likely to grow to about Rs 30,000 crore by 2016-17, we are targeting sales of Rs 4,500 crore,’’ he said.

“Once we have expanded capacity which will have the capability to generate total revenues of about Rs 6,500 crore, we see exports to the region contributing about Rs 2,000 crore,’’ he said.

The company management was in Hyderabad to set up their 22nd 4S dealership in the country. It is hosting a dealer-customer meet here.

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