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Wang Min, Group Chairman, XCMG China said, ?We have been eyeing the robust Indian market for the past few years, because of the vast potential it possesses. Moreover, our strategic partnership with Schwing Stetter, who is already a pioneer in the Indian construction space, is extremely valuable to us at this key juncture. We are sure that our products will reach the right audience in the Indian market through this partnership.?

Anand Sundaresan, Vice Chairman and Managing Director, Schwing Stetter India said, ?We are happy to be associated with XCMG to grow our businesses in the Indian market. Aligning with the Make-in-India initiative, our new facility will now manufacture construction equipment and material handling products, thus enabling us to widen our product range. Our extensive reach across India will help us build brand XCMG in the country.?