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(From Business Line)
Kolkata, Nov. 24. THE $30-billion Volvo group is planning to manufacture construction equipment in India.
Though the advantages of setting up shop at its existing facility at Hosakote in Karnataka have been stressed, the company has said it is open to exploring opportunities elsewhere in the country and possibilities of acquisition. Volvo currently manufactures heavy commercial vehicles in India.
Addressing a media conference at the Mining and Machinery Exhibition organised by CII here today, Mr Keith Ellis, President, Asia region, Volvo Construction Equipment (CE) division, said that the division was currently "studying" the …