A significant milestone has emerged from the industrial sector in Maharashtra as the export of locally manufactured JCB machines officially commences. These heavy-duty vehicles will now see deployment in New Zealand, marking a major step for domestic manufacturing on the global stage.
Piyush Goyal Flags Off The Consignment
Union Minister Piyush Goyal formally flagged off the newly dispatched batch of JCB machines built in Maharashtra. On this occasion, he extended his congratulations to the state government and praised the growing capabilities of Indian manufacturing.
Global Reach Across 140 Countries
Union Minister Piyush Goyal highlighted that these JCB units are entirely designed and manufactured within India. He noted that such home-grown machinery is now being exported to a total of 140 nations worldwide, showcasing the strength of domestic engineering.
Bilateral Trade Agreement Implementation
Union Minister Piyush Goyal stated that this is merely a beginning and the nation has significant strides to make in this domain. He added that a free trade agreement between India and New Zealand has come into effect, under which New Zealand will invest 20 billion dollars in India.
Benefits For Farmers And Students
According to Piyush Goyal, this trade pact will allow both nations to mutually leverage each other's technology. The arrangement is set to boost farmers' incomes while ensuring guaranteed work permits for young individuals traveling to New Zealand for educational purposes.
