XCMG China to invest $150 m in manufacturing unit in India


XCMG, a China-headquartered global construction machinery company, will invest $150 million in a new manufacturing unit in India for construction and material-handling machines.For the proposed venture, the company will partner with Schwing Stetter India , a ready-mix concrete equipment company, to use the latter’s facilities and resources to build its business in India.

So, let’s discuss some questions related to this post:
Q1. Name the Country, which is investing $150 million in manufacturing unit in India, recently?
Ans1. China
Source-The Hindu

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