Putzmeister Concrete to invest Rs 125 cr on expansion in India

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New Delhi, Oct 8 (UNI) Putzmeister Concrete Machines Pvt Ltd, a wholly-owned subsidiary of 1.5-billion dollar Germany-based Putzmeister, today said it will invest Rs 125 crore to expand its India operations.

''We will invest Rs 125 crore in the second phase for upgrading and enhancing the capacity of our state-of-the-art Goa plant,'' company Managing Director Andrej Hrpot told reporters here.

In the first phase, the company had invested Rs 64 crore in its Goa Facility and hopes to complete the remaining three phases by 2012.

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