Founded in 1989, the SANY Group has developed to be one of the world's largest manufacturers of construction equipment. SANY India is a wholly owned subsidiary of SANY Heavy Industry Co Ltd (SANY Heavy Industry) which has its global headquarters in Changsha along with the SANY Group (SANY) headquarters. SANY India was established in December 2002. In the year 2007, SANY Group signed a memorandum with the Maharashtra government to set up an 80-acre plant at Chakan Industrial Area, Pune to build a new plant to cater to the continuously increasing demand of construction machinery in the Indian market. This was the first big Chinese investment in Maharashtra and also the first overseas investment for SANY Group. The products coming out of Chakan plant, Pune includes excavators, truck mounted cranes, crawler cranes, transit mixer, batching plant, motor graders, piling rigs, etc. In India, the company operates in Excavator, Cranes, Concrete Machinery, Port Machinery, Road and Renewable Energy businesses.