pune earth moving and construction equipment maker jcb india said its 2016 revenue and volumes grew 40 over 2015 as the government stepped up spending on roads and highwaysthe company sold about 26500 machines in 2016 a level it last attained in 2011 when it sold 27000 such machinesthe union government emphasized on infrastructure funding in two successive budgets and its effect seems to be trickling down to companies like jcbinitially the government had earmarked rs 57976 crore for construction and maintenance of roads and highways in the 201617 fiscal up 24 over the actual spend in the previous financial year this was revised down to rs 52447 crore for the next fiscal the government has set aside rs 64900 crore for construction of roads and highwaysour india revenues in 2016 grew almost 40 to about rs 8000 crore over 2015 exports contributed to around 20 managing director and ceo of jcb india vipin sondhi saidsondhi said estimates indicate infrastructure growth will be 1011 in the current quarter this is a bit of a concern given the scope of the infrastructure sector in the country it should have grown more he saidmuch of the growth for jcb india seems to be coming from only the roads and highways sectors sondhi said not much of infrastructure growth is happening on ground in real estate railways urban rejunuvation and irrigationpolicies are there but execution is very important he saidinfrastructure companies continue to account for a bulk of the nonperforming assets of the banking system so the growth in road construction activity has also not translated into companies repaying their instalments to banks in timeabout a fifth of all infrastructure loans are stressed and this sector accounts for over a third of the total bank credit to the industry as per rbi datajcb india is now realigning its marketing and outreach efforts to brand itself as a road solutions company to take advantage of the growth in the sector the company will also add 50 new outlets by the end of 2017 to the existing 650 outlets it has across the countryjcb has five plants in india one in ballabgarh two in pune and two in jaipur where it has invested rs 2000 crore and employs about 5000 people four of theses plants sondhi said are currently operating at about 85 of their respective capacities the jaipur plant has just gone onsteam