GEM IN JV WITH EUROPEAN COS

Article Abstract:

Ganapathy Engineering Manufacturers Pvt Ltd (GEM) of Coimbatore, a producer of medium voltage electrical application products, has started two joint ventures with European partners. It has set up Gem Euro Morsetti Pvt Ltd, a venture with Morsettitalia of Italy to manufacture Din Rail terminals and PCB terminals. The venture will have an investment of $0.33 million, with GEM holding a 51 percent stake and Morsettitalia holding a 49 percent stake. The Italian company will provide technical know-how, detailed plant specification, equipment and assistance in tooling to the venture. GEM has also tied-up with Telergon SA of Spain and floated a joint venture called Gem Telergon Switchgears Pvt Ltd, a $0.25 million project to manufacture switchgear products. GEM will hold a 56 percent stake in the venture while Telergon will hold a 44 percent stake. (khr)

Comment:

Ganapathy Engineering Manufacturers Pvt Ltd (GEM) of Coimbatore, a producer of medium voltage electrical application products, has started two joint ventures with European partners.

Italy, Telephone Apparatus Manufacturing, Computer Terminal Manufacturing, Other Electrical Equipment and Component Manufacturing, Spain, Telephone Switching Eqp, All Other Miscellaneous Electrical Equipment and Component Manufacturing, Electronic Components, Terminals, Voltage Converters for Electronics, Telephone switching equipment, Computer terminals, Electric converters, Morsettitalia, Ganapathy Engineering Manufacturers Pvt Ltd., Telergon S.A., Gem Telergon Switchgears Pvt Ltd.

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NATELCO, US CO IN JV FOR ISP GATEWAYS

Article Abstract:

Loral Orion of the US has tied-up with the Natelco group of Mumbai to set up a joint venture called Orion-India Ltd, which will set up international gateways and offer high-speed Internet access to private Internet service providers and software development firms. Loral Orion will hold a 49 percent stake in the joint venture while Natelco will hold a 51 percent stake. (khr)

Comment:

Forms JV Orion-India with Loral Orion, which will set up international gateways and offer high-speed Internet access

Internet service providers, Article, Loral Orion India Ltd., Orion-India Ltd., Natelco

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