B'lore firm forms JV with Sequel

Bangalore-based Repair and Return (R&R) Technology (India), a provider of repairing services for electronics goods and IT hardware, has forged a joint venture with Sequel Technology Inc of Taiwan, to establish a LCD panel repair unit in Bangalore.

With an investment of $2 million, the proposed unit will offer LCD repair services and after-market services (AMS) to consumers and electronics industry in India.

Initially, the unit will focus on LCD panel repair service for monitors and laptops. The scope of the repairing will later be expanded into cell phone and LCD television, the company said.

The JV would also help the high-end electronics manufacturers across the globe to outsource their repairs and services works to India, said R Jayakumar, Chairman, R&R Technology.

"India has the technical resources and skills to become a hub for repairs and refurbishment services. It is only a matter of time before global players start outsourcing repair work to India," he said.

The JV would help to offer the high-tech services within the country. Under the agreement, Sequel would provide R&R India with the technology to repair LCD panels and in return pick up a 9.25 per cent stake in the company.

Sequel's Managing Director David Chao said the partnership would help the company to maintain its leadership in the field of LCD repair.

"The JV with R&R in India would help us offer the high-tech services within the country. In future, we plan to offer integrated services including AMS, repair and return logistics to our global customers from India,'' he added.