For manufacturing and sale of vacuum products in India
Elgi Equipments has signed a technical licensing agreement with D.V.P. Vacuum Technology S.P.A., (DVP) Italy, on 15 February 2024, to acquire from DVP the know-how, technical information and assistance to assemble, manufacture and sell the Vacuum Products in India, and outside India at relevant time with consent of DVP.DVP provides an exclusive, non-transferable right to the Company to manufacture and sell the Vacuum Products in India. Vacuum Products comprise of oil-free and oil-lubricated rotary vane type Vacuum Pumps with possibility to add other types in due course, with mutual consent.
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