Joint Ventures In India

Vivo-Dixon venture signals a pragmatic shift in China investment policy

The initial move in 2020 to shut off all Chinese investment followed the clashes on the Line of Actual Control in the Himalayas

SAIL, Indonesia's Krakatau Steel eye up to 1 MT stainless steel project

SAIL and Indonesia-based PT Krakatau Steel, which have signed an MoU to set up a joint venture, are exploring a stainless steel project with a capacity of 500,000 tonnes to 1 million tonnes under the proposed JV, a source with direct knowledge of the plans said. Earlier this week, the steel PSU and the Indonesian entity signed a memorandum of understanding to explore a joint venture to manufacture stainless steel slabs to meet the commodity's increasing demand in India. "SAIL and PT Krakatau Steel would explore setting up a stainless steel project. It can be of 0.5 million tonnes (MT) capacity, or it can also be of 1 MT. But that will be discussed after the formation of a joint venture," the source said. If the JV is formed, the slabs will be produced in Indonesia and supplied to SAIL's Salem Steel Plant (SSP) in Andhra Pradesh, which specialises in the production of austenitic, ferritic, martensitic and low-nickel stainless steels, catering to diverse sectors including nuclear, ...

Nuvama, C&W JV fund achieves final close of ₹4k cr, eyes office investments

Nuvama and Cushman & Wakefield's Prime Offices Fund has achieved a final close of Rs 4,000 crore after strong investor demand and has already committed about 45% of its capital

Air India, SIAEC to set up maintenance, repair and overhaul JV in India

SIAEC is part of the Singapore Airlines Group, which holds a 25.1 per cent stake in Air India

ACME JV secures subsidy from Japan for green ammonia project in Odisha

ACME Group and IHI Corporation's joint venture has secured support under Japan's price gap subsidy programme, boosting the bankability of its 405,000-tonne green ammonia project in Odisha

Gadkari calls for JVs with US companies to leverage their new tech

Union Minister Nitin Gadkari on Thursday made a case for Indian companies forming joint ventures with US companies to leverage their new technologies. Addressing AMCHAM's Annual Leadership Summit, Gadkari further said Ministry of Road Transport and Highways is exploring possibilities of taking help of US consultancy companies in preparation of detailed project report (DPR) for road projects. "India is the fastest growing major economy... the US companies develop lots of new technologies, so it is very important for Indian companies to have joint venture with US companies," he said. Noting that supply chain is the most important part in logistics, Gadkari said logistics cost in India has come down to single digit helped by rapid expansion of expressways and economic corridors. Gadkari further said six months ago, a report prepared by IIT Chennai, IIT Kanpur and IIM Bangalore revealed that India's construction of expressways and economic corridors has helped reduce the country's ...

Johnson Lifts acquires majority stake in Toshiba JV, boosts India presence

Johnson Lifts raises stake to over 80% in Toshiba JV, aiming to strengthen its position in India's premium elevator and escalator market with enhanced growth prospects

JSW Steel to sign JV with JFE Steel for Odisha plant expansion on April 24

JSW Steel is set to form a 50:50 joint venture with Japan's JFE Steel for a Rs 32,000 crore expansion of Bhushan Power and Steel in Odisha

Cabot Sanmar to boost silica output with Rs 220 cr Mettur plant expansion

JV between Cabot Corporation and Sanmar Group to expand Mettur facility, boosting domestic supply of fumed silica for pharmaceuticals, coatings and specialty chemicals sectors

Signature Global, RMZ Group form JV for ₹1,283 crore mixed-use project

Realty firm Signature Global has formed an equal joint venture with RMZ Group to develop a mixed-use project in Gurugram, with the Bengaluru-based firm investing Rs 1,283 crore. In a regulatory filing, Signature Global said it has formed a joint venture with RMZ to develop a mixed-use project, comprising office buildings, hotels, and retail spaces on the Southern Peripheral Road (SPR) in Gurugram. Under the agreement, Signature Global and RMZ will form a 50:50 joint venture. RMZ has committed an investment of Rs 1,283 crore to acquire a 50 per cent equity stake in the project, the filing said. As part of the transaction, Gurugram Commercity Ltd (GCL), a wholly-owned subsidiary of Signature Global, and Millennia Realtors, an RMZ entity, have entered into a Securities Subscription and Purchase Agreement (SSPA). Under the SSPA, RMZ will acquire a 50 per cent equity stake in GCL through a combination of share purchase and share subscription, for an aggregate consideration of up to Rs

Dixon Technologies valuation reflects headwinds amid demand slowdown

Despite muted Q3 performance, higher input costs and uncertainty over the Vivo joint venture, Dixon Technologies' valuation factors in multiple headwinds, with brokerages divided on outlook

Stellantis-Tata Motors JV turns 20, signs new MoU for collaboration

Stellantis and Tata Motors Passenger Vehicles marked 20 years of their joint venture by signing a fresh MoU to explore deeper collaboration across manufacturing, engineering and supply chains

Mahindra Lifespaces and Japan's Mitsui Fudosan announce long-term JV

Mahindra Lifespace Developers has entered into a long-term joint venture with Japan's Mitsui Fudosan Group, with a premium residential project in Bengaluru as the first development

ATGC Biotech, Israel's Luxembourg Industries form Semiophore crop-tech JV

The JV plans to commercialise 18 semiochemical and pheromone technologies developed by ATGC Biotech in multiple international markets, including Israel, Brazil, Australia and countries in Africa

M&M, Manulife to form life insurance JV with ₹7,200 crore investment

Each partner commits to invest Rs 1,250 cr in the first five years of new venture

Mahindra, Manulife to set up 50:50 JV for life insurance in India

The JV aims to offer long-term savings and protection solutions tailored to the diverse and growing needs of India's population, in line with India's 'insurance for all' vision by 2047

Ester-Loop JV signs pact with Nike for supply of sustainable material

Ester Loop Infinite Technologies, a joint venture of Ester Industries and Canada-based Loop Industries, on Monday announced that it will supply sustainable materials to athletic footwear and apparel brand Nike as part of a multi-year agreement. Under the agreement, Loop will supply Twist, its virgin-quality circular polyester resin made exclusively from textile waste, establishing Nike as the anchor customer for the Infinite Loop India manufacturing facility which is being constructed in partnership with Ester Industries, a statement said. "Nike has signed on as the anchor customer for the Infinite Loop India manufacturing facility multi-year offtake agreement secures supply of Twist, Loop's branded, virgin-quality polyester resin made exclusively from textile waste," it said. Loop's Twist resin, a verifiable textile-to-textile solution, will be used to reduce the usage of virgin and recycled flake polyester across Nike's product lines. "Our agreement with Loop Industries marks a .

Reliance, Meta announce AI joint venture in India, to invest ₹855 crore

Reliance Intelligence will own 70 per cent and Facebook 30 per cent in the new AI venture, with both firms together investing about ₹855 crore to develop and expand enterprise AI services in India

IHCL, Ambuja Neotia plan joint hospitality investments beyond Bengal

Leading hotel chain Indian Hotels Company Limited (IHCL) and Kolkata's Ambuja Neotia Group are exploring the possibility of expanding their strategic partnership beyond management contracts into joint investments in hospitality projects, senior executives from both companies said on Friday. The development marks a deepening of their existing relationship, with IHCL currently managing six of Ambuja Neotia's properties and another 7-8 in the pipeline across various locations. In July, IHCL had announced the signing of an additional 15 hotels with the group, slated for development over the next three years. IHCL Managing Director and Chief Executive Officer Puneet Chhatwal said the company is looking at joint investment opportunities with Ambuja Neotia Group. He noted that while the group's preference has traditionally been West Bengal, it is now showing readiness to explore projects in neighbouring regions. He added that IHCL has several projects available for collaboration if the grou

Aavishkaar Group, Jamwant launch Rs 500-cr fund for defence, deep tech

Aavishkaar Group and Jamwant Ventures have launched a Rs 500-crore fund to invest in defence and deep-tech startups, targeting 15-25 companies at seed and Series A stages