Page 7 - Joint Ventures In India
India must invite component makers first before OEMs: R C Bhargava
Foreign investment will come readily if the supply chain already exists, says Maruti Suzuki chairman
 "India must invite component makers first before OEMs: R C Bhargava")
AM/NS India to invest Rs 273 crore on zero liquid discharge at Hazira
ArcelorMittal and Nippon Steel joint venture has announced that it was in the process of investing Rs 273 crore for zero liquid discharge, other environmental initiatives at its Hazira steel complex
 "AM/NS India to invest Rs 273 crore on zero liquid discharge at Hazira")
GMR airports joint venture starts operating Indonesia's Medan airport
GMR Group on Friday said its joint venture Angkasa Pura Aviasi has started operating the Kualanamu International Airport in Medan, Indonesia
 "GMR airports joint venture starts operating Indonesia's Medan airport")
HAL, Safran sign agreement to create JV to build helicopter engines
HAL and Safran's existing partnerships include the Shakti engine that can propel helicopters to altitudes above 20,000 ft where the Indian Army is deployed.
 "HAL, Safran sign agreement to create JV to build helicopter engines")
PSUs asked to route strategic divestment, minority stake sales via DIPAM
The process for strategic divestment will be through competitive bidding, while soon-to-be specified guidelines will have to be followed for shutting down units
 "PSUs asked to route strategic divestment, minority stake sales via DIPAM")
Reliance Brands signs JV to acquire 40% stake in toy maker Plastic Legno
Plastic Legno is owned by the Sunino group, which has been makings toys in Europe for over 25 years; started India ops in 2009 to develop a production hub for domestic and global markets
 "Reliance Brands signs JV to acquire 40% stake in toy maker Plastic Legno")
Reliance Brands to acquire 40% stake in Plastic Legno SPA's India toy biz
Plastic Legno SPA is owned by the Sunino group that boasts of more than 25 years of toy production experience in Europe
Paytm forms general insurance JV; to invest Rs 950 cr in 10 years
The proposal to set up joint venture firm Paytm General Insurance Limited (PGIL) was approved by the board on May 20, the company said in a regulatory filing.
 "Paytm forms general insurance JV; to invest Rs 950 cr in 10 years")
IIFL, Open Financial Technologies enter JV, launch neobank for MSMEs
Initial capital of JV Rs 120 crore; no technology capex as the same is being Offered by Open on a per-customer basis
 "IIFL, Open Financial Technologies enter JV, launch neobank for MSMEs")
Italy's Generali becomes majority shareholder in India Life JV
Generali is in the midst of a power struggle with rebel shareholders challenging the board's plan to retain Chief Executive Philippe Donnet for a new term
 "Italy's Generali becomes majority shareholder in India Life JV")
Future Consumer calls off joint venture with dairy firm Fonterra
Future Consumer, a part of Kishore Biyani-led Future Group, on Thursday said it has decided to terminate a joint venture pact with New Zealand's dairy firm Fonterra.
 "Future Consumer calls off joint venture with dairy firm Fonterra")
ACME and Norway-based Scatec to develop green ammonia in Oman
The facility will be located in the Duqm Special Economic Zone of Oman.
 "ACME and Norway-based Scatec to develop green ammonia in Oman")
Canada's CPPIB to invest Rs 2,650 crore in JV with realty firm RMZ Corp
RMZ owns and operates a real asset portfolio of 67 million square feet, and are poised to grow to 350 million square feet of assets by 2032
 "Canada's CPPIB to invest Rs 2,650 crore in JV with realty firm RMZ Corp")
Dixon forms JV with Japan's Rexxam to manufacture printed circuit boards
Dixon Devices, the joint venture company, will be 40 per cent owned by Dixon and the rest 60 per cent by Rexxam
 "Dixon forms JV with Japan's Rexxam to manufacture printed circuit boards")
Amazon likely to face regulatory challenges to buy Catamaran JV
On August 09, 2021, the partners had announced their decision to not continue the JV beyond the end of its current term in May 2022
 "Amazon likely to face regulatory challenges to buy Catamaran JV")
Jindal SAW to set up precision machine shop in JV with Hunting Energy
Jindal SAW would hold 51 per cent stake in the JV, while Hunting Energy will own the remaining 49 per cent
Reliance Industries, TA'ZIZ in $2-bn JV for chemical production partnership
According to RIL executives, the equity structure of TA'ZIZ EDC & PVC has not been finalised yet
 "Reliance Industries, TA'ZIZ in $2-bn JV for chemical production partnership")
Eris Lifesciences forms JV with MJ Biopharm to enter insulin segment
Eris MJ Biopharm, the 70:30 joint venture (with Eris holding a 70 per cent stake), would primarily engage in marketing and distribution of human and analogue insulin
 "Eris Lifesciences forms JV with MJ Biopharm to enter insulin segment")
Suzuki, Denso and Toshiba's lithium-ion JV unit to go on stream by year-end
Development brings Suzuki's India arm, Maruti Suzuki closer to the plans of introducing new tech vehicles, including hybrid and battery electric vehicles by 2025
 "Suzuki, Denso and Toshiba's lithium-ion JV unit to go on stream by year-end")
Puravankara hits pause button on warehousing JV with Morgan Stanley
Morgan Stanley is scouting for deals, signing JVs in warehousing
 "Puravankara hits pause button on warehousing JV with Morgan Stanley")