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Article: Japanese firm gets nod to form JV with Kailash Vahan Udyog.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- June 9, 2009
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Japanese firm gets nod to form JV with Kailash Vahan Udyog
New Delhi, June 9 (PTI) The Foreign Investment Promotion Board (FIPB) is understood to have approved a proposal from Japanese auto component maker ShinMaywa Industries Ltd to form a joint venture with Pune-based firm Kailash Vahan Udyog Ltd.
Highly placed sources said the FIPB has cleared the proposal at its meeting held recently and has recommended for a final approval by the Finance Ministry.
ShinMaywa Industries had sought permission to form a JV with the Indian firm to design, manufacture, sale and provide after sales service of the Japanese firm's special purpose truck products, ...