Joint Venture15 Oct 2024, 08:16 pm
Amber Enterprises India Ltd Forms Joint Venture with Korea Circuit Co. Ltd for PCB Manufacturing in India
AI Summary
Amber Enterprises India Ltd, through its material subsidiary ILJIN Electronics (India) Private Limited, has entered into a joint venture agreement with Korea Circuit Co. Ltd (KCC) to form a Joint Venture Company (JVC) in India. The JVC will carry on the business of production, manufacturing, assembling and selling of HDI, Flex, and Semiconductor Substrates PCBs. The JVC will be 70% owned by ILJIN and 30% owned by KCC. This joint venture aims to bring world leading manufacturing excellence of PCBs into India, aligning with the 'Aatmanirbhar Bharat' vision of the Government of India.
Key Highlights
- Amber Enterprises India Ltd forms a joint venture with Korea Circuit Co. Ltd for PCB manufacturing in India.
- The joint venture will carry on the business of production, manufacturing, assembling and selling of HDI, Flex, and Semiconductor Substrates PCBs.
- The JVC will be 70% owned by ILJIN and 30% owned by KCC.
- This joint venture aims to bring world leading manufacturing excellence of PCBs into India.
- The joint venture aligns with the 'Aatmanirbhar Bharat' vision of the Government of India.