Joint Venture27 Nov 2024, 04:15 pm
Suprajit Engineering Limited Signs MoU with Chuo Spring Company Limited for a 50:50 Joint Venture in India
AI Summary
Suprajit Engineering Limited, India (SEL) has announced the signing of a Memorandum of Understanding (MoU) with Chuo Spring Company Limited, Japan (Chuo). The collaboration includes a 50:50 joint venture (JV) in India to design, manufacture, and supply transmission cables, and a Technical Assistance (TA) agreement. The JV and TA will first focus on delivering projects for India’s two leading Japanese PV OEMs. This collaboration brings together two globally recognized cable suppliers, extending the reach of Chuo’s special Transmission cable technology to India and supporting Suprajit’s global OEM customers. The JV further expands SEL’s product range to key Japanese customers and the transmission cable market.
Key Highlights
- Suprajit Engineering Limited, India (SEL) and Chuo Spring Company Limited, Japan (Chuo) sign MoU for a 50:50 joint venture in India.
- The JV and TA will focus on delivering projects for India’s two leading Japanese PV OEMs.
- The collaboration extends the reach of Chuo’s special Transmission cable technology to India.
- This JV supports Suprajit’s global OEM customers and expands SEL’s product range to key Japanese customers.
- Chuo is a leading Japanese transmission cable maker with a global footprint and consolidated revenue of 675 million USD.