29. April 2019 | News, Views & Markets
Karl Mayer: Joint Venture in India
The machine manufacturer form Obertshausen/Germany is the majority shareholder and takes responsibility for the management of the new company. The Indian Limited will focus mainly on the manufacturing and sale of warp preparation machines and creels mainly for Indian market, as well as service and spare parts sale for warp preparation and warp knitting machines.
By means of the newly founded entity, the joint venture partners aim to enhance their position and distribution in the Indian market. Moreover, it is intended to make good use of the existing competencies and synergies, especially in terms of purchasing and customer service.