Coimbatore: Distribution and supply chain solution company Gati Ltd has tied up with Kintetsu World Express (KWE) of Japan to form Gati-Kintetsu Express Pvt Ltd (Gati-KWE).
While Gati would hold 70 per cent stake in the joint venture, the Japanese partner would hold the rest.
Kintetsu World Express has invested Rs 267.7 crore for its 30 per cent stake, which has been approved by the Foreign Investment Promotion Board (FIPB).
Gati said the fund infusion would improve its balance sheet and help reduce the interest outgo.
It hopes that the joint venture would enable “seamless transfer’’ for cross border trade through single window solution to its clients such as Texas Instruments, HP, Panasonic and Toshiba.
"Believer - Humanitarian - Habit of Success" Sukumar Balakrishnan is the Founder of JB GROUP, a 500 Crore National Organization with over 150 Direct & 1200 indirect professionals operating from 5 major cities in India. Jayalakshmi Balakrishnan Group, a multi-faceted group venturing into, E- Commerce and Import-Export (INNOKAIZ), Retail and Wholesale (JB MART), Food and Beverages (KRISHNA FOODS ), Real Estate (Constructions on sites, Interior scaping, Facility Management)
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Showing posts with label Texas Instruments. Show all posts
Showing posts with label Texas Instruments. Show all posts
Tuesday, July 3, 2012
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