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Syrma SGS Technology shares jump 5% after JV pact with Japan’s Kaga Electronics
Syrma SGS Technology's shares jumped nearly 5% after announcing a significant joint venture with Japan's Kaga Electronics. This collaboration aims to establish a cutting-edge manufacturing facility in India, primarily serving Japanese clients and bolstering Syrma's presence in high-value electronics. The partnership, with Syrma holding a 60% stake, is seen as a strategic move to capitalize on global supply chain diversification and India's growing appeal for Japanese manufacturing expansion.
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economictimes.indiatimes.com
Timeline cronologica
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Syrma SGS, Kaga Electronics to form manufacturing JV with focus on Japanese clients
Syrma SGS will hold a 60 per cent stake in the joint venture company (JVCo), and the rest will be held by the Indian arm of Japanese firm Kaga Electronics.
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Syrma SGS Technology shares jump 5% after JV pact with Japan’s Kaga Electronics
Syrma SGS Technology's shares jumped nearly 5% after announcing a significant joint venture with Japan's Kaga Electronics. This collaboration aims to establish a cutting-edge…