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Autolite, Chinese co JV to invest Rs 100cr

Industry Engineering

Autolite (India) is planning an engineering unit in Jaipur, Rajashtan. It has signed a MoU with China's Jinway Import & Export Co Ltd to set up a 50:50 joint venture company for producing high-tech capital goods like fire plasma surface treatment machine, robotic IR, UV curing coating line, clean room systems, laser-based and ultrasonic welding machines. The company is in talks with the Rajasthan state government for land allotment. Approximate cost of the unit is around Rs.100 crores.

Extracted from TOI, May 26,’15

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