KOLKATA: Electrical switchmaker GreatWhite Global
(GWG) on Friday said it has entered into a strategic partnership with
Italy-based electrical accessories and automation maker Vimar to
manufacture part of their product portfolio in India.
Under the partnership agreement, GWG will manufacture two premium product lines in electrical accessories in its plants in Maharashtra and Uttar Pradesh as well as manage the marketing and sales of the Italian firm in India. The foreign company will also have access to Indian customers and dealer network of its Indian partner.
"The partnership doesn't involve transfer of equity or holdings. While Vimar will give us technology and train our staff to global technology manufacturing and standards, we will manufacture products for them," GWG president Kailash Didwania told media persons here. (The Times of India).
Under the partnership agreement, GWG will manufacture two premium product lines in electrical accessories in its plants in Maharashtra and Uttar Pradesh as well as manage the marketing and sales of the Italian firm in India. The foreign company will also have access to Indian customers and dealer network of its Indian partner.
"The partnership doesn't involve transfer of equity or holdings. While Vimar will give us technology and train our staff to global technology manufacturing and standards, we will manufacture products for them," GWG president Kailash Didwania told media persons here. (The Times of India).
