Skipper Ltd., a listed company, has signed an equal joint venture agreement with Israel-based Metzerplas, to set up a unit to make micro irrigation equipment in India. The company, which is into the business of transmission towers, poles and PVC pipes, has entered into an agreement to form Skipper–Metzer India LLP as a 50-50 joint venture. The initial investment would be $8 million. The JV will leverage Metzerplas’s global portfolio of brands and expertise in advanced plastic and irrigation technologies. Skipper will offer its manufacturing capabilities to help the JV tap India and other SAARC countries.
Skipper inks JV pact with Israeli firm to set up micro irrigation unit
Date posted: Thursday 1 March 2018