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INDIA: GERMANY'S THYSSENKRUPP PLANS TO ENTER INDIAN MARKET.
IPR Strategic Business Information Database, June, 2002
Thyssenkrupp Elevator AG, the German company which manufactures and markets elevators, has announced that it may start joint venture operations in India with ECE Ltd with an initial investment of approximately 250 million rupees (US$5.1 million). The company has already established a joint venture company called Thyssenkrupp ECE Elevator Pvt Ltd, in which ECE Ltd will hold a 9% stake, according to the Deccan Herald.
-(EMEconomy.com)
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