Now Reading: Novargi and Cerec Metalform form India manufacturing joint venture
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Novargi and Cerec Metalform form India manufacturing joint venture
Novargi and Cerec Metalform form India manufacturing joint venture
Spain-headquartered engineering and EPC company Novargi Group is entering a strategic joint venture with Indian manufacturer Cerec Metalform, Bar and Bench reports. The venture will establish a manufacturing platform in India for…
The Story in Brief
Spain-headquartered engineering and EPC company Novargi Group is entering a strategic joint venture with Indian manufacturer Cerec Metalform, Bar and Bench reports. The venture will establish a manufacturing platform in India for industrial equipment and related products.
Novargi specialises in modular process plants and industrial equipment for the energy and industrial sectors. Cerec Metalform brings manufacturing expertise, while Novargi contributes engineering and project execution capabilities. Kochhar & Co advised Novargi on Indian law, including transaction structuring, document negotiations and the legal and regulatory work for setting up the venture. The transaction was led by partner Ketan Mukhija, with support from Deepika Gautam and Vrinda Taneja.
The Indian Opinion
Claims that every foreign tie-up will quickly transform Indian manufacturing should be treated cautiously. The announcement confirms a joint venture and a planned manufacturing platform, but gives no investment value, production capacity, location or jobs figure. The practical test will be whether the partners disclose these details and begin actual production, rather than merely signing documents.
Source: barandbench.com
This story was synthesised by AI from the source linked above.
