Asian trio form joint venture to set up steel service centre in India

India’s Mahindra Intertrade has entered a joint venture to set up an automotive steel service centre at Chakan in the western Indian state of Maharashtra, the company announced on Tuesday November 26.

The Indian company will hold 51% while its joint-venture partners, China Steel Global Trading of Taiwan and Mitsui & Co (Asia Pacific) of Singapore, will each hold 24.5%. Chakan is...


Suresh Nair

November 26, 2013

18:21 GMT