Indian lighting manufacturer Havells teamed up with Shanghai Yaming to establish a joint venture in China

Indian lighting products manufacturer Havells India Ltd. has announced that it has reached an agreement with Shanghai Yaming Bulb Factory Co., Ltd., the two parties will set up a joint venture in China, Jiangsu Havells Sylvania Lighting Co., each holding 50% of the shares.

It is reported that the joint venture will invest about 50 million US dollars to establish a lighting production plant in China. Havels Managing Director Anil Gupta expects the joint venture's annual sales to reach around $100 million over the next three years.

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