# Kusumgar and Certoplast sign term sheet for Indian tape JV

India's Kusumgar Ltd signed a non-binding term sheet with Germany's Certoplast Holding GmbH to form a joint venture manufacturing tapes in India, with Kusumgar holding a 50.1% stake and Certoplast 49.9%. Definitive agreements and regulatory approvals are pending.

- Type: Partnership
- Announced: 2026-11-05
- Where: India, India
- Status: announced
- Products: tape
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Kusumgar](https://endata.com/companies/78903.md) (partner)
- [Certoplast Holding GmbH](https://endata.com/companies/94854.md) (partner)

## Sources

- [packagingnewsdaily.com](https://packagingnewsdaily.com/stories/kusumgar-signs-tape-joint-venture-with-germany-s-certoplast-2026-11-05), 2026-11-05: "Kusumgar to hold 50.1% of the new JV, Certoplast Holding GmbH 49.9%"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.