# Kusumgar and Certoplast Holding GmbH propose joint venture for tape manufacturing in India

Kusumgar Corporates Ltd's board approved a non-binding term sheet with Certoplast Holding GmbH to set up a joint venture in India for manufacturing tapes. The agreement is subject to definitive agreements and approvals.

- Type: Partnership
- Announced: 2026-11-05
- Where: India, India
- Status: announced
- Products: tapes
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Certoplast Holding GmbH](https://endata.com/companies/94854.md) (partner)
- [Kusumgar Corporates Ltd](https://endata.com/companies/95019.md) (partner)

## Sources

- [crisp.scoutquest.in](https://crisp.scoutquest.in/kusumgar/board-approves-non-binding-term-sheet-for-proposed-joint-venture-with-c0b7fm19), 2026-11-05: "The board approved the execution of a non-binding term sheet with Certoplast Holding GmbH for setting up a joint venture in India for manufacturing of tapes."

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