Tadano and Escorts form joint venture to manufacture cranes in India

Japan's Tadano Ltd and India's Escorts Ltd formed a joint venture in August 2018 to manufacture high-capacity mobile cranes in India. Tadano holds 51% and Escorts 49%, with an initial investment of INR 60 crore (approx. USD 8.5 million). Production is expected to commence at Faridabad, Haryana in Q3 2018.

“Japan’s Tadano Ltd entered a joint venture with India’s leading engineering conglomerate, Escorts Ltd in August 2018 to manufacture high capacity mobiles cranes in India.”cranepedia.com

• 1 source
• cranepedia.comTadano ties up with India's Escorts to manufacture high capacity cranes | %%primary_category%% | CranepediaJeffreyNov 26, 2018

Summarized from public sources; check the original articles before acting on it.