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KARL MAYER entered into a joint venture with Rabatex Industries and A.T.E. Group to form KARL MAYER Textile Machinery India Private Limited, majority owned by KARL MAYER, to enhance distribution in the Indian textile machinery market.
“The joint venture aims to enhance the position and distribution in the Indian market for each of the joint venture partners.”nishithdesai.com
Summarized from public sources; check the original articles before acting on it.