Voltas signs JV with Highly International to make inverter compressors in India

Voltas Ltd executed a joint venture agreement on April 30, 2022 with Highly International (Hong Kong) to manufacture inverter compressors, motors and parts in India. Highly International will hold 60 percent, and the JV will have Rs 250 crore of equity capital. Completion is subject to approvals including Press Note 3 clearance.

“to engage in the business of design, development, manufacture, marketing, sale and service of inverter compressors”business-standard.com

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• business-standard.comVoltas signs JV pact with Highly International to manufacture compressors | Company News - Business StandardMay 2, 2022

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