MOLEX TO INVEST $5-7 MILLION IN ITS INDIAN OPERATIONS

Article Abstract:

Molex (India) Ltd, a 100 percent subsidiary of the world's second largest connector company, Molex Inc of the US, plans to invest $5-7 million in domestic operations in the next 2-3 years. It has recently acquired a 51 percent stake in Mafatlal Micron and incorporated it as a separate joint venture called Molex Mafatlal Micron Ltd. Molex has decided to concentrate on three segments in India - consumer electronics, structured cabling and telecommunications. (khr)

Comment:

Molex (India) Ltd, a 100 percent subsidiary of the world's second largest connector company, Molex Inc of the US, plans to invest $5-7 million in domestic operations in the next 2-3 years.

United States, Acquisitions & mergers, Electronic Connector Manufacturing, Connectors NEC, Electronic connectors, Molex Ltd

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MoF SETS $1-BN CAP ON VIDESHI-AIDED RE LOANS

Article Abstract:

The ceiling on rupee loans got with the help of foreign companies has been raised to $1 billion by the Finance Ministry of the Government of India. This move is aimed at enabling the Indian companies to mobilise loans from local sources in a flexible manner. The companies opting for this structure will not be able to raise funds through syndicated loans. These companies will have to issue bonds to the lenders. (ag)

Commercial Banking, Commodity & service prices, Business Financing

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