This article was published on TOI – September 28, 2024
Kolkata: Stationery products manufacturer Linc Ltd has formed a joint venture with Mitsubishi Pencil Company, Japan. In the JV, Mitsubishi would have 51% stake.
Linc said the JV aims to introduce advanced Japanese technology to the Indian market, driving the production of high-quality yet affordable writing instruments, tailored specifically for Indian consumers.
Linc MD Deepak Jalan pointed out that the factory of this JV would be in Japanese Industrial park near Ahmedabad and the initial investment would be of Rs 20 crore. Jalan said: “We are excited to strengthen our long-term partnership with Mitsubishi Pencil Company.”tnn