Subros joins hands with Denso

The leading air-conditioning system maker in the country, Subros has recently join hands with the Japanese firm Denso with an aim to set up a research and development centre on the Indian turf by September this year.

According to the announced terms of the deal, the domestic component maker will hold a 26% stake in the JV while the rest of the stake will be with the Japanese partner. Subros Chairman Ramesh Suri recently said that it is the first time that Denso has given a go ahead to form an R&D centre within a JV agreement.