Saraswati Industrial Syndicate is proposing to set up a Joint Venture Company (JVC) along with Hitachi Zosen Corporation, Japan, and the discussions are underway. The shareholding pattern is likely to be 51:49 between the company and Hitachi Zosen Corporation.
The JVC will use the manufacturing facilities owned by the Company at Dahej to manufacture large capacity Pressure Vessels.
Saraswati Industrial Syndicate manufactures bars and rods, metal, machine tool parts and accessories, steel and sugar products. The company's principal activity is to manufacture engineering equipments. It operates in two segments: Engineering and Sugar.
