Fluidomat has received approval from ICICI Bank for making investment of GBP 17500 (Rs 16.30 lakhs approximately) in its wholly owned subsidiary -- Fluidomat UK. Now the company can remit the aforesaid fund as a part of share subscription and due to which the WOS can commence its business.
Fluidomat manufactures a wide range of fixed speed and variable speed fluid couplings for industrial and automotive drives.