Samvardhana Motherson International (SAMIL) has signed Memorandum of Understanding (MoU) with Ministry of Investment, Kingdom of Saudi Arabia (MISA), which aims to identify investment development opportunities for industrial and service activities in the Kingdom of Saudi Arabia (KSA).
The MoU encourages joint cooperation by SAMIL and MISA in the development of automotive parts industry in the Kingdom of Saudi Arabia (KSA). Both partners will also explore the investment opportunities in other industrial sectors as well. Ministry of Investment, Kingdom of Saudi Arabia (MISA) is responsible for the investment affairs in Kingdom of Saudi Arabia. Under the scope of this MoU, MISA will provide necessary support to Motherson to identify potential areas of investments in the KSA.
Samvardhana Motherson International (formerly Motherson Sumi Systems) is one of the leading manufacturer of automotive wiring harnesses, mirrors for passenger cars and a leading supplier of plastic components and modules to the automotive industry.
