Remsons Industries has entered into a Technical License Agreement with a foreign Company for manufacture of specific purpose cables to be used in Auto Industry. Under this agreement, the foreign company will provide technical know-how to the Company for manufacture of the said specific purpose cables for a period of five years.
The Company will make a lump sum payment and royalty at certain per cent on sale proceeds for the technical know-how to be provided by them. This technical License Agreement will certainly provide an edge in the manufacture of those specific purpose cables by the Company.
Remsons Industries is engaged in the manufacture of cables, flexible shafts, gear shift systems, push pull cables and park brake mechanisms. The company’s manufacturing units are located at Kandivli, Gurgaon and Daman.
| Company Name | CMP |
|---|---|
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| Tube Investments | 2789.65 |
| Bosch | 37505.60 |
| UNO Minda | 1097.30 |
| CIE Automotive India | 490.15 |
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