Loan for Building Factory of Transmission Belts for Automobiles and Motor Scooters
Supporting Expansion of Market Share for Japanese Companies in India’s Automobile Market
- Area: Asia
- Manufacturing and Services
JBIC signed a loan agreement supporting to build a factory in Bangalore for manufacturing of transmission belts for automobiles and motor scooters with Bando (India) Private Ltd., a subsidiary established by Bando Chemical Industries Ltd.(BANDO)In India, the automobile and motor scooter market is expected to grow with an increasing large middle class population and BANDO plans to expand its clients base and market share in the Indian market.