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Japan's Fuji Electric Forms JV With Gemco To Power India Operations

Japanese electric major Fuji Electric on Tuesday formed a joint venture with Faridabad-based Gemco Controls - a leading manufacturer of industrial automation and power control systems, as part of its plans to expand business operations in India.

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Fuji Electric expands business operations in India; announces JV with Gemco Controls

The JV has been established by the company with the aim of expanding its business operations in India. Fuji Electric invested approximately USD 200mn to expand outside Japan business from 2013 to 2015 and one of the investments is Fuji Gemco.

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Fuji Electric Forms Joint Venture With Gemco to Expand In Indian Markets

The JV establishes a new company in India - "Fuji Gemco Pvt.Ltd" with Fuji electric having a 51 per cent stake

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