BUSINESS

Lanner forms JV with Taiwan firm

MUMBAI DEC. 4. D-Link India Ltd's subsidiary, Lanner Electronics India Ltd, has entered into a joint venture with Mercuries Data Systems (MDS) of Taiwan to manufacture and sell a range of Automated Teller Machines (ATM) in India.

The companies have also formed a new joint venture firm, Mercury Link Systems Ltd, which would manufacture ATMs at D-Link's Goa facility. Mercury Link would also planning to infuse an additional investment of Rs. 5 crores in the Goa facility and expects to manufacture and sell around 10,000 ATMs per year, he said. — PTI

Recommended for you