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Videocon to form JV with Mitsui and Hitachi Jul 16, 2008 |
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Videocon is planning to sign joint venture deal with Japanese majors Mitsui and Hitachi that will begin in the 3Q 2008. Under the joint venture, Videocon will set up logistics for supporting its retail operations
In the JV, Mitsui will have a major partner role, and Hitachi will hold a minority stake.
The venture will not only provide back-end support for Videocon`s retail businesses Next, Bolld, Planet M and its appliance business, but it will also cater to external clients.