Polysindo enters India

Mon, 08 Sep 1997 | Source: REUTERS

NEW DELHI (Reuter): The Indian government said on Friday it had approved a 605.5 million rupee ($US16.6 million) investment by Polysindo Hong Kong Ltd., an affiliate of Indonesia's Polysindo Eka Perkasa, in a fully-owned unit.

The government statement said the Indian unit would execute turnkey contracts in the areas of transmission and industrial electrification. It gave no further details.

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