Nirmal K Minda, Managing Director of NK Minda Group and Orazio Ragni, Vice President of Valeo Electrical Systems of France shaking hands during a signing agreement at a press conference in New Delhi on Tuesday,24 July 2007.Minda Group and Valeo Electricial Systems announce a joint venture agreement for the setting up a new plant at Pune to manufacture starter motors and alternators. The JV agreement envisages that 66.7%equity held by Valeo and 33.3% equity will be held by NK Mida Group.

Photographer: T. Amrutraj

Tags: MDVPAgreementSigningContractPress ConferenceMinda GroupAnnouncementJoint VentureBombayPhoto Stock