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South Africa : GPI, TELLUMAT enter manufacturing partnership [TendersInfo (India)](TendersInfo (India) Via Acquire Media NewsEdge) JSE-listed investment and empowerment group Grand Parade Investments (GPI) has announced a production partnership with Cape Town's electronics maker Tellumat. Under the deal, GPI will own 51% of the partnership firm Grand Tellumat Manufacturing, while Tellumat will hold the balance of 49%. The newly established company seeks to position itself as the producer of choice for electronic and allied technology products designated as requiring minimum levels of domestic content to qualify for procurement by state departments and local infrastructure projects. The partners expect the government's localisation plan to generate more local production opportunities and accelerate job creation. (c) 2014 Euclid Infotech Pvt. Ltd. Provided by SyndiGate Media Inc. (Syndigate.info). [ Back To TMCnet.com's Homepage ] |