UPDATE 1-Amtek, Belgium's VCST to invest 800 mln rupees in JV

Newswire

(Adds details, quotes) MUMBAI, March 30 (Reuters) - Auto parts maker Amtek Auto Ltd. said on Friday it had entered into an equal joint venture with Belgium's VCST Industrial Products to set up a powertrain component unit near Pune in western India. In the first phase, the partners will invest up to 800 million rupees to set up an initial capacity of 1.5 million components, entirely for exports, a company spokesman said. "The joint venture is part of a strategy to access technology that ...

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