Skipper Ltd has signed an joint venture agreement with Israel-based Metzerplas, to set up a unit to make micro irrigation equipment in India. The company, which is into the business of transmission towers, poles and PVC pipes, said that it had entered into an agreement to form Skipper–Metzer India LLP as a 50-50 joint venture. The initial investment would be $8 million. The JV will leverage Metzerplas’s global portfolio of brands and expertise in advanced plastic and irrigation technologies. Skipper will offer its manufacturing capabilities to help the JV tap India and other SAARC countries. The first unit of this venture will come up near Hyderabad with an annual capacity of 100 million metres. The unit will be ready by September 2018.
Company Profile : Skipper Ltd
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