Under this agreement, the companies have announced an investment of Rs 20 crores.
August 28, 2019
Component manufacturer Elconconnectors Cables has signed a joint venture with Indonesia’s PT Banshu Group and PT Askara Internal to manufacture wiring harness in India.
As per the media reports, the companies have announced an investment of Rs 20 crores to construct a 45,000 sq ft manufacturing facility in Greater Noida. The facility will also house an extensive research and development center.
The new company will be called Elcon Banshu Wiring System (EBWS) and shall manufacture customized wiring harness for all automotive OEMs.
Vishal Sharma, Managing Director, Elconconnectors Cables said, “Our focus to establish EBWS as quality supplier as per BS6 standard and contribute to OEMs as an engineering partner. It is a matter of pride that PT Banshu Group and PT Askara Internal have partnered with us to supply high-quality Wiring Harness to the Indian market.”
The company will deliver environment friendly solutions, meeting the upcoming emission regulation norms and address the menace of pollution, which is a concern in India.
Deddy Harsono, Owner & Director, Banshu Indonesia said “Owing to the Bharat stage VI emission regulations, which will come into force by 2020 and become mandatory, there will be a significant potential and opportunity for wiring harness manufacturers who can supply quality products. Banshu has more than 20 years of experience and has a team of engineering experts working dedicatedly on developing the technology for wiring harness for over a decade and we have found mutual growth opportunities.”