Spectator on facebook

Spectator on facebook

Slovak business to open joint venture in India

A joint Slovak venture, Way Industries owned by Ľudovít Černák, Peter Gabalec and Martin Kvietik, plans to open a facility for production of loading-machines for the construction industry in India, the Hospodárske noviny economic daily (HN) wrote on August 9.

A joint Slovak venture, Way Industries owned by Ľudovít Černák, Peter Gabalec and Martin Kvietik, plans to open a facility for production of loading-machines for the construction industry in India, the Hospodárske noviny economic daily (HN) wrote on August 9.

The investment would not involve any initial financing in its first phase as the Slovak company has partners in India and Way Industries would deliver only know-how. The required technologies will be secured by Indian partners, Černák told HN.

The principals in Way Industries represent two Slovak business giants, Slavia Capital and Sitno Holding. Igor Mesenský, head of an advisory company, opined to HN that this form of enterprise was chosen due to current Indian legislation which prefers that at least part of products sold on the domestic market should be manufactured in India.

Source: Hospodárske noviny

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

Crematorium in Bratislava is an architectural revelation Photo

Those who have experienced farewells in other crematoria know what makes it special. Now the best work by the architect Ferdinand Milučký is getting a monograph

Crematorium in Bratislava by architect Ferdinand Milučký

What kind of expectations do some Slovaks have for world leaders?

Among EU member states, opinions of the United States declined in all but two — Poland (which makes some sense) and Slovakia (which does not).

Donald Trump

Crates and boxes. Slovaks discover new ways of grocery shopping

Farmer’s boxes are gaining customers in Slovakia as people slowly become more conscious about quality and the origin of the food they eat.

Foreigners: Top 10 events in Bratislava Video

Tips for the top 10 events in the capital between January 19 and January 28, plus regular services in different languages, training, temporary exhibitions and highlights of the year.

Scandi 4