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

Námestie Slobody gets facelift Photo

The architectural tender will gather ideas for the redesign of the biggest square in Bratislava

Námestie Slobody will be redesigned into a kind of living room in the city.

When the state can’t keep a secret

A selective leak has tarnished President Kiska’s reputation. But he must continue to speak out about corruption.

President Andrej Kiska

Fundamental values explored at Divadelná Nitra 2017

This time round, the Slovak, European and US ensembles at the theatre festival focus on #fundamentals, i.e. basic values and the essence of all things.

Nature Theatre of Oklahoma: Pursuit of Happiness

Foreign rocket engines for North Korea: Why?

For Russia, the path to a weakened China could be through a major nuclear accident in North Korea.