March 30, 2018 / 12:16 PM / a month ago

BRIEF-India's Fiem Industries Signs JV With Aisan Industry Co Ltd, Japan

March 30 (Reuters) - Fiem Industries Ltd:

* SIGNED JV WITH AISAN INDUSTRY CO LTD, JAPAN

* JV FOR MANUFACTURE OF FUEL INJECTION SYSTEM, IC CONNECTOR FOR TWO-WHEELERS, THREE-WHEELERS FOR INDIAN MARKET

* SAYS INITIAL SHARE CAPITAL OF JV CO IS PROPOSED 1 BILLION RUPEES

* SHAREHOLDING OF CO IN JV TO BE 26 PERCENT AND AISAN INDUSTRY CO WILL BE AT LEAST 69 PERCENT

* FACTORY OF JV TO BE IN RAJASTHAN Source text - bit.ly/2E6StaH Further company coverage:

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