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Banswara Syntex forms 50:50 JV with French Treves

07
Jun '12
Banswara Syntex Ltd has informed that the company has entered into Joint Venture Agreement with Treves S.A., France with 50:50 Equity Shareholding and incorporated a Special purpose vehicle (SPV) to be known as Treves Banswara Pvt Ltd.

This new J.V. Company will produce laminated knitted and woven textile for internal furnishing of Trains, Buses and other automobiles.

Banswara is situated in south Rajasthan in India. Banswara princely state was founded by Maharawal Jagmal Singh. It gets the name from dominance of "bans" or bamboo forests. It is also known as 'City of Hundred Islands', due to presence of numerous islands in the Mahi River, which flows through Banswara.


Banswara Syntex Ltd


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