Market Chatter: Japan's Omron Looks to Expand Manufacturing, Exports in India
MT Newswires Live10-30 21:00
Omron (TYO:6645) plans to expand manufacturing of healthcare and automation products in India, aligning its expansion plans with incentives offered by the Indian government to attract global investments in manufacturing, Bloomberg News reported Friday, citing Chief Executive Officer Junta Tsujinaga.
The Japan-based equipment maker's healthcare division in Chennai, India, has started manufacturing blood pressure monitors for the domestic sales and plans to export the products to Europe and Africa, the report said.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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