Infeld issued a notice on the progress of the establishment of subsidiaries for foreign investment.
According to the announcement, on April 27, 2017, infit announced that in order to further explore overseas markets and meet the needs of the company's strategic development, the company plans to set up a wholly-owned subsidiary in India with a planned total investment of no more than $2.75 million.
Yesterday, infiniti announced the latest progress, the company has recently completed the registration of a wholly-owned subsidiary in INDIA, and received the registration certificate, the Indian subsidiary name INVENTRONICS SSL INDIA PRIVATE LIMITED, registered capital of 2.5 million rupees.
Business scope includes the production of switching power supply and related electronic products;
Warehousing, distribution and sales of its own products, to provide sales, technical services and after-sales support.
Ingot said that India has great potential in LED lighting market, and the company's opening of factories in India is in line with the current trend and conducive to further expanding the Indian market.
The establishment of Indian subsidiary company is important to exploit the South Asia, including India, the emerging market deployment, relying on the company's existing technology, platform, market, capital, brand advantage, such as Indian subsidiary if can smooth operation, and further enhance the British who LED drive power product market share in South Asia, have a positive impact on long-term development of the company.