19
Jun
10:57
Mitsui to invest in Indian recycler MTC Group
Japanese trading firm Mitsui plans to invest in MTC Group, an Indian recycling enterprise, notes Kallanish.
The company aims to acquire more than 20% ownership in MTC and turn it into an equity-method affiliate. The investment is expected to be for around JPY 20 billion ($127 million).
India has become the world's third-largest automobile market in terms of new vehicle sales, surpassing Japan and following China and the US.
Mitsui thus aims to capitalise on…
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