Sigma (India) Limited, New Delhi, India, has joined hands with Freudenberg of Germany and NOK of Japan to establish the joint venture Sigma Freudenberg NOK.Sigma (India) Limited, New Delhi New Delhi (dĕl`ē), city (1991 pop. 294,149), capital of India and of Delhi state, N central India, on the right bank of the Yamuna River. , India, has joined hands with Freudenberg of Germany and NOK NOK In currencies, this is the abbreviation for the Norwegian Krone. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. of Japan to establish the joint venture Sigma Freudenberg NOK. The new company will manufacture Simmerrings, damper seals and valve stem (Mach.) a rod attached to a valve, for moving it. See also: Valve seals for domestic as well as global automotive and general application industries. The joint venture company will be set up in Mohali, Punjab, India with a total investment of Rs. 35 crore n. 1. Ten millions; as, a crore of rupees (which is nearly $5,000,000) s>. Noun 1. crore - the number that is represented as a one followed by 7 zeros; ten million . Fifty percent of the equity will be held by Sigma, while Freudenberg and NOK will jointly hold fifty percent. A new building is proposed to be constructed at an approximate cost of Rs. 3.5 crore. The sales target is set at Rs. 55 crore (DM 26 million) by the end of financial year 2005-2006. |
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