India: According to Live Mint, Indian transformer manufacturer Marsons is in advanced stages of negotiations with a Bangladesh-based transformer manufacturer to create a joint venture company and open a manufacturing facility in Bangladesh.

Marsons in discussions to open manufacturing facility in Bangladesh

India: According to Live Mint, Indian transformer manufacturer Marsons is in advanced stages of negotiations with a Bangladesh-based transformer manufacturer to create a joint venture company and open a manufacturing facility in Bangladesh.

As one of the first steps in the plan to enter the Bangladesh power sector, the company would set up a transformer manufacturing plant for transformers up to 20 MVA, 33 kV, reports Live Mint.

The company is also looking to leverage its newly developed local manufacturing facility and logistical advantage from its Kolkata unit to maximise its presence in the Bangladesh transformers market.

Source: Live Mint