TT&A advised SIAP S.p.A (“Carraro”) in setting up a joint venture with Bhavani Holdings (India) Private Limited. The JV set up is to design, develop, test, validate and manufacture synchronizer assemblies for off-highway application (the “Product”) and thereby to increase the Product’s range and quantity and ensure production in order to at least cover the whole of Carraro’s requirements for such components as well as break into Carraro’s reference market by supplying the Product to third parties.

TT&A team: Feroz Dubash & Pratika Shankar – Partners; Teeshta Bissa – Senior Associate and Anindita Dutta – Associate