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BYD Reportedly Poised to Re-enter Indian Mkt; Executives to Visit in Coming Mths
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As diplomatic relations between China and India are envisioned to improve, BYD COMPANY (01211.HK) is preparing to re-enter the Indian market, Bloomberg, quoting people familiar with the matter, reported. This includes applying for visas for senior managers and engineers to restart local training and mechanical maintenance programs, and inspecting the group's factory conditions in southern India. It is anticipated that BYD India's General Manager Ketsu Zhang may visit the region in the coming months and meet with New Delhi federal government officials, although new investment projects are unlikely to be discussed. AASTOCKS Financial News Website: www.aastocks.com |
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