Omnitech Info to set up JV in Japan

Omnitech Info to set up JV in Japan

Mumbai, 17 September Technology services provider Omnitech InfoSolutions today said it has incorporated a joint venture company in Japan along with Sanwell Company (SWL) to provide technology services.

The joint venture company - Arham Technologies Company Ltd (ATCL) would have a total investment of 100 million Yen, out of which 20 million Yen would be invested initially, Omnitech InfoSolutions said in a filing to the Bombay Stock Exchange.

Omnitech Tsb Company and Sanwell Company would make investments in the ratio of 60% and 40% respectively.

The company would provide technology services like software development, consulting and outsourcing services.

Omnitech InfoSolutions has entered into this joint venture through Japan-based Omnitech Tsb Company Ltd (OTSB), in which it holds 67% stake.