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India/Japan: Fujitsu, Panasonic secure JV approval

 |  November 3, 2014

Three Japanese firms have secured regulatory clearance from the Competition Commission of India to move forward with their technology joint venture.

According to reports, Fujitsu, Panasonic and the Development Bank of Japan have been cleared by the CCI to proceed with their partnership aimed at the “large-scale integration [of] design and development of certain logic integrated circuit products.”

The companies announced the venture plans earlier this year; Indian officials have determined that the collaboration will not harm competition in the nation, especially as the Development Bank of Japan, owned by the Japanese government, does not operate in India.

Full content: Economic Times of India

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