Beijing, April 30: TCL, a leading Chinese electronics and white goods major is to pump in $75 million in a joint venture to make a range of electrical and electronic appliances in India, official sources said here on Sunday. TCL is expected to sign a letter of intent (LoI) with Baron International during the visit of a high-level Chinese delegation to India starting on May 1, a senior official said here. TCL, as part of its expanding global business strategy, plans to make colour televisions, washing machines and air conditioners in India in a tie-up with the Baron International, led by Kabir Mulchandani.
The signing of the LoI would be the highlight of the visit of the Chinese delegation from Guangdong province, the powerhouse of China's rapid economic growth. The 35-member business delegation led by Guangdong's governor Lu Ruihua, is looking at India positively for investments and business opportunities, counsellor (commercial), Indian embassy, Gautam Bambawale, said.
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