Kirloskar Brothers, one of the leading manufacturers of pumps and compressors, has announced the formation of a wholly owned subsidiary in Thailand called Kirloskar Brothers (Thailand) Ltd (KBTL).
It has already obtained the necessary approval from the Thai regulators last month. The authorised capital of KBTL currently stands at 10 million baht (Rs 1.4 crore).
This company will mainly focus on Asia-Pacific markets and will control the operations of Laos, Cambodia, Singapore and Indonesia offices.
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