Rasandik Engineering Industries (India) has announced that it has signed a memorandum of understanding (MoU) with Yarema Die & Engineering, a US based for supply of press tools and dies from India.According to a release issued by the company to the BSE today, Rasandik will use its existing infrastructure in its tool shop in Gurgoan for designing, manufacturing and tryout of tools. The initial period of the contract is for 5 years and extendable thereafter for a further period of 5 years and is expected to generate substantial business for the company.
