14-Oct-2026 19:11:58
INDOMIMExpansion
INDO-MIM: BOARD APPROVES VIETNAM SUBSIDIARY WITH ₹45 CR INVESTMENT OVER 5 YEARS 🟢
• Board approved setting up a wholly owned manufacturing subsidiary in Vietnam. • Total planned investment: ₹45 Cr over 5 years. • New facility will manufacture, assemble, sell and export electronic, prototype and engineering components. • INDO-MIM will hold 100% ownership of the proposed subsidiary. • Tentative incorporation date: December 1, 2026. • Expansion is subject to regulatory approvals in Vietnam and RBI approval for overseas investment.
INDO-MIM LIMITED