Boost to Make In India: IGL, Vikas Lifecare sign Rs 110 crore joint venture to set up smart meter plant
India TV NewsBoost to Make in India: Genesis, Gas Solutions, a subsidiary of Vikas Lifecare, has signed a pact with Indraprastha Gas to set up an integrated smart meter manufacturing plant for Rs 110 crore. According to an exchange filing, it will be India's first Integrated State-of-the-Art Smart Meter Manufacturing Plant to manufacture Diaphragm Gas Meters equipped with the latest technologies. Vikas Garg, chairman of Vikas Group, said that the joint venture will be a game changer as it will revolutionize the smart metering technology in the country and will be a step forward towards AtmaNirbahar Bharat. "The joint venture between IGL and Genesis has been announced is being announced following the spirit of government's Make in India - Make for World initiative, shall be instrumental in a paradigm shift in favour of domestic players," he said.