Business

Brazil’s Taurus to produce and sell guns in India

Brazilian gunmaker Taurus Armas SA has signed a joint venture with Indian steelmaker Jindal Group to produce and sell guns in India. Under the agreement, Jindal will hold a 51% stake in the venture and Taurus the remaining shares. Taurus said the JV will open a gun factory in India to produce different kinds of firearms.

Source: Reuters

Categories: Business, Geopolitics, Industry

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