The Videocon group has formed Akai
India, a 30:70 joint venture with Akai of Japan to sell a wide range of products from the
Japanese company. The product range will include high-end as well as mass-market products.
The venture is expected to begin with a capital of Rs 100
crore. Manufacturing operations for colour TVs will be located at the Philips India plant
at Salt Lake, which is in the process of being acquired by Videocon. Production of other
products, including refrigerators, washing machines and air-conditioners, will be undertaken at Videocon''s
existing facilities. Akai earlier had a tie-up with Baron
International, which is now selling Akai rival Aiwa''s products in India.