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Luminous Power enters China
August 14, 2008: Luminous Power Technologies, the New Delhi based electronics manufacturer has forayed into the China market in order to manufacture and export its products from there.
Luminous has setup its wholly-owned subsidiary in Guangdong Province of China. It has outlined an investment of $5 million and has pumped in $3 million for its plant. The China factory will manufacture all of Luminous` power electronic products with key focus on UPS. The company has invested more than Rs.50 crore for its manufacturing facilities in the last two years.
Source: Business Standard