AP Women's Finance corporation to sign MoU on May 12
Hyderabad, April 29, 2007The Andhra Pradesh Women's Finance Corporation and corporate delegation from China would sign an MoU on May 2 for starting an assembly unit so as to take up marketing initially within the State. The delegation would be headed by Zhu General Manger of Ningbo San Lu.
The battery operated bikes could be easily recharged at any plug point and the bike is priced around Rs. 22,000. Interestingly, the biker needs no driving license as no machinery is involved. The light vehicle weighing 50kg and one can ride 800 km with the cost equivalent to one litre of petrol.
For the first time, the Women's Finance Corporation is taking up business activity transcending the State boarders. It may be noted that in the last month, it has reached an MoU with Australian company that has agreed to take up marketing of Taruni brand garments, food products and jewelery in Australia, New Zealand and Asian markets.
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