Takara Bio Sets Up Joint Venture in India
DSS Imagetech represents 18 suppliers, has 134 employees and generated 2010 revenues of INR 880 million ($19 million = INR 45.72 = $1). Takara Bio’s research products include PCR enzymes, restriction enzymes, reverse transcriptases and cloning systems.
?tsu, Japan 2/15/11; New Delhi, India 2/15/11—Takara Bio will set up a joint venture with Indian distributor DSS Imagetech for the manufacture and sale of research reagents, kits and instruments. Takara Bio will hold a 51% stake in the new company, which will be named DSS Takara Bio. Takara Bio stated that its goal for the joint venture is ¥1 billion ($12 million = ¥83.3 = $1) in annual revenues within five years. The new 25-person company will be established in April. DSS Imagetech has distributed Takara and Clontech brand products in India since 2005.
