Victorian government owned company Ecotech has signed a joint venture agreement with Uniphos Envirotronic to monitor air quality in India.
Uniphos is part of United Phosphorous Group of companies, which is the largest gas detection instruments manufacturer in India.
Minister for Innovation, Services and Small Business Louise Asher announced the new partnership as part of the initiatives undertaken during the Victorian Coalition Government's Super Trade Mission to India.
"Under this joint venture, Ecotech anticipates increasing its annual exports to India to over USD 2 million by 2015. This partnership goes beyond outsourcing of the manufacturing process, as it will include the export of Victorian innovation and expertise in clean technology to the Indian market," Minister for Innovation, Services and Small Business Louise Asher said.
Ecotech currently covers about 25 percent of the Indian market, and is expected to cover 75 percent under this joint venture.
At 12:03 hours IST, United Phosphorous moved up 1.6 percent to Rs 119.50 on Bombay Stock Exchange.
(With inputs from PTI)
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