Bangalore, Dec 27(UNI) City-based Repair and Return (R and R) Private Ltd and Sequel Technology Inc of Taiwan have inked a joint venture agreement to bring the high-end technology of LCD panel repair to India.
Briefing newspersons on the tie-up here last night, Sequel Managing Director David Chao said the two companies would set up a state-of-the-art LCD panel repair service for monitors and laptops and other 'After Market Services (AMS)' for both consumers and electronic industry.
Later, they would expand to take up repairs of cell phone and LCD televisions.
"India has largely untapped infrastructure. It is now sending its LCDs to China and Tiwan for repair. This JV would help us offer the high-tech services within the country. R and R will also provide logistics to our global customers.'' An investment of two million US Dollars would be made to set up the facility in the city.
''We have the technology to repair LCD panels from 15 to 65 inches,'' he added.
R and R Chairman R Jayakumar said the JV would pave way for global high-end electronics manufacturers to outsource repairs and services to India. Sequel would provide us with the technology to repair LCD panels and in return pickup 9.25 per cent stake in R and R.
R and R General Manager M V N Prasad said the partnership would bring branded repair service to India and add value to global brands that included defective pickup, problem screening and validation.