GKB Ophthalmics Joins Hand With Spanish Co - Sep 10, 2008

The Goa-based GKB Ophthalmics Ltd, an eye-care product manufacturer and marketer, has inked an alliance agreement with Spain-based multinational company Indo to market the latter''s high-end optical and ophthalmic products, comprising high precision equipment, in the Indian and Asian markets. The alliance Indo Prime Visual Technologies Pvt Ld with 50 per cent holding by both the groups represents one more step for Indo in its target for increasing its representation in the Asian market. This pact will encourage the equipment business unit, currently representing 28 per cent of Indo''s total income. While initially the alliance will import Indo''s products into the country, the move is to develop Goa into a manufacturing base for high precision equipment and quality products, comprising frames and lenses