JK Bank inks pact with Atul Auto
GK NEWS NETWORK
Srinagar, Apr 6: With a view to improve retail portfolio and generate employment opportunities in the State, J&K Bank today signed a Memorandum of Understanding with Atul Auto Limited, a Gujarat based company, the bank in a statement said.
President & Zonal Head, Jammu (Central), O P Sharma signed the pact on behalf of J&K Bank and Area Manager, Swaranjit Singh put in his signatures on behalf of Atul Auto Limited at the Bank’s Zonal Headquarters at Rail Head Complex, Jammu.
Speaking on the occasion, O P Sharma said, “The signing of MoU is beginning of a relation that would be beneficial for both the companies in the longer run.”
The MoU will enhance the reach-out capacity of the auto company in the state due to the Bank’s wide network and will in turn help in generating employment opportunities in urban and rural areas of the State,” he added.
Also present on the occasion were Vice-President J&K Bank Nishi Baru, Bilal Ahmad and Tanveer Rasool Wani from Green Land Motors (The authorized dealers of Atul Auto Limited for Jammu).
Notably, Atul Auto is a leading automobile company incorporated in 1986 with manufacturing facilities at Shapar-Rajkot (Gujarat) with total installed capacity of 30,000 vehicles per annum. The company at present has a wide network in domestic and global market.
Lastupdate on : Fri, 6 Apr 2012 21:30:00 Makkah time
Lastupdate on : Fri, 6 Apr 2012 18:30:00 GMT
Lastupdate on : Sat, 7 Apr 2012 00:00:00 IST
- MORE FROM BUSINESS
Srinagar, Apr 6: Welcoming the proposed India visit of Pakistan President Asif Ali Zardari, Chairman of Hurriyat Conference (M) Mirwaiz Umar Farooq Friday said that Kashmir resolution was the key to peace More
- Srinagar City
Rampart patch near Sangeen Darwaza razes to ground, 1 hurt; Locals demand probe
GK CITY REPORTER
Srinagar, Apr 6: A major tragedy was averted Friday when a portion of the historic 16th century Qalai constructed by Mughal Emperor Jalal Ud Din Muhammad Akbar collapsed during repairs of the rampart More
Jammu, Apr 6: Putting serious question mark on the functioning of Public Health Engineering (PHE) department, Comptroller and Auditor General (CAG) has observed that the department has incurred wasteful More