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| Indian, Chinese Tea Firms Join Hands |
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Indian firm Tata Tea recently entered into a joint venture agreement with Zhejiang Tea Import and Export Company of Quoting a release issued Tuesday by Tata Tea to the Bombay Stock Exchange, the website said the agreement involves setting up a joint venture company at Economic Development Zone of Anji County, The project cost is estimated at US$16 million funded by a mix of equity capital and borrowings. (Xinhua News Agency May 9, 2007)
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