new delhi auto components maker bagla group has inked a strategic pact with italys fontana gruppo to scale up fasteners business in the country italys fontana gruppo and bagla group have signed definitive agreements to enter into a strategic partnership for the fasteners business in india aurangabad based bagla group said in a statement the partnership with fontana gruppo would enable the fasteners business of bagla group to acquire necessary technological expertise size and scale to become the largest fasteners manufacturer in india the companys chairman rishi kumar bagla said bagla group has a sizable presence in north and western parts of the country and supplies various components like aluminum die casting automotive electricals and refrigeration products to customers like bajaj auto fiat volkswagen and maruti suzuki india fontana gruppo vice chairman giuseppe fontana said the partnership is a key milestone in the companys strategy to increase its footprint in emerging markets india is the most promising economy in the world at this stage and we are committed to serve our global customers having a presence in india additionally the fontana gruppo proposes to use the local manufacturing capabilities and engineering expertise in india to serve its customers in various countries he added a fastener is a hardware device that mechanically joins or affixes two or more objects together pti published on sep 7 2015 at 0227 pm ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etauto app get realtime updates save your favourite articles scan to download app india suzuki fiat bajaj auto maruti suzuki india business partnership bajaj auto limited strategic partnership maruti suzuki india limited rishi kumar bagla giuseppe fontana fontana gruppo vokswagen fca india automobiles private limited homenewsauto componentsbagla group fontana gruppo tieup for fastener business in india