Subros sees its total imports reducing by 20 per cent on the back of a tie-up with a local vendor to source blower motors. The company sees significant reduction in raw material cost and sharp improvement in operating margins. Subros said its key vendor Yamamoto Electric Co will form the joint venture with the Indian supplier and production will commence from October 2019. However, the company did not name the Indian supplier. Investors will closely track the development.

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