BANG KADI, THAILAND – SVI Public Co. has approved the establishment of a subsidiary registered in India.

The firm’s business will include back office and IT service, and a name is currently under consideration.

SVI will own 99% of the India subsidiary’s shares, while Pongsak Lothongkam will own 1%.

The firm’s registered capital is 1 million Indian Rupee (US$14,200) or equivalent, with the source of funding from cash flow and operations or a loan partly from financial institutions.

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