Sterlite Technologies said that the company and Jiangsu Tongguang Communication Co. (TGCI) have agreed to form a joint venture company Jiangsu Sterlite & Tongguang Optical Fibers Co., (STFC) in Haimen of Jiangsu province in China to manufacture, market and distribute optical fiber used in the production of fiber optic cables.
As a part of the agreement, Sterlite brings expertise in optical fiber technology and Jiangsu Tongguang Communication Co., Ltd brings significant fiber cable manufacturing and market expertise in the China market. The joint venture is committed to offer high-quality and competitive optical fibers and services to customers, the company said.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.