The talks for the sale of the India Pureit business come amid parent Unilever Plc initiating the sale of its majority stake in Qinyuan Group Co., a Chinese maker of water purification equipment that it acquired in 2014.
"A significant boost is expected in the consumer electronics industry with the creation of 20 million households through the rural housing scheme, reviving demand for products like LED TVs, washing machines, and refrigerators," Sunil Vachani, executive chairman, Dixon Technologies, and president of CEAMA said.
ASCI had passed an order directing Kent to withdraw its claim that its RO systems gave the purest water because there was no data to substantiate the same.
The Delhi High Court has observed that advertising is a part of commercial speech recognized under Article 19(1)(a) of the Constitution of India and any restraint on such a right can be placed only.