Kamalnayan Bajaj - page 31

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KamalnayanBajaj –Architect of theBajajGroup
Enrico
    Piaggio
Chapter5
TheCompany’sCollaborationAgreementwithM/sPiaggio&Coexpiredon31stMarch,
1967. Inanticipationof renewal, thecollaboratorshavebeengoodenough toextend their
co-operationandassistance to theCompany tokeepproductiongoing. The termsof thenew
agreementhavebeennow finalisedand itwill be signed shortly.
As theGovernmenthasnot been issuing import licences for import ofCKDcomponents for
scooters, theCompanyhadnegotiatedpurchaseof these importedcomponentsondeferred
payment from theCollaborators. A furtherdeferredpayment agreement isundernegotiation
formeeting theCompany’sneedsduring thecurrent year.
KamalnayanBajaj,
1968
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