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MIC Electronics Ltd has signed a partnership with GHS Technologies GmbH to design and supply material handling solutions for India. The collaboration has transitioned into active execution, with engineering documentation provided to MIC Electronics for review and assessment.

Following prototype approval, the companies aim to scale production for sectors including automotive and logistics. GHS Technologies views India as a priority market, anticipating over 10% CAGR growth in the material handling systems market by 2030 due to rising industrial activity. The partnership enhances MIC Electronics' capabilities in industrial automation, aligning with its strategic diversification.