Alan Scott Industriess Limited has signed a Memorandum of Understanding (MoU) with Nanoveu to establish a new Joint Venture (JV). A new JV Company in the name and style of 'Alan Scott Nanoveu India Ltd.' has been incorporated in which Alan Scott will hold 51% of its issued, subscribed and paid-up capital and Nanoveu will hold 35%.

The JV shall will focus on selling & distribution of Antibacterial Surface Protectants, Wellness, Indoor Air & Environment, Energy Efficiency & Lifestyle products in India.