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Sumitomo Electric, Siemens join forces in grid business

Partners see Indian underground wire project as first step

Sumitomo Electric and Siemens will take part in a project to lay underground cable in India.

OSAKA -- Japan's Sumitomo Electric Industries and German industrial group Siemens landed their first joint contract for power grid equipment in India and will partner on bids for similar electrical infrastructure projects around the world, the companies said Monday.

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