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Government of India Issues Approval for Incorporation of Alltemp Sustainable Refrigerants of India Private Limited
Government of India Issues Approval for Incorporation of Alltemp Sustainable Refrigerants of India Private Limited.
About this update from Totaligent Inc.
[{"type":"text","content":"\nAlltemp, Inc. (OTCPK: LTMP), a manufacturer of proprietary, environment-friendly refrigerants designed to deliver significant energy and financial savings, announced the approval by the Government of India for the establishment of its India entity, “Alltemp Sustainable Refrigerants India Private Limited.”.Alltemp’s India entity received its Certificate of Incorporation, dated June 10th, 2019, from India’s Ministry of Corporate Affairs.\n\n\nThe establishment of an India corporation opens the door for Alltemp, Inc. to more efficiently deliver its energy saving proprietary alltemp® refrigerants for the massive India market and surrounding region. Alltemp has worked over the past 18 months to establish relationships and prove the value of its products in this region of the world while deepening its understanding of the significant need and market. With this entity formally established, Alltemp plans to substantially accelerate its business plans for sales in this region. Additional developments related to India are expected to be communicated soon.\n\n\nOn May 15, 2019, an updated research report issued by ResearchandMarkets.com noted that, “the India HVAC market is expected to attain a size of $5.9 billion by 2024, progressing at a CAGR of 7% during the forecast period (2019-2024). The major factors driving the growth of the market are increasing number of high-rise buildings, hypermarkets in Tier-II cities, and shopping complexes and malls, where HVAC systems are an essential requirement. Furthermore, the market is predicted to progress due to the on-going smart city projects in the nation.” See news at: https://www.businesswire.com/news/home/20190515005493/en/Indias-HVAC-Market-2019-Size-Share-Development\n\n\nAlltemp, Inc. CEO Bill Lopshire stated, “India is one of the largest markets in the world for our refrigerants. Based on our relationships and sales projections with existing interested parties, this opportunity alone has the capability to deliver positive net income to Alltemp over the next six to nine months.”\n\n\nAbout Alltemp, Inc.\n\n\nAlltemp, Inc. has developed a proprietary refrigerant technology, after years of research and development, called alltemp®, a proven replacement for many worldwide refrigerants that have detrimentally affected the global envir...