Umesh Modi Group has entered into an agreement to form a 50 : 50 Joint Venture with Lastek Belgium nv, a leading International company offering high quality special welding alloys and solutions, in particular for repair, maintenance and life extension of critical equipment, used in various industries. The Joint Venture company ‘Modi-Lastek’ will manufacture and market the special welding alloys and electrodes to serve various core industries like sugar, cement, power, steel, etc.