Fontana Gruppo, Italy and Bagla Group have signed definitive agreements to enter into a strategic partnership for the fasteners business in India. Bagla Group, led by Rishi Kumar Bagla, a leading automotive component supplier based in western and northern India, has interests in aluminium die casting, automotive fasteners, automotive electricals, and refrigeration products. Fontana Gruppo of Italy is the global technology leader in fasteners business, having revenues of about $1 billion, over 4,200 employees and 20 production plants based in Europe, USA, Mexico, Brazil and now in India as well as a sales organisation in all continents.