Fiem Industries Limited signed a Memorandum of Understanding with Aisan Industry Co., Ltd. and Toyota Tsusho Corporation for establishing a joint venture company in India to manufacture Fuel Pump Module and IC connector Assembly for two-wheelers and three-wheelers. Fuel Pump Module will become mandatory for two-wheelers and three-wheelers with effect from April, 2020 under Bharat Stage VI (BS VI) regime. This is an advanced Emission Control System Product, which will have huge market in India under BS VI norms.