Indian infra firm sets up joint venture with Chinese company
Chennai-based RPP Infra Projects Ltd on Tuesday said that it has entered into an agreement with China’s state-run HUNAN Construction Engineering Group Corporation (HNCEG) to set up a joint venture for carrying out projects in India. “HUNAN will act as a lead partner of the joint venture to make all necessary statement on behalf of joint venture,” the Indian company said in a statement. “This is the game changing development for RPP Infra Projects Ltd to work with one of the largest Chinese infra company in India. The idea behind to establish joint venture is to capture big size orders and profitable business in infrastructure area in fastest growing emerging markets like India,” said Arul Sundaram, Chairman & MD of RPP Infra Projects Ltd. RPP Infra Projects Ltd, with its strong footage in mid-size orders, has been engaged in various projects such as highway, roads, bridges, civil construction works and power plants across the country. HUNAN has been involved into scientific research, personnel training, advanced professional education, equipment manufacturing, and real estate development, besides infra developmental activities. Having assets of RMB 6 billion and a production capacity of over RMB 60 billion, HUNAN has established projects in more than 30 countries, including Liberia, Tanzania, UAE, Nigeria, Saudi Arabia, Australia, Mongolia and others.
November 03, 2015 | 3:34pm IST.
to success.