NBCC plans to enter Kazakhstan, Kyrgyzstan markets
The Dollar Business Bureau In a bid to expand overseas, the state-run construction company National Building Construction Corporation is mulling to foray into Kyrgyzstan and Kazakhstan markets and is looking out for partners to form joint ventures. NBCC, a Navratna enterprise under the Ministry of Urban Development, ventured into the overseas markets in 1977 and executed projects in Turkey, Botswana, Libya, Nepal, Yemen, Iraq, Maldives and Mauritius. Besides the plan to establish joint ventures in two countries, the plans to bid for two projects in Oman is also on the cards, NBCC MD Anoop Mittal told the media. Al Naba Services LLC, Oman and NBCC had inked an MoU in order to jointly explore and secure infrastructure projects in Oman and other neighbouring nations. NBCC, ...
The International North-South Corridor key to Indias trade
The Dollar Business Bureau As highlighted in the Foreign Trade Policy of India, 2015-20, The International North-South Transport Corridor (INSTC) - a multi-modal trade transport network that includes rail, road, and water transport from Mumbai in India via Bandar Abbas in Iran to Moscow in Russia can be a game-changer for India in promoting its trade and investment links with Central Asia. A current-affairs magazine on the Asia-Pacific region reported that the network could be used to explore further options for developing connectivity with other countries such as Turkey and in Eastern Europe. It could facilitate India’s economic integration with Eurasian economies and other countries in surrounding regions. The INSTC has particular economic and strategic relevance to India given the ...
