A Delhi Build Contractor Firm Said Malaysian company able to secure project at India does this mean it will push the stock market especially prproperty stock and trade/service stock??
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NEW YORK, Sept 18 (Bernama) -- Malaysian companies have a good chance of
bagging lucrative infrastructure deals in India, Indian infrastructure
experts said on Saturday.
At a one-day conference, held at the Indian consulate general here,
many Indian experts were saying that Malaysian companies, which have
played a pioneering role in Malaysia's infrastructure development, had a
good chance of bagging attractive deals in India.
Some representatives of Indian companies at the conference admitted
that their companies had strong ties with Malaysian companies which,
they said, could become effective partners in tapping India's
infrastructure market.
They said the Indian government, which is aggressively pushing
investments for the country's infrastructure development, has announced
investments of US$1 trillion for infrastructure projects connected with
the construction and development of roads, airports, seaports, railways,
urban development and energy.
Pratap Vijay Padodre, President/Chief Executive Officer of Aspire, who
has a good knowledge of Malaysia's infrastructure, urged Malaysia to tap
the opportunities in India's infrastructural development.
"Malaysia is already actively engaged in India's road development
sector. However, instead of enhancing its presence and engaging more,
Malaysian companies seem to have loosened their grip.
"As the global economic recovery has not, yet, gained in strength and
many countries face the danger of a renewed recession, India is one of
the few countries that will continue to post economic growth.
"Besides engaging in the logistics sector, Malaysian companies can also
benefit from opportunities in areas such as power and water," he told
Bernama in an interview.
Sanjay Divakar Joshi, Chief Operating officer of Delhi-based
LancoInfratech Ltd, was equally optimistic of Malaysian companies
entering the Indian infrastructure market.
"India builds about 20 km of road a day. The Indian government is
developing roads all over the country. There is emphasis on developing
connectivity with the rural areas.
"Malaysian companies, generally, have been successful in infrastructure
development. The Malaysian group, Scomi, has been instrumental in
setting up the monorail project in Mumbai. Such projects are also
coming up in Chennai, Hyderabad and other cities as well," Joshi added.
Another Malaysian company, Genting Bhd, has also invested in power
projects in Andhra Pradesh and Tamil Nadu in cooperation with Lanco, a
US$2.5 billion conglomerate with varied interest such as power
resources, infrastructure and solar energy, is handling several major
projects in India, particularly in road development, he added.
Another promising area, Joshi said is airport development.
'A country the size of India has only 100 airports. There is room for
many more. Malaysia Airports Holding Bhd, which holds stakes in
Hyderabad airport, can also help in the development and management of
airports in India," he added.
Joshi also said India was establishing some 35 non-metro airports in second-tier cities in the country.
"We are doing construction work for two airports in Varanasi and Bhubaneshwar," he added.
There are 11 major ports in India under government control.
"Ownership of these ports rests with the government," he added.
He advised Malaysian newcomer companies to consider teaming up with an
Indian partner to tap the market citing Plus Expressways which has
maintained a presence in India where it was engaged in several projects.
Source: Bernama
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