UEM To Invest In Infrastructure Project In India

Bullish about the Indian infrastructure sector, United Engineers Malaysia (UEM) Builders, the entirely owned subsidiary of Khazanah National Berhad, an investment division of the Malaysia government has showed keen awareness to invest in infrastructure projects for example expressways, real estate and bring in their expertise in waste management. UEM has already made investments of over three hundred crore rupees since its presence in India for the preceding eighteen years.
UEM has completed over seven hundred kilo meter of roads with an investment of over two thousand three hundred crore rupees in UP, Karnataka, Kerala, Bihar, West Bengal, Gujarat, Andhra Pradesh, Tamil Nadu and Maharashtra.
“The Indian market is very important for UEM as we see a enormous potential in this market. India is a key driver for UEM’s overall growth and we have always been devoted towards this market. The company is devoted to supporting India in building an sophisticated infrastructure, suited to its growing business and social requirements. India is one of the top three global markets for the group,” Tan See Yin, senior director, UEM International (East Asia) said.
PLUS Expressways Berhad, a subsidiary of UEM group, is aggressively participating in pre-qualification bids for NHDP-III and V. As Asia’s largest toll concessionaire, the company is keen to share its experience and expertise, and to play a significant part in India’s road infrastructure development, Yin said, who was in India to get a sense of the improvement of the company’s several initiatives said.
“The group has so far spent in more than three hundred crore rupees to build up its team and resources in India. India is a focus country for our international expansion and we are devoted to contributing in India ‘s infrastructure needs,” Yin said.
UEM presently has over ten branches and site offices in India, including presence in key cities such as Delhi , Mumbai, Bangalore, Chennai and Chandigarh.

This entry was written by admin, posted on July 22, 2008 at 6:27 am, filed under Real Estate News. Bookmark the permalink. Follow any comments here with the RSS feed for this post. Trackbacks are closed, but you can post a comment.

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