NEW DELHI: The Construction Industry Development Board Malaysia (CIDB) has successfully inked six memorandums of understanding (MoU) with Indian industry partners that could potentially open up opportunities for Malaysian companies to be involved in infrastructure development in India.
CIDB Chief Executive Dato’ Ir. Ahmad Asri Abdul Hamid said there are many infrastructure projects in various states of India which present opportunities for Malaysian companies who have the capacity and expertise in infrastructure development locally and abroad.
“CIDB facilitates the participation of local players by building a strong government-to-government relationship, and addressing issues to encourage more industry players’ participation in overseas projects,” he said.
The MoU signing ceremony was witnessed by Prime Minister Dato’ Sri Najib Tun Razak on 3 April 2017 during his visit to mark the 60th anniversary of India-Malaysia diplomatic relations.
In the MoU signing, CIDB was represented by its subsidiary and investment arm CIDB Holdings Sdn Bhd (CIDBH). CIDBH Chairman Dato’ Sri Ir. Dr. Judin Abdul Karim and Chief Executive Officer Sr. Abdul Latiff Hitam signed the MoUs on behalf of CIDBH.
The first MoU was signed with Ircon International Limited to promote and facilitate forming joint ventures towards railway infrastructure projects and redevelopment of railway stations. The two organisations will also promote and encourage academia and industry collaboration and creation of training capabilities and capacity and innovations in respect to railway infrastructure projects, among others.
The second MoU partner was the National Buildings Construction Corporation Ltd (NBCC) to work together with CIDBH in strengthening, promoting and developing knowledge sharing and introducing best practices towards joint development of sustainable highway and expressways projects in India and related investments.
The third Mou was with Jaiprakash Associates Limited to strengthen and promote knowledge sharing and introducing best practices towards joint construction and development of large infrastructure projects like highways, expressways, dams, tunnels, urban transport and smart cities among others.
Under the fourth MoU, MEP Infrastructure Developers Limited, one of India’s leading infrastructure operator and toll management company, will work with CIDBH in knowledge sharing and introduce best practices towards joint development of sustainable highway and expressways projects in India and related investments.
The fifth MoU involves NSL Infratech Private Limited, a giant in the real estate and infrastructure business in India with its holdings in strategically located land banks, properties in IT parks and commercial buildings. It commits to work with CIDBH in knowledge sharing and introducing best practices towards joint development of sustainable housing projects in India.
And finally, the sixth MoU was inked with VA Tech Wabag Limited, a leader in the Indian water technology market. The company, headquartered in Chennai, offers opportunities to collaborate in the implementation of joint projects on R&D and innovations in sustainable water and wastewater management and technologies.