Banking on government’s ambitious plan to develop 100 smart cities, Fairwood Group has tied up with leading Chinese companies to tap the business potential in infrastructure and is eyeing projects worth $20 billion in the next eight years.
The Group that provides services to the infrastructure sector has partnered six Chinese companies namely Shanghai Tongji Urban Planning & Design Institute, Shanghai Maglev, China Rail Construction Corporation, China Harbour Engineering Company, China Communication Construction Company, and Beijing Origin Water Company.
“These companies are specialised in urban planning, engineering, railway, construction, communications and water management and will add to our strength of planning and execution of infrastructure projects. We are eyeing a business share of USD 20 billion in infrastructure and urbanisation in India in next 8 years,” Fairwood Group’s Managing Director RS Das said.
The Group claims to have executed marquee projects like preparation of Delhi Vision 2021; Development Plan for Bihar, Assam, Uttarakhand, Gujarat, West Bengal; Mahindra Data Centre, Mumbai; Tell Moreeb Resort, Abu Dhabi etc.
“Our plan for the future is to grow the core expertise of project development in our chosen verticals to contribute in the nation building efforts of the government. We would like to bring in a paradigm shift while doing this so that the future development in India is sustainable and appropriate to the nation’s needs,” Das said.
The government has prepared a programme to develop 100 smart cities by 2020.
These smart cities would have efficient urban mobility and transportation system, sanitation, adequate supply of water and electricity, robust IT connectivity, sustainable environment, health and education facilities.
The programme has created a business opportunity of USD 45-50 billion, Das said.
The Group comprises 23 companies having operations across 11 countries.