SBG and Mitsubishi join forces for India projects
Oman/Japan JV to fight for engineering projects on subcontinent
The $20 million JV’s head office is located in Gurgaon, Haryana and the company plans to focus on the chemical and environmental plants and transportation sectors.
MEIP will also explore opportunities in the Middle East and Africa markets.
"Along with India's vigorous economic growth, infrastructure-related investment has been increasing robustly. In view of the rising trend in infrastructure investment and soaring demand from various related industries, MHI and SBG decided to establish MEIP," the company said in its launch statement.
SBG and MHI have previously worked together on SBG's fertiliser plant in Sohar, which exports nearly 1.3mn tonnes of granular urea annually.