Eyeing $20 billion infra business, Fairwood Group ties up with six Chinese companies

Fairwood Group, the group of companies in three business sectors of mobility, energy and urbanization, is banking on government's ambitious plan to develop 100 smart cities, for which it has partnered with six leading Chinese companies. The move is aimed at tapping the business potential in infrastructure, and with the tie-up, the group aims at projects worth USD 20 billion in the next eight years.

The six Chinese companies are 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.

As per the claims, they 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.

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