UK's Balfour Beatty keen on developing business in India
New Delhi: British infrastructure Group Balfour Beatty has evinced interest in developing business in India and is looking at participating in the feasibility study of the proposed Mumbai-Bangalore industrial corridor.
"We are keen to develop our business in India and sort of things we do in infrastructure... We will certainly give some inputs into the feasibility study of the proposed Mumbai- Bangalore industrial corridor," Balfour Beatty Chief Executive Ian P Tyler told PTI here.
Prime Minister Manmohan Singh, while addressing a joint press conference with his British counterpart David Cameron, yesterday, said officials have been asked to explore UK's participation in a possible industrial corridor in the Mumbai-Bangalore sector.
Cameron is heading the biggest-ever business delegation to India.
"The UK and India are keen to support that initiative. So, the UK industry can apply directly in terms of how we can assist in building infrastructure development," Tyler said.
Tyler also said the company is developing its business in India and is "looking to play a more significant role with Tata projects to start looking at areas we might operate."
On its proposed investments in projects here, he said: "We will invest what we need to invest to see business develops right."
He added that the Indian market is huge and there are a lot of opportunities.
The Group's subsidiary Balfour Beatty India has already inked a pact with Tata Group's infrastructure arm Tata Projects (TPL) to collaborate on emerging opportunities in India and sub-Saharan Africa with initial focus on power generation, transmission, railways, mining, and water and waste water segments.
TPL is one of the reputed construction firms and is executing engineering, procurement and construction of some of the largest coal-based power plants, blast furnaces, among others, in the country.
Balfour Beatty, a world-class infrastructure group with capabilities in professional services, construction services, works in the UK, continental Europe, the US, South-East Asia, Australia and the Middle East.