Balfour Beatty has signed a deal with one of the largest and most respected companies in India.
Balfour Beatty’s newly-formed Indian subsidiary, Balfour Beatty India Pvt , has signed a memorandum of understanding with Tata Projects, the infrastructure Engineering and Construction arm of the Tata Group, which paves the way for the two companies to jointly identify and pursue infrastructure opportunities in India and sub Saharan Africa with initial focus on power generation, transmission, railways, mining, and water and waste water segments.
Balfour Beatty chief executive, Ian Tyler, commented:
“This agreement with Tata, one of the largest and most respected companies in India, offers Balfour Beatty an exciting strategic opportunity to develop a substantial business in India and Africa, markets of high potential. While we have an established presence in India, through our professional services business, Parsons Brinckerhoff, we now seek to develop our full range of capabilities in the region. This initiative is in line with our broader strategy to develop our business in the high-growth emerging markets.”