To build the proposed Agra-Lucknow expressway, a Malaysian firm has come forward. The proposed expressway is expected to reduce travel time between the two cities by almost half. A delegation from MalaysiaÂ’s Construction Industry Development Board (CIDB) met Uttar Pradesh government officials last week and expressed their interest in the multi-million-dollar project, an official said.
Tag: Malaysian
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AirAsia likely to entrust its India operations to Kathleen Tan
Malaysian budget carrier AirAsia, which has six airlines under its fold, will be banking heavily on a woman to ensure the success of its impending India launch. Tony Fernandes, founder of AirAsia is said to have great confidence on Kathleen Tan, 52, his decade-old associate at AirAsia, to build the India travel market, just as she did for the airline in China. Tan is known as his 'right hand' in aviation circles and was the airline's former commercial head.
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Landed in trouble
GMR entered the Maldives after realising the lack of potential in India for large airport projects. The relatively new global infrastructure is reportedly not insured against political risk—only to find itself stranded after a government change in that country.Pro China sentiments along with commercial disputes used by some extremists and political parties in Maldives have provoked anti-India sentiments which resulted in GMR’s Male airport confl ict.
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Khazanah JV, SBI Macquarie may invest in GMR
To invest in the road assets of Bangalore-based diversified conglomerate GMR Group, Malaysian sovereign fund Khazanah and SBI Macquarie have emerged as potential investors.