UEM Builders Bullish on Indian Infrastructure, Plans Further Investments
United Engineers Malaysia (UEM) Builders, a wholly-owned subsidiary of Khazanah National Berhad (Malaysia's sovereign wealth fund), has expressed strong interest in investing in Indian infrastructure projects. The company is particularly focused on expressways, real estate development, and waste management solutions. UEM has already invested over ₹300 crore in India over the past 18 years.
Extensive Road Network Development
UEM Builders has developed over 700 kilometers of roads across various Indian states, including Uttar Pradesh, Karnataka, Kerala, Bihar, West Bengal, Gujarat, Andhra Pradesh, Tamil Nadu, and Maharashtra. This extensive road network represents an investment exceeding ₹2,300 crore.
India: A Key Market for UEM
"The Indian market is very important for UEM as we see a enormous potential in this market. India is a key driver for UEM’s overall growth and we have always been devoted towards this market. The company is devoted to supporting India in building an sophisticated infrastructure, suited to its growing business and social requirements. India is one of the top three global markets for the group," stated Tan See Yin, Senior Director of UEM International (East Asia).
PLUS Expressways Berhad's Participation in NHDP
PLUS Expressways Berhad, a subsidiary of the UEM group and Asia's largest toll concessionaire, is actively participating in pre-qualification bids for the National Highways Development Project (NHDP) phases III and V. The organization is eager to leverage its substantial experience and expertise in contributing to India's road infrastructure development, according to Yin, who was in India to assess the progress of the company's various initiatives.
Continued Commitment to India
"The group has so far spent in more than three hundred crore rupees to build up its team and resources in India. India is a focus country for our international expansion and we are devoted to contributing in India ‘s infrastructure needs,” Yin affirmed.
UEM Builders currently maintains over ten branches and site offices throughout India, with a presence in major cities like Delhi, Mumbai, Bangalore, Chennai, and Chandigarh.