JOL to further expand worldwide as a leading Indian-Global player
India’s fast growing construction industry is expected to reach US$738.5 billion by 2022, according to Jaguar Overseas Limited (JOL), an Indian company involved in implementing projects across Africa and Asia.
The industry is expected to grow by 15.8% on the year to reach US$541.54 billion in 2021, according to Q4 2020 Global Construction Survey. The industry is seen recording a CAGR of 11.7% during 2021-2025, reaching US$842.54 billion by 2025.
Celebrating 30 years of pioneering innovation and sustainable development in the Design, Engineering, Procurement and Construction industry, JOL says it will remain focus on the Indian market.
In the next few years, while India continues to remain a focus market, JOL is looking to further expand its footprints worldwide augmenting its position as the leading Indian-Global player in infrastructure design and engineering.
“It aims to strengthen India’s position on global map as an enabler of high-impact, innovative and quality construction and infrastructure projects bringing in cutting-edge technology for sustainable development,” said the company in a release on 21 May 2021 from New Delhi headquarters.
Manas Agarwal, JOL President – Strategy, said, “As the company celebrates 3 decades of its journey, the company is committed to continue to play a pivotal role in advancing infrastructure design and engineering in India and across various geographies.
“The company is always cognizant of the changing trends and have been ahead of times in terms of the latest technologies and avant-garde designs. Our use of drones for stringing of power conductor in hilly terrains and integration of high end software in our projects is a testament to our ingenuity.
We have, and will continue to, strive towards excellence and fostering a culture of cutting-edge innovation. What truly inspires us is the impact that we have on communities worldwide.”
“Rooted in India, we are also heavily invested in not just taking our expertise to other countries, but in the process, also contributing to the Indian economy. We will continue to work on projects on behalf of the Government of India to extend our expertise to countries in need, with an aim to ensure sustainable and equitable development to improve lives of millions across the world.
“We are focused on power projects within the country. Infrastructure projects, we feel, will not just generate employment but also support economic development,” said Aggarwal.
The ongoing projects for the company including construction of 409 health posts covering large parts of Zambia has received tremendous appreciation from local communities and from the Zambian High Commission in India. The initiative is a means to provide access to cost-effective and quality health services as close to communities as possible under their universal health coverage scheme.
This project comes under the EXIM Bank of India’s Line of Credit for infrastructure projects in the south African country.
Other significant projects funded by Government of India include the power evacuation to Herat city from 42 MW Afghan-India Friendship Dam and construction of an Information Technology Park in Mozambique. #tenders #projects #construction #investment #exports #economy /fiinews.com
