Multi-billion dollar conglomerate, Hinduja Group today signed an agreement with Spanish construction multinational OHL for joint development of infrastructure projects in India and other countries.
The Memorandum of Understanding (MoU) was signed by Hinduja Group Chairman Ashok Hinduja and OHL Group Chairman Juan-Miguel Villar Mir, a company statement said.
The MoU was inked during Spain King Juan Carlos’ four-day official visit to India that began on Wednesday.
OHL Group Chairman is a member of the Spanish business delegation travelling with the King.
At the signature ceremony, Juan-Miguel Villar Mir recalled that internationalisation was one of the mainstays of OHL’s business strategy.
Expressing confidence in the success of the alliance the two groups have formed, he said, “For OHL, this signifies a major opportunity for expanding our business activity in a geographical area where we are beginning to operate.”
Ashok P Hinduja said: “This joint venture is set within the Hinduja Group’s strategy of participating in the development of infrastructure projects in India, an activity that has been opened up to the private sector through public-private partnership.”
OHL is a major international concession and construction group and a world leader in hospital and railway construction.
It is the eighth largest concessionaire in the world.
With presence in 35 countries on five continents, Hinduja Group has businesses spread across automotive, IT, media, entertainment and communication, infrastructure, oil and gas, power, real estate and healthcare.