Water Treatment Plants-Joint Venture In India

25 Jan 2008.

Futura HealthCare Pvt Ltd,

Chennai,

India.

Dear Sirs,

 We are a company based in India.We are in the export of pharmaceutical products.One of our group companies is in the field of infrastructure like building Roads, Bridges. etc.

They are in the process of getting into areas like Water Treatment Plants, Lifts irrigation etc.

Perhaps you may be aware that with the Indian economy growing at 8.5% to 9% annually, India is a very potential market .Besides, it is estimated that in the next 5 years around USD 450 Billion will be spent on infrastructure projects  in India.

Our group company is scouting for technical tie-ups on Joint Venture basis with overseas companies in Water treatment in USA ,UK ,Canada,Australia, Singapore etci. 

To give you an idea of the potential , recently one of the Municipal Corporations in India  has floated a tender for a Water treatment Plant in Bangalore with a capacity of 550 mld (million litres per day). The project is estimated at USD 500 Million.and is to be completed in 23 months after finalistion of the tender

We are looking at Water treatment Companies in USA, UK,Australia, Canada, Singapore etc who would like to enter the Indian market to explore the possibility of associating with us in Water Treatment business in India on a long term basis on mutually acceptable terms and conditions. 

The understanding of the joint venture will be like this. We, the Indian company will be bidding for Projects in Water Treatment &Waste treatment.

To meet the technical criteria towards bidding for projects in India,we would like to tie-up with international organizations of standing in this field to jointly associate with  us at the time of bidding. We  will function as the local contactor to implement the project in time based on the JV expertise.

In case this proposal interests you we can develop the subject further.

Awaiting your reply.

Regards,

T.R.Balaraman.