792-Dr. J. K. Patel Institute Of Management - Gujarat Technological ...

There are a number of joint ventures and investments undertaken
by UAE companies in India. EMMAR, a real estate company of Dubai Government,
is active in the real estate sector having already set up a major township, an
international conventioncentre and a golf course in Hyderabad. Emaar and
India's MGF Development Limited, joined together to form India's largest FDI in real
estate amounting to over half a billion dollars for projects with a capital outlay of
US$4 billion (Rs.18,000 crore) and constructed flats for the Commonwealth Games
(2010) Village.
Dubai Ports World is now operating 6 major Ports in India
at Nhava Sheva, Navi Mumbai, Chennai, etc, following its acquisition of the P&O of
U.K. DP World was awarded a $150 million contract in 2007 for work on construction
of the International Container Transshipment Terminal (ICTT)
at Vallarpadam in Kochi (Kerala). The first phase of the ICTT Project
at Vallarpadam (Kochi) was inaugurated by Prime Minister on - February 11, 2011.
The terminal currently has a capacity to handle one million TEUs (twenty-foot
equivalent container units). The planned capacity at Vallarpadam, when fully
expanded, is three million TEUs, making it the country's largest container terminal.
In Gujarat - UAE's company "Dubai Port World", a leader in international marine
terminal operations has a 100% equity stake in the $364.77 million
"Mundra International Container Terminal" (MICT) facility and executes full
operational control.
Ras al-Khaimah (RAK) signed a MoU for a JV with Govt. of A.P for setting up a one
million tonne per annum Alumina plant and a
250,000 tonne aluminium smelter. RAK, represented by the RAK Investment
Authority (RAKIA), will set up a registered company in India to set up the plant which
would use the bauxite resources available in A.P. RAK has already commissioned
the RAK ceramics factory located at Kakinada in AP.
UAE tile manufacturer, RAK Ceramics India, plans to set up a tile plant
in Ahmedabad, at an investment of $150 million. The plant will be commissioned by
early-2012. Many UAE companies have signed MoUs with many state Governments
in real estate and construction fields.
Parul Institute of Management and Research - 792 Page 95