Indian companies take over $ 48 million Maldives project – the Indian Panorama
ABL – Indira Projects JV – A joint venture between Ashoka Buildcon and Chennai-based Indira Projects & Developments signed a $ 48 million (350 crore rupee) infrastructure contract with the Maldives Police Department for the design and the construction of police stations, barracks and detention centers.
India’s EXIM bank is financing 85% of the total construction cost through the buyers credit facility. The Indian government maintains cordial relations with the government of Maldives and the construction of police facilities in the Maldives will be a landmark project of relations between the two governments.
Bhupesh Nagarajan, President of Indira Projects is a graduate civil engineer with experience in the construction industry in India, Singapore, Thailand, Malaysia and Vietnam. Indira Projects was recently incorporated in the Maldives. Indira Projects is a patron of the Builders Association of India and the Indian Green Building Association. Indira Projects is an associate member of the Federation of Indian Chambers of Commerce and Industry (FICCI) and is also a corporate member of TCC and the Tamil Chamber of Commerce.
Indira Projects is a corporate member of CII [Confederation of Indian Industry]. Bhupesh Nagarajan is the organizer of the FICCI TN Council (Infrastructure). This agreement was signed by the Maldives Police Commissioner Mohammed Hammed and ABL Indira Projects JV Chairman Bhupesh Nagarajan in the presence of the Indian High Commissioner to the Maldives Sanjay Sudhir and other government officials. Maldives.
Bhupesh Nagarajan said the government of Maldives aims to improve the Maldives’ police infrastructure, including Island Police Stations, Island Police Stations, Atoll Police Stations, Male and Hulhumale Police Stations, Police personnel barracks, expansion of facilities and a detention center on Dhonidhoo Island in total 61 Facilities in different 61 islands of the Maldives.
Improving the Maldives police facilities will more effectively support the law enforcement system and improve the overall law and order situation in the Maldives. The implementation of this project will support the vision of the Government of Maldives to make the Maldives a beautiful, bright and safer country for Maldivians and tourists from all over the world. This project is awarded to ABL Indira Projects JV – Joint venture between Indira Project & Developments
Private Limited, India and Ashoka Buildcon Limited, India.
The project is worth $ 48.1 million, 85% of which is financed by EXIM Bank India in the form of a 12-year loan facility. It’s a design and build project. The contractor will design the project in accordance with Maldivian regulations and international regulations, including Mandela’s regulations for the detention center. The project is spread over 61 different islands from north to south of the Maldives covering the entire region of the country.
The government of Maldives aims for this project to lead to the establishment of police stations across the Maldives and facilitate the delivery of modern and democratic services required by the people in a decentralized system. It will also enable the establishment of infrastructure that will meet international detention standards and basic requirements for police facilities.
More than 500 workers and 100 engineers needed for the project will be withdrawn from Tamil Nadu and preference will be given to those who have lost their jobs and returned from the Gulf countries. Three Indian companies participated in the tender. The company plans to take infrastructure development projects in Africa and Mauritius and plans to go global. Talks are underway. The total area to be built is 750,000 square feet across the Maldives
The raw materials needed for construction will come from Tamil Nadu, providing indirect jobs. The company has an advisory office in Singapore and the Maldives and plans to expand its operations. Plans are underway to hire special planes to take workers to the Maldives. The Maldives will issue work visas to Indian workers and engineers who have received two doses of vaccination and there is no quarantine.
The inauguration will take place in October jointly by the President of the Maldives and the highest Indian leader, which will be decided soon in the presence of the Indian High Commissioner to the Maldives who extends his full support to the project. It will be completed in less than three years. The approved Maldives salary structure will be followed in the payment of salaries to workers and engineers. The company is currently building a resort in Marakkanam with 150 rooms. The agreement was signed by Bhupesh Nagarajan and Mohammed Hameed, Police Commissioner, Maldives Police Department.