Mr Tang Tat Kwong (Chairman, JTCi Consultants (India))
Mr Rao Munukutla (CEO, JTCi Consultants (India))
Mr Vikas Oberoi (Managing Director, Kingston Properties)
Distinguished guests,
Ladies and Gentlemen

Introduction
1. Thank you for inviting me to this joyous occasion, which brings together Singapore and Indian expertise in creating a new commercial development for the city of Mumbai.

Infrastructure Opportunities in Mumbai
2. Mumbai's unrivalled reputation as the Indian commercial and financial hub presents natural opportunities for infrastructure-related firms as new developments are often sprouting up in this ever-changing city.

3. Indeed, the development of Bandra, the new commercial district just outside Mumbai city is also a testament of the Maharashtra state government's foresight in catering for the expansion of this strategic hub in India.

Jurong Consultants' first foray into Mumbai
4. I am told that even though Jurong Consultants have established a presence in India since 1997, and have garnered extensive experience in 10 cities in India, this project is their first foray into Mumbai.

5. More significantly, this project reflects Jurong Consultants' continued commitment to serve the overall India market. Indeed, ever since their first venture in 1997 in Gurgaon, it is heartening to see the steady progress of their business in India, from providing master planning services of industrial parks to offering a comprehensive suite of consultancy services to their clients.

Adaptability of Singapore Firms Overseas
6. Jurong Consultants, or JTCi Consultants (India) as it is known here, has demonstrated clearly that when venturing overseas, firms need to be adaptable. In this contract secured with Oberoi Construction, Jurong Consultants have displayed their versatility in providing technical consultancy expertise that extends beyond their traditional role as a consultant for industrial/IT parks. They have taken on the provision of the entire value chain of services that will ensure they remain competitive and relevant in the industry.

7. Jurong Consultant's success in India to date also serves to highlight the value of the Singapore brand name. Jurong Consultants have built up an enviable track record with experience in more than 22 large-scale industrial-based projects in 8 countries. In fact, in China, they have secured turnkey contracts which firmly establish their reputation for being able to offer one-stop services to their clients.

8. With India undergoing a tremendous amount of economic, social and physical development, it is natural for Singapore-based infrastructure-related firms to also consider offering similar turnkey services to Indian clients. This will enable firms to have more opportunities in playing a crucial role to develop, design, construct and maintain infrastructure and building facilities.

Conclusion
9. I would like to congratulate both Jurong Consultants and Oberoi Construction in their venture together, and I wish both of you every success in this partnership and all future undertakings.

10. Thank you.

Date : 7 Oct 2002

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Last updated on 18 May 2006