Kinetic partners with Italian firm FGTecnopolo

Speaking on this occasion, Sulajja Firodia Motwani, Director, Kinetic FGT said, "India is on an unprecedented path of growth and over the next 10 years, there will be a tremendous growth in infrastructure, construction, retail and hospitality industry. The current Infrastructure & construction industry value in India is at INR5,170bn (US$114.9bn). Kinetic group already has a presence in both

Engineering and design area with its engineering center at KCL and in infrastructure products segment, through its JV with Hyundai for elevators and moving technologies. We would like to leverage the available expertise and relationships in the market and design Infrastructure and combine the same with FGTecnopolo's world class strengths in areas of design, architectural and engineering services and we hope to make a mark in this sector.

"The Indian infrastructure segment has witnessed robust growth over the past decade and by joining our complementary forces, we have created synergies to tap the mushrooming Indian market. Kinetic FGTecnopolo will demonstrate a new business model and offer value added services to its customers. FGTecnopolo's capabilities and extensive European market knowledge and Kinetic's presence in the Indian market will help to be more effective", said Stefano De Marchis, FGT Advisors, Chairman of FGT Advisors and Director of FGT India.

Kinetic has already entered this sector via its Joint venture with Hyundai Group of South Korea, called Kinetic Hyundai Elevators and Moving Technologies Limited, that specializes in Elevators, Escalators, moving walks, and Automated Parking Systems. Kinetic- Hyundai is one of the leading companies in this field in India now, and working with many leading players including 5 star hotel chains, leading real estate and infra groups like Reliance, Ansals, Prestige, Oberoi, Kumar, Panchsheel, and many others.