China, Japan among four nations ready to invest in Mumbai sea link project

[Ryuzaki]

MUMBAI: A cash strapped Maharashtra government which was struggling to seek investment to execute the Rs. 11,000 crore 22 Km Mumbai Trans-harbour Sea Link from Mumbai to Navi Mumbai has suddenly received a shot in the arm as it has now four countries vying to finance and build the project. While Maharashtra had initially approached Japan International Co-operation Agency (JICA), the Chinese government also evinced interest in financing the project when Chief Minister Devendra Fadnavis visited China in May. State government officials have now told ET that besides Japan and China, UK and Germany are also in touch with the Fadnavis government expressing their willingness to finance the project.

However, all the countries have put forth certain conditions. The UK for instance has put forth a condition that 20 per cent of the project work should be given to firms in the UK, 30 per cent could go to Indian firms and the rest 50 per cent could be given to other firms abroad. Germany on the other hand wants 50 per cent of the project work to go to firms in its country, 30 per cent to Indian firms and the rest to other firms abroad.

Interestingly China has not forth any condition. However, a top state government official said the Chinese are expecting that the entire project work involving the sub contracts should be given to firms from China alone.


Read more at:
China, Japan among four nations ready to invest in Mumbai sea link project - The Economic Times

 

[baajey]

MUMBAI: Interestingly China has not forth any condition. However, a top state government official said the Chinese are expecting that the entire project work involving the sub contracts should be given to firms from China alone.

pakistan samajh rahe hai kya ?

 

[Jackdaws]

As a Bombayite - put it to vote for the citizens. I'd for for Germany.

 

[IND151]

MUMBAI: A cash strapped Maharashtra government which was struggling to seek investment to execute the Rs. 11,000 crore 22 Km Mumbai Trans-harbour Sea Link from Mumbai to Navi Mumbai has suddenly received a shot in the arm as it has now four countries vying to finance and build the project. While Maharashtra had initially approached Japan International Co-operation Agency (JICA), the Chinese government also evinced interest in financing the project when Chief Minister Devendra Fadnavis visited China in May. State government officials have now told ET that besides Japan and China, UK and Germany are also in touch with the Fadnavis government expressing their willingness to finance the project.

However, all the countries have put forth certain conditions. The UK for instance has put forth a condition that 20 per cent of the project work should be given to firms in the UK, 30 per cent could go to Indian firms and the rest 50 per cent could be given to other firms abroad. Germany on the other hand wants 50 per cent of the project work to go to firms in its country, 30 per cent to Indian firms and the rest to other firms abroad.

Interestingly China has not forth any condition. However, a top state government official said the Chinese are expecting that the entire project work involving the sub contracts should be given to firms from China alone.


Read more at:
China, Japan among four nations ready to invest in Mumbai sea link project - The Economic Times

Interesting news

 

[kbd-raaf]

Japan it is then.

 

[IND151]

Japan it is then.

Both Japan and Germany will be good choice, I think.

 

[Echo_419]

MUMBAI: A cash strapped Maharashtra government which was struggling to seek investment to execute the Rs. 11,000 crore 22 Km Mumbai Trans-harbour Sea Link from Mumbai to Navi Mumbai has suddenly received a shot in the arm as it has now four countries vying to finance and build the project. While Maharashtra had initially approached Japan International Co-operation Agency (JICA), the Chinese government also evinced interest in financing the project when Chief Minister Devendra Fadnavis visited China in May. State government officials have now told ET that besides Japan and China, UK and Germany are also in touch with the Fadnavis government expressing their willingness to finance the project.

However, all the countries have put forth certain conditions. The UK for instance has put forth a condition that 20 per cent of the project work should be given to firms in the UK, 30 per cent could go to Indian firms and the rest 50 per cent could be given to other firms abroad. Germany on the other hand wants 50 per cent of the project work to go to firms in its country, 30 per cent to Indian firms and the rest to other firms abroad.

Interestingly China has not forth any condition. However, a top state government official said the Chinese are expecting that the entire project work involving the sub contracts should be given to firms from China alone.


Read more at:
China, Japan among four nations ready to invest in Mumbai sea link project - The Economic Times

We should go for the UK or Japanese proposal

 

[PatriotLover]

pakistan samajh rahe hai kya ?

Work here is done by Pakistani workers also. Check pics in the Pakistan sections. All workers are Pakistani.

 

[Echo_419]

As a Bombayite - put it to vote for the citizens. I'd for for Germany.

Germans are demanding 50% of the work in comparison to UK-20%,Chinese-almost the entire thing & Japanese conditions are very generous

Both Japan and Germany will be good choice, I think.

Germany wale luth rahe better to go with the Brits or Japanese

 

[Ragnar]

Japanese conditions are very generous

what are Japanese conditions?

 

[Matrixx]

Work here is done by Pakistani workers also. Check pics in the Pakistan sections. All workers are Pakistani.

entire world knows your open secret...
if you want I can share some your media video where they are crying about it

 

[baajey]

Work here is done by Pakistani workers also. Check pics in the Pakistan sections. All workers are Pakistani.

thank u for illuminating my ignorance.
btw, what about engineers, managers, consultants, vendors for equipments ??
i have heard that wherever the chinese companies go, they bring A to Z personnel from china itself.
good to know pak is an exception here

 

[IND151]

entire world knows your open secret...
if you want I can share some your media video where they are crying about it

Stick to topic else thread will go to trolls.

 

[saurav]

itna paisa to Indian companies bhi laga sakti hain... No mention of condition by Japan..?

Basically both Germany and UK want 30% work to be done by Indian firms. Not good enough. Atleast 50% work should be given to Indian firms..

 

[Ryuzaki]

itna paisa to Indian companies bhi laga sakti hain... No mention of condition by Japan..?

Basically both Germany and UK want 30% work to be done by Indian firms. Not good enough. Atleast 50% work should be given to Indian firms..

Most Indian infra companies(maybe except L&T) are deep in debt