MRCB Signs Mou With Adani Realty

Date: 3 April 2017
Companies: Malaysian Resources Corporation Bhd (MRCB) and Adani Realty

MRCB and Indian developer Adani Realty signed a Memorandum of Understanding (MoU) with the intent of exploring opportunities to co-develop convention centres throughout India.

Tan Sri Mohamad Salim Fateh Din, group managing director of MRCB, and Ajay Munot, group chief executive officer of Adani Realty, exchanged the non-binding MoU during the Malaysia–India Business Forum & Luncheon held at New Delhi, which discussed strategic partnerships between Malaysia and India.

“I am delighted that we have signed this MoU with Adani Realty today,” said Mohamad. “This is our first foray into India, and in Adani Realty, I believe we have found an excellent partner, which will complement our strong expertise in transit-oriented developments to leverage the tremendous opportunities in this country.”

Ajay added, “We are pleased to partner with MRCB, one of Asia’s premier real estate and infrastructure company. Adani Realty, with its vision for nation-building, intends to bring on board MRCB’s excellence in execution and cutting-edge technology into all infrastructure and real estate offering across India for creating marque solutions.”

Adani Realty is part of the Adani Group, a conglomerate involved in infrastructure and development.