Navratna public sector undertaking NBCC (India) Limited has bagged a Rs 400 crore project awarded to it by the Department of Commerce, Ministry of Commerce and Industry, Government of India, to construct India Pavilion at the Dubai World Expo 2020.
The Memorandum of Understanding (MoU) has been signed between Shri Yogesh Sharma, Executive Director NBCC and Shri Manoj Dwivedi, Joint Secretary, Department of Commerce, in the presence of Dr. Anup Wadhawan, Commerce Secretary. The scope of work of the project includes Conceptualization, Design and Construction of 4,614 square meters India Pavilion and other utilities.
Apart from showcasing India’s path breaking programmes like ‘Make in India’, Smart Cities, ‘Digital India’, the aim of India Pavilion will also be to showcase India’s strength in innovation and start-ups which are pushing the boundaries in high technology areas like artificial intelligence, fin-tech, space and green energy. The India Pavilion sub- themed as ‘OPPORTUNITY’, will be a fine blend of modern outlook and billion dreams and millions of opportunities with a focus on building a happy world. The immense cultural diversity of India will also be on display at the pavilion.
The Dubai World Expo 2020, which will remain open for six months, is expected to have footfalls of more than 10 million visitors from 200 countries. The main theme of Dubai World Expo 2020 is ‘Connecting Minds, Creating the Future’ with three sub-themes – Opportunity, Mobility and Sustainability – to generate sustainable solutions to global problems, demands and collaboration areas across cultures, countries and regions. NBCC has a strong overseas presence with several ongoing and completed projects in Maldives, Turkey, Oman and Mauritius. Recently, the company has bagged an order worth 20 billion rupees to build high-capacity convention centres in nine different African countries namely Niger, Uganda, Malawi, Zambia, Liberia, Gambia, Burkina Faso, Togo, Gabon. With this World Expo 2020 assignment, the company has added another feather in its global portfolio.
NBCC (India) Ltd is a Navratna enterprise under the Ministry of Housing and Urban Affairs. Certified with ISO 9001:2008 from the Bureau of Indian Standards in respect of Project Management and Consultancy, the company’s present areas of operations are categorised into three main segments: Project Management Consultancy (PMC), Real Estate Development and EPC Contracting.
The company is listed with both the Stock Exchanges since 2012. With consolidated revenue of Rs 7,096 crore, NBCC has been growing with a consistent upward trajectory of 20 per cent CAGR in the past five years. The company’s unique business model has today makes it stand out as a leader in its own right in the construction sector with more than Rs 80,000 crore order book in hand.