PUBLIC PRIVATE PARTNERSHIP - SIGNA INFRASTRUCTURE INDIA LIMITED
Central and State Governments are today committed to Public Private Partnership (PPP) as a model for developing large infrastructure projects.
MARG Group Limited has partnered with Housing and Urban Development Corporation Limited (HUDCO) in a Joint Venture, named Signa Infrastructure India Limited. In this joint venture MARG and HUDCO hold 74% and 26% stake respectively.
SIGNA Infrastructure India Limited, the JV Company floated in PPP, between MARG & HUDCO reflects our desire to participate in this vision. SIGNA brings together the strengths of both sectors – Technical know how of HUDCO & MARG’s experience in infrastructure project implementation.
HUDCO is a premier Techno-Financing institution of the country, in the field of Housing & Urban Development, wholly owned by the Government of India and also focuses on the social aspect of housing and utility infrastructure provision.
The JV between MARG and HUDCO will bring in synergy of the strength of the public sector and the private sector. The joint venture will act as a vehicle for entering into understandings and setting up more ventures with various State Governments, their corporations, technology and domain experts and private and institutional investors for promoting "public-private partnership" for infrastructure development.
The main domain of the JV will be infrastructure projects like fishing harbors, seaports, airports and road projects.
Central and State Governments are today committed to Public Private Partnership (PPP) as a model for developing large infrastructure projects.
