NEW DELHI: J S Marines Pvt Ltd and two German firms - WW-Planen GmbH and Mutual GmbH have entered into a Joint Venture agreement to supply high tech amphibious extractors to India.
Amphibious extractors are used in cleaning and dredging lakes and water bodies. The Indian government’s push towards the cleaning and dredging of water bodies across the country is expected to provide the JV with sufficient demand to grow its business in the country, especially since high-end extractors are in short supply.
The three way JV will be spearheaded by JS Marines as the lead partner in India, bidding for government tenders and private business.
WW-Planen GmbH will be the technology and equipment partner while Mutual GmbH will be providing high end technology consulting to both companies.
According to Ralf Seifert, Managing Director, WW Planen GmbH, the company had been looking for a partner in the growing Indian market for a while. ”With this Joint Venture we hope to help the Indian government in its endeavor of cleaning its water bodies across India,” he said.
Asheesh Chawla, MD, JS Marines added that there was a significant demand for such services, especially from state governments. “We have seen an increasing requirement by various state governments for high end extractors used in dredging. These high end Amphibious Extractors, developed by WW-Planen, would help the government and private businesses in saving time and costs,” he said.
The Amphibious Extractors are capable of dredging in deep waters and require only 30 minutes to change from water to land or vice versa, according to Chawla.
“We handhold our partners so that they are successful in the markets which otherwise can be very challenging due different to culture and business ethics. Water being a very precious commodity in India, perhaps more important than oil or gold in the coming future, this
Joint Venture would provide India the latest technology for cleaning its water bodies,” said Priyadarshi Sharma. Managing Director, Mutual GmbH.