GMR group's overseas business strategy in 2 months: Chairman
India's GMR Group will come out with a strategy in a couple of months on how to go about overseas operations, comprising airports and power.
By PTI |
ISTANBUL: India's GMR Group, which has bagged an airport modernisation project in this Turkish city, will come out with a strategy in a couple of months on how to go about overseas operations, comprising airports and power.
"We are working out our strategy for international business. In a couple of months, we are coming out with a strategy, which countries we will work, which areas to work, whether to go with partnership or not," GMR Group Chairman G M Rao said.
A strategy is needed in international business because the group wants to create value for stakeholders, Rao said, adding that it has already appointed Ranjit Murugason as CEO of International Business Division, based in London.
Rao said the strategy will scan whether the group should go for greenfield or running projects in areas of power and airports.
GMR Group has been given a 20-year licence to operate Istanbul Sabiha Gokcen International Airport through a consortium comprising two other firms.
When asked whether the group has a particular figure for investment in international operations, he said the numbers would be mentioned in operating plan, which would come after the strategic plan.
"First, we will work out a strategy, after which the operating plan will come. We will make an operating plan for three or five years, and in that investment numbers will come," he said.
The group would also come out with a strategy on urban infrastructure, Rao said, but added that it would focus only on Indian markets. "In urban infrastructure, we are not looking internationally, only in India," he said.
"We are working out our strategy for international business. In a couple of months, we are coming out with a strategy, which countries we will work, which areas to work, whether to go with partnership or not," GMR Group Chairman G M Rao said.
A strategy is needed in international business because the group wants to create value for stakeholders, Rao said, adding that it has already appointed Ranjit Murugason as CEO of International Business Division, based in London.
Rao said the strategy will scan whether the group should go for greenfield or running projects in areas of power and airports.
GMR Group has been given a 20-year licence to operate Istanbul Sabiha Gokcen International Airport through a consortium comprising two other firms.
When asked whether the group has a particular figure for investment in international operations, he said the numbers would be mentioned in operating plan, which would come after the strategic plan.
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"First, we will work out a strategy, after which the operating plan will come. We will make an operating plan for three or five years, and in that investment numbers will come," he said.
The group would also come out with a strategy on urban infrastructure, Rao said, but added that it would focus only on Indian markets. "In urban infrastructure, we are not looking internationally, only in India," he said.
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