UK co to invest Rs 400 crore in nuclear, core sectors

MUMBAI: UK-based engineering consultant Pell Frischmann plans to invest Rs 400 crore in the nuclear and infrastructure sectors in India, a senior company official said.

���The Indo-US nuclear deal has finally been inked, we propose to participate in nuclear power projects coming up in India. We are one of the top three players in the nuclear consultancy in the world. This will enable us to grow in the country at a much faster rate,��� S Sudhakar Prabhu, chief executive officer, Pell Frischmann, said.

Mr Prabhu said Pell Frischmann intends to invest Rs 400 crore in the country through transfer of technology and expertise and would enhance employee strength from 450 to 1,000 in the next three years.

The Indo-US nuclear agreement has opened the door for many international power giants to enter the nuclear power sector in the country. India envisages adding 30,000 mw of nuclear power generation in the public sector in the next 20 years, which means business worth $100 billion for nuclear reactor suppliers and civil construction firms.

Nuclear reactor suppliers such as, General Electric and Westinghouse Electric and civil construction firms such as, Bechtel have announced plans to enter Indian nuclear sector.

Mr Prabhu said Pell Frischmann Group also wants to be a major player in India in infrastructure and project management with special focus on transport. Pell Frischmann is involved in India���s many big core projects, such as the Mumbai ��� Pune Expressway, Indira Gandhi International Airport, and Biotech Park in Pune.