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Tulip Infratech signs JV with China’s CCTEB for infra projects

Thursday, 07 Dec 2017
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Tulip Infratech, a real estate company, has signed a joint venture (JV) with China-based China Construction Third Engineering Bureau (CCTEB) to develop strategic infrastructure in India.

Tulip Infratech will be focusing on three areas -- infrastructure, affordable housing and high-rise buildings.

Tulip Infratech and CCTEB will jointly bid and develop projects in the country and target an order book of about Rs 20,000 crore in the next two-three years.

The two companies will form a consortium to bid for such projects. They will have 50:50 partnership in each project that the consortium bags, unless there is some other requirement in the bidding process.

Tulip Infratech Pvt. Ltd.
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