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4-Traders Homepage  >  Equities  >  Deutsche Boerse AG  >  Minaean International Co.       CA60250R1010

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MINAEAN INTL : International Corp. Signs Memorandum Of Understanding With Gujarat Infrastructure Development Board For Collaboration In Construction Of Dholera Projects

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01/20/2015 | 01:51am CEST

Vancouver, BC, Canada -January 19, 2015 - Minaean International Corp. (TSX Venture Exchange: MIB; Berlin and Frankfurt Stock Exchanges: NJA) is pleased to announce that it has signed a Memorandum of Understanding (MOU) with Gujarat Infrastructure and Development Board (GIDB) for execution of contracts in relation to Dholera Special Industrial Region (SIR) in Gujarat, India. The MOU was signed as a part of the three member Canadian consortium for execution of contracts involving the township development of Dholera SIR and is an initiative championed by India's current Prime Minister, Narendra Modi. The design and planning is partly done by a group of Canadian engineers and will be put on the implementation stage upon approval from GIDB. The MOU was signed on January 11th, 2015 at the 7th Vibrant Gujarat summit held in Gandhinagar, India with Canada's Minister of Labour and the Status of Women Hon. Dr. K. Kellie Leitch in attendance.

Mr. Hari Varshney, Chairman of Minaean, commented, "This is a great milestone for Minaean and for Canadian companies who look towards developing business opportunities in India. With the country poised to regain its status as one of the fastest growing global economies under the leadership of Prime Minister Modi and the focus put on the development of industry and infrastructure, Minaean is gearing itself for partnerships with larger corporations for execution of these projects".

A copy of the official news release published by the Canadian Trade Commissioner's office is reproduced below:    

About Minaean 

Minaean International Corp. is a company well known for its pioneering efforts in the manufacture of light gauge steel components for the construction industry and modular metal buildings in India. The strong, affordable, ecologically sustainable structures present a promising solution to the mass housing shortages in developing countries in addition to a range of conventional applications.

The shares of Minaean International Corporation (parent company) are publicly traded on the TSX Venture Exchange under the symbol "MIB" and on the Berlin and Frankfurt Stock Exchanges under the symbol "NJA". For more information, please visit www.minaean.com.

On behalf of the Board of Directors
MINAEAN INTERNATIONAL CORP.

"Mervyn Pinto"
 Mervyn Pinto, President & Director

NEWS RELEASE

January 12, 2015 / No. 201501-06

Canadian Consortium Sign Agreement with Gujarat Infrastructure Development Board

A consortium of Canadian infrastructure companies represented by Stantec Consulting and Minaean International Corp signed a Memorandum of Understanding with the Gujarat Infrastructure Development Board (GIDB) at Vibrant Gujarat. The agreement marks an important step in Canada's contribution to Delhi-Mumbai Industrial Corridor projects.

Canadian consulting and engineering firms have already been active contributors to the Delhi-Mumbai Industrial Corridor (DMIC).  The signing of the MOU between the Canadian Consortium and Gujarat Infrastructure Development Board will open the door for increased collaboration and cooperation by Canadian companies in the Dholera Special Industrial Region.

Speaking following the signing, Canada's Minister of Labour and the Status of Women Minister Dr. K. Kellie Leitch said "Gujarat's urban development story is being watched by the world, and this is an exciting opportunity for Canadian companies to be part of it. The members of the consortium are renowned in Canada and abroad for contributing to world class urban centers."  In addition to Minister Dr. K. Kellie Leitch, the Premier of the Province of Prince Edward Island, Robert Ghiz and Ontario Minister of Provincial Parliament Dipika Darmela also witnessed this historic agreement.

The consortium is comprised of:

Stantec: a professional consulting firm with expertise in planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics.

Minaean International Corp: A light gauge steel construction company with expertise in environmentally friendly infrastructure and housing projects

WSP Global:  A leading professional services firm with expertise ranging from environmental remediation to urban planning, from engineering iconic buildings to designing sustainable transport networks, and from developing the energy sources of the future to enabling new ways of extracting essential resources.

Canada is the 4th largest exporter of engineering services globally, while Canadian architects, designers and project managers are known for their creativity and ability to innovate. Canadian companies are recognized for their high-level of project management; specialized technical skills and for developing environmentally friendly technological solutions that combine innovative design with high quality and look forward to engaging in India's infrastructure projects.

For more information please contact:
Ms. Ritika Nandkeolyar, Consul - Political/Economic and Public Affairs:
+91 22 6749 4489/+91 99675 15930; Ritika.Nandkeolyar@international.gc.ca
Ms. Elaine D'Souza, Public Diplomacy and Communications Officer: +91 22 6749 4432/+91 77380 84728: Elaine.Dsouza@international.gc.ca

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