May 09, 2007

Indian, UAE realty firms join hands

India-based Tata Realty and Infrastructure (TRIL) and the United Arab Emirates-based Jafza International have signed a memorundum of understanding (MoU) to set up a joint venture to develop and operate a chain of business and logistics parks across India, news website businessstandard. com reported Tuesday. The TRIL is an India-based Tata Group infrastructure and real estate development subsidiary and Jafza International is the global operations arm of Economic Zones World. Jafza International currently manages seven mega facilities in four countries and has 20 different projects at various stages of development. With the Tata partnership, the company is planning to expand its operations in India, the website said. Source: Xinhua