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Our Bureau

Major investments and joint ventures in the field of electronics engineering and engineering design services likely.

Kochi , Aug. 18

Worbus Capital Resources Ltd, a global marketing consultancy and business growth company, intends to bring about Rs 750-crore investments in gross transaction volume (GTV) in Kerala by 2008 in varied sectors such as software, knowledge process outsourcing, electronics, industry, etc.

The company has held discussions with the State Government in this regard as the State has a huge talent pool and could be able to bring in major investments and joint ventures in the field of electronics engineering, engineering design services and the like, Mr George Molakal, International Director, Worbus International LLC, said at a press meet here on Friday.

Global alliances

Kerala has been under the scope of Worbus and a few projects are under way in the State. The company is working with its client NeST Group to bring in several global alliances.

These alliances will bring in more than Rs 450 crore for NeST over the next four years, he said, adding that it had helped NeST to sign an agreement with Humanetics, a US-based sheet metal fabricating company, for a business alliance.

He pointed out that the talent pool of Keralites is channelled into other States due to poor Government support to MNCs entering India. Worbus also recommended the State Government to appoint a strategic investment head to chalk out a plan to bring in investors for the State.

Regarding the company's Indian operations, Mr Molakal said Worbus had executed more than 24 projects over the last one year in the fields of automobile component sector, biotechnology, chemical industry, electricals and electronics, nanotechnology, mega construction investment etc. The company had brought in more than $300 million in GTV through these projects in India. "We forecast that we will be able to bring in about $ 1 billion in GTV by 2008", he said.

Setting sights on India

Worbus sees India on its tipping point at the moment. The world is looking towards India due to its vast talent pool, which is 28 per cent of the global talent pool and significantly higher than China, Russia or East European countries, Mr Molakal said.

Worbus Capital Resources Ltd is a mergers and acquisitions company working globally with offices in the US, Canada, Europe, West Asia, India and China.

It works with small to medium enterprises (Rs 10-crore to Rs 2,000-crore companies) analysing their current performance and recommending growth strategies through global alliances, joint ventures and funding the growth requirements through investment funds from institutions, venture capitalists and corporate financing.

More Stories on : Outlook | Consulting | Kerala

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