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Our Bureau

Thiruvananthapuram, Dec. 8 The city-based Floatels India Pvt Ltd and the Sydney-based J.S. Parsons Structural Consultants Pty Ltd will work together to set up marinas in India.

The two companies plan to form a 50:50 joint venture that will design and build marinas, said Mr M.R. Narayanan, Managing Director, Floatels India, and Mr Joshua Parsons, Managing Director, J.S. Parsons Structural Consultants. While Floatels India has interests in hospitality and construction, J.S. Parsons has worked on marina projects across the world.

The joint venture company will be registered in India and will fabricate the marinas in the country. Land for setting up the fabrication unit has been identified in Kochi, they added.

Initially, the company will look at working on marina projects in India, Mr Narayanan said. Over the period, it also plans to fabricate marinas in India and export them to other parts of the world, Mr Parsons added.

According to Mr Narayanan, there is a need for well-designed, modern marinas in India. There is tremendous potential for water-based leisure activities in India, especially given the country’s long coastline.

And modern marinas can help boost such tourism-related activities. In Kerala, the Government has plans to build marinas in Kochi and Alappuzha, he added.

Marinas create significant employment opportunities, with every berth in a marina generating employment for up to 10 people, Mr Parsons said. They also create economic benefits for associated industries such as boat building, restaurants and so on.

More Stories on : Alliances & Joint Ventures | Resorts & Amusement Parks | Tourism

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