WorleyParsons has signed a joint venture agreement with an existing Indian engineering services company, Kirpalaney & Associates (Engineers) Private Limited.
WorleyParsons Kirpalaney Pvt Limited will commence operations with effect from 1 November 2006, with 200 people located primarily in Mumbai.
The joint venture, although not material in a quantitative sense, is considered important strategically as it provides a low risk entry into a high growth region. The joint venture provides a platform for delivery of WorleyParsons services to existing clients in India. It also gives immediate access to a large resource base to support other WorleyParsons businesses and a High Value Engineering (HVE) resource pool.
WorleyParsons currently employs a large number of Indian technical staff throughout South East Asia and the Middle East.
In turn, access to the WorleyParsons brand will allow the joint venture to access local and international markets not currently available to it. It will provide personal development opportunities for its staff through greater training and project opportunities.
