BWI: Tiana Group Announces Plans to Work with Mitsubishi Corporation in Diverse Sectors

Press release from Business Wire India
Source: Tiana Group
Tuesday, May 11, 2010 03:00 PM IST (09:30 AM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Banking & financial services, Business services, Energy companies, Major diversified industrial groups
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Tiana Group Announces Plans to Work with Mitsubishi Corporation in Diverse Sectors


Pune, Maharashtra, India, Tuesday, May 11, 2010 -- (Business Wire India) -- -- Power, Infrastructure Development, Housing, Automotives, Airlines, Railways, Cement, Oil & Gas, Banking and Electronics among major areas of co-operation
-- Tiana Mitsubishi to sign MOU in Pune next week.
-- Centre accords in-principle approval to Tiana Group to set up 90 power plants in the country

The diversified Pune based Tiana Group has plans to muster the co-operation of Japanese industrial behemoth Mitsubishi Corporation in the area of power generation, infrastructure development, oil & gas and an array of industry and services sectors in India.

The Government of India has accorded an in-principle approval to Tiana Group's plans to set up 90 power projects across the country in hydel, thermal, solar, wind and nuclear power segments using the expertise of Mitsubishi Japan to set up, operate and maintain these power plants.

The Group is committed to supplying low cost power to the Indian consumers and will take the necessary steps right from the beginning. Tiana Group is particularly keen on contributing to the effort of pollution control in India and will seek the help of Mitsubishi Corp in this effort as well Tiana Group of Companies Director Mr. Mohammedi Fatehi said.

Tiana Group of Companies Director Mr Mohammedi Fatehi added that Tiana Group is fully aware of its responsibilities as a power producer towards the environment and co-operation with Mitsubishi will play a major role in limiting the pollution caused by the Groups thermal power projects.

"The Group's thermal power projects in Guhagar and Anjarle (Ratnagiri, Maharashtra) will be free of pollution thanks to the German technology. These projects will not be harmful in any way to the crops or people's health in the area and will not pollute the water in any way. We will in fact try to process, use and reuse sea water in the thermal power generation. Our projects will generate employment, protect environment and improve the standard of living of the local people. We have already announced that the Group will offer land owners educational and medical facilities free of cost and will offer these facilities for others at concessional fees."

Tiana and Mitsubishi Groups will also work together in areas such as Infrastructure Development including construction of roads bridges and houses, Automotives, Airlines, Railways, Shipping, Cement, Oil & Gas, Banking and Financial Services and Electronics.

The two Groups will sign a Memorandum of Understanding in Pune in the next week.

Mr. Hideaki Omiya, Chairman of Mitsubishi Heavy Industries Ltd. will be in Pune for the signing ceremony, for which a high level team of managers from Mitsubishi will also be present. Soon after the signing of the MOU, Tiana and Mitsubishi will sign detailed contracts in Japan, said Mr. Mohammedi Fatehi here today. Other Directors of Tiana Group, including Mr. Gajanan Kanitkar, Shabbir Raja and Nitin Shedge were present on the occasion.

Tiana Group began its operations recently and has ventured into many business sectors such as power generation, import-export, finance, shipping, infrastructure development and leather goods manufacturing. Within a short time, the Group has set on an ambitious path of very big expansion for which it has sought the co-operation of Mitsubishi Corporation. Tiana Group will support the entire financial implications involved in the co-operation, as the Group's projects.

In a short time of less than a year after its inception, the Tiana Group has made spectacular progress. The Group is already a major manufacturer and exporter of high quality leather goods, garments and hosiery for women, men and children. Other companies in the Tiana Group include Tiana Impex Pvt. Limited (import and export), Tiana Leasing and Finance Private Limited (financial services), Tiana Shipping Pvt Ltd. and Tiana Infra Pvt Ltd in infrastructure development.

To view the photograph, please click on the link given below:

L to R Tiana Group of Companies Director Mr. Shabbir Raja, Gajanan Kanitkar, Mohammedi Fatehi and Nitin Shedge
For picture(s)/data to illustrate this release click below:

http://www.BusinessWireIndia.com/attachments/Pic_1(308).jpg
L to R Tiana Group of Companies Director Mr. Shabbir Raja, Gajanan Kanitkar, Mohammedi Fatehi and Nitin Shedge


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KEYWORDS
CONSUMER, MARKETING, BANKING, BUSINESS SERVICES, ENERGY, GROUPS

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