Suchirindia bags big project in Kyrgyz Republic
Hyderabad based Suchirindia Developers (P) Ltd has signed a Memorandum of Understanding with the State Enterprise for Diplomatic Services of the Ministry of Foreign Affairs of the Kyrgyz Republic (Kyrgyzdipservice) for development of Land as well as operation of a Diplomatic City. This is a shot in the arm for Suchirindia, which has a significant presence in the Realty and Infrastructure Industry.
Suchirindia and Kyrgyzdipservice would join hands to set up a JV, initially, for developing the Land of 50806 sq m, owned by the Kyrgyz Republic. This JV would construct the Diplomatic City to cater to the needs of various Embassies and Consulate Offices in the Bishkek city, the capital of Kyrgyzstan. This project includes construction of Embassies, multi-storied residential complexes, schools, hospitals etc with a total outlay of US$ 80-100 mln.
Dr Y Kiran, CEO, Suchirindia said he is upbeat with this development and looking forward for creation of world class infrastructure for the diplomats in Kyrgyz Republic.
Suchirindia is also working on a number of other projects including railway projects in Bihar, mega multi-storied complexes and Hotel complex in Colombo (Sri Lanka), through KSR Infra and SuchirNEB as SPVs. In a span of four years, it has developed over twenty four commercial and residential projects at strategic locations of Hyderabad. The company has an ambitious plan of venturing into first-of-its-kind amusement and adventure parks, named as Suchir’s Kingdom, in Hyderabad.