Parker Plant Ltd of the United Kingdom and Apollo Inffratech Group of India are pleased to announce that they have entered into a joint venture agreement to manufacture Parker’s range of mobile and static asphalt plants in India.
Parker Plant Ltd was formed in 1911 and has an extensive product portfolio which incorporates mobile and static asphalt plants from 10‐500 tph.
The newly formed joint venture is currently building a state‐of‐the‐art manufacturing facility near Mehsana, Gujarat, where Parker’s full range of batch and counterflow drum‐mix asphalt plants will be manufactured.
In welcoming the joint venture, Brett Dalby, Parker Plant’s Sales Director said, “The trajectory for India’s growth is impressive. We are delighted to join forces and invest in India with Apollo Inffratech Group to meet the exacting needs of such a vibrant market.”
Apollo Inffratech Group’s Managing Director, Mitul Patel, commented “Apollo is pleased to add such a strong brand to its group.”
The addition of such an extensive range of asphalt plants complements the group’s current activities in the concrete sector, where Apollo has gained tremendous success.
Mitul Patel went on to say, “With this latest joint venture the Apollo Inffratech Group has taken a further step to realise our respected Prime Minister’s ‘Make in India’ call, in manufacturing equipment to build a world class infrastructure for the new India.”
“The Joint Venture of Apollo Inffratech with UK’s Parker Plant is a testimony to the massive growth potential of India” said Shri Amitabh Kant CEO, NITI Aayog. “The JV will contribute to India’s vision of becoming Aatma Nirbhar or self-reliant while at the same time deepening our integration with the global value chains. It will bring new technology for greater innovation in the construction sector.”