The Hindu Business Line : US construction co Exceed to build IT park in Chennai

THE US-based construction company, Exceed International, has begun its Indian operations with a mandate to construct a "high-rise IT park" in Chennai.

The Rs 5.5-crore project on behalf of Bascon Technology Park would be the construction company's foothold in India. Company officials said the project is to begin next month and would be completed in a year.

The head of Exceed's Indian operations, Mr David T. Eastow, on Friday announced the formal launch of operations. Exceed's press release said that it planned to invest Rs 50 crore over a three-year period to expand operations.

Mr William Martys, Vice-President of Exceed International US, said that the company's safety procedures in Indian would be on par with that elsewhere. The company is scouting for business opportunities among industrial units in Chennai that aimed to expand production facilities.

Exceed's Indian operations will focus on construction and contract management, property development and infrastructure projects. The Indian operations also include an information technology wing that handles product development and consultancy.

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