Basalt Projects Group of Companies opens the representative office in India

Basalt Projects Group of Companies in cooperation with the international company IBel Trading Limited opens representation office in Republic of India. The main goal of cooperation – development of the basalt industry in India and the nearby countries, such as Nepal and Bangladesh.

According to arrangements, Basalt Projects Group provides technological solutions for the implementation of projects on creation of the continuous basalt fiber (CBF) and composite materials based on it, as well as render comprehensive assistance in expansion of markets and application of basalt products by enhancing normative framework of the country. This agreement corresponds to the plans of the government for strengthening of industrial cooperation of the Russian Federation with Republic of India which were discussed during the December 2014Russian-Indian summit in New Delhi. Over 20 documents were signed on interaction in a number of branches within negotiations of the president of Russian Federation Vladimir Putin and the prime minister of India Narendra Modi: energetics, technologies, infrastructure and military industrial complex.

“New prospects for the Russian-Indian cooperation will appear after the beginning of functioning of the Eurasian Economic Union (January 1,2015). We have discussed in details practical measures for diversification of mutual trade and further accumulation of investments. We agreed to stimulate companies of our countries towards closer mutual collaborations. To switch to national currencies in mutual settlements more actively” – Vladimir Putin declared.

Our countries cooperation simplifies fact that the majority of technological state standards of the Russian Federation and India are very similar as at the time of the USSR large-scale constructions and the large enterprises were completely created by the Soviet experts. For Basalt projects company this is not the first entry into the perspective foreign markets: in the second half of 2015 the agreement about participation of the company in construction of plant on production of CBF and composites in Saudi Arabia was signed and steps into the Chinese market are made.

AO Basalt Projects (Russia) – provides a full range of consulting, engineering and management services on creation of production plants for basalt fiber and basalt fiber-based semi-finished products.

IBeL Trading Company Limited (UAE) gathered an international team of engineers, production workers, financiers, marketing specialists, economists, scientists and international companies, accumulated their knowledge base and experience in the sphere of mining and gas, energy industry, metallurgical and chemical industry which are priority activities of the company. At the moment IBeL Trading Limited actively develops other directions of business, including basalt technologies.

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