Two Major PSUs get International Offices in Dubai

New Delhi: Two leading PSUs, NMDC Ltd and MECON Ltd’s international offices has been officially inaugurated by Union Minister HD Kumaraswamy in Dubai, UAE, which marks a major benchmark in expanding global footprints of industrial presence in the Middle East. The new office represents a concrete expansion and strategy of NMDC Ltd and MECON Ltd into global markets, which will enhance new trading partnerships and raw material security to strengthen self–reliance amid boosting international competition in the mining and minerals sectors.

This new initiative is set to mark as a strategic hub for NMDC, which would be applauding developments in the mineral sectors across different regions such as Africa and Australia, including regulatory changes and government policies.

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This will maintain a core focus on mineral assets along with facilitating engagements with government bodies, business partners, and research institutions.

The establishment of an international office is expected to provide real-time strategy in terms of market scenario and decision-making capacity to give a better response to global opportunities and build a reliable and sustainable future confidence with peer companies.

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NMDC Ltd is currently gauzing acquisition opportunities in several strategic mineral assets globally and exploring critical mineral block acquisitions in Africa, Australia and South America to strengthen its presence in the global critical mineral value chain as part of its global mineral diversification strategy.

In a similar pattern, the inauguration of MECON Limited work place in Dubai office, an engineering consultancy firm which is all set to magnify its global footprint in infrastructure and industrial consultancy across the Middle East and Central part will mark a significant step in showcasing India’s engineering expertise on the global stage, particularly in sectors including engineering, oil and gas, mining, and steel manufacturing.

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