Indian companies are likely to be in Iraq’s reconstruction
Indian steel companies directed towards the reconstruction process in
Iraq after the war, are making a great effort to participate in this process. It is reported that PCP International of
India, representing engineering and allied enterprises such as Tata and Essar, established several warehouses in southern
Iraq in order to operate as
distribution centers. Added to that, Ispat Industries Limited (IIL) has become a potential supplier of a major contractor in
Iraq charged for the reconstruction which is namely Bechtel located in California.
It is quite interesting that steel exports from
India to
Iran, which is believed to be basicly for
Iraq as it is much more easier to move these orders by road, has increased up to 50'000 ton from 5'000mt in last couple of months.
According to industry analysts, other Indian mills determined to participate in the biddings for
Iraq's reconstruction, are expected to follow PCP International and IIL.