India and UK based Enso Group joins hands with Singapore based Tania International Pte Ltd. to set up a Joint Venture, Enso Singapore Pte Ltd which will acquire businesses in East and South-east Asia. The group is into mineral exploration, oil & gas and other industries with operations around the globe.
The group's Chairman Vinay Maloo and Tania Group Chairman M. Badiuzzaman inked the deal in January in Dubai's Address hotel. The proposed JV would be looking for natural resources and other lucrative opportunities in this region. "This is our second venture floated from this part of the globe but first one that will focus on business activities in East and South-East Asia. Tania International is our strategic partner. We are pleased to be associated with this futuristic and humble group", said Enso chairman in a jovial mood at the momentous occasion.
M. Badiuzzaman expressed his thoughts saying, "Going global is inevitable and we are taking a small leap in this direction with this new venture". South-east Asia is rich in minerals and metals as well as hydrocarbons with countries like Indonesia, Cambodia, Burma and Vietnam having abundant iron ore, oil and natural gas, coal, copper, aluminium and traces of gold. Enso Group was recently designated by the International Quality Summit Committee to receive IQS Award in Gold Category in New York for Total Quality Management Model in the BID (Business Initiative Directions) annual congress.