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World Bank criticises Indian road contractors on JVs

New Delhi, Oct 06, 2009 (Asia Pulse Data Source via COMTEX) --

Road contractors in India have misused the option of joint ventures as many such partnerships for executing large and medium-sized projects are formed only with the purpose of allowing the minority partner qualify for the bid, a World Bank study says.

The World Bank study titled "India's Road Construction Industry: Capacity Issues, Constraints and Recommendations" has said that the spirit of JV has been flouted in many cases.

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