Dubai-based Manlift Group to invest up to 25 million euros in India

20 Apr 2023 CW Team

Manlift Group, a Dubai-based aerial work platform rental company, has planned an additional investment of up to 25 million euros in India as part of a five-year expansion plan. Manlift India has been in business since 2010 and has already invested up to 70 million euros in the country by replacing equivalent machinery.

Manlift India is a subsidiary of the Manlift Group, which is also present in the United Arab Emirates and Qatar. The company is a subsidiary of the Riwal Group, which operates in 14 countries (aside from the Manlift Region, these include the Netherlands, France, Spain, Germany, Poland, Denmark, Sweden, Norway, Croatia, Slovenia, and Kazakhstan).

The company sees a huge opportunity in India's rapidly growing infrastructure development, particularly after the announcement of the PM Gati Shakti National project in the Union Budget 2022, with a budget of up to Rs 100 lakh crore.

Riwal Holding Group CEO Pedro Torres stated. "India represents a significant opportunity for us." Manlift believes that the demand for construction equipment and machinery will grow exponentially in the coming years. We are upbeat about the future and eager to expand our operations in India."

Torres explained that "we plan to invest 20-25 million euros in India over the next five years to meet the growing demand. This fund will be utilised for establishing new depots and increasing the quantity of highly sought-after machinery."

Also Read
Manipur Convention Center PMC services submitted through a tender
MMRDA to construct pocket track at Metro Line 4 station

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..