New Delhi, March 29: To mitigate acute shortage of housing in Republic of Zambia, NBCC, the Navratna CPSE of Government of India, signed an MOU for cooperation with Scirocco Enterprises Limited of Zambia for the construction of 100,000 housing units (low and medium cost).
The MoU was signed through virtual mode by K.P.M. Swamy, Director (Commercial), NBCC (India) Ltd. and Mr. MaustafaSaadi, Chief Executive Officer, Scirocco Enterprises Limited in the presence of P.K. Gupta, CMD, NBCC. Director (Fin.) and HoD (BD), NBCC were also present.
The housing units are to be constructed by the year 2030. NBCC will provide its state of art engineering services as EPC Agency. It is to mention that NBCC successfully completed Social Housing in Mauritius and Construction of Social Housing units at Maldives is under progress.