BCBusiness Takes A Comprehensive Look At Minaean And India
Vancouver, BC, Canada –November 17, 2009 – Minaean International Corp. (TSX Venture Exchange: MIB; Berlin and Frankfurt Stock Exchanges: NJA) is pleased to report that its CEO, Mr. Mervyn Pinto, was interviewed by Andrew Finlay of BCBusiness in August 2009 which lead to an article recently published in the October 2009 edition.
The interview was part of a focused attempt to capture the prospects of British Columbia’s exports into India. It enquired into Minaean’s business and revealed almost half a decade of effort which has resulted in the Company growing from a USD$500,000 enterprise into a USD$7 million going concern. The article covered Minaean’s novel pioneering of its light gauge steel construction system in the Indian market, primarily focusing on the needs of the country’s abundant middle class (some 300 million). The interview also highlighted Minaean’s diversification into the commercial sector after expanding the modular building concept to manufacture Street Furniture, ATM Kiosks and Gas Retail outlets amongst other solutions.
India is the fastest growing economy in the world (GDP = 7% post-economic crisis) and with the middle class population in India predicted to hit almost 600 million by 2025 there is an ever growing need for a quick build construction technology like Minaean’s which can be used to construct buildings much faster, cheaper and essentially sustainable as compared with the other technologies currently in the Indian market. Even though the government plans to spend almost USD$550 billion on infrastructure development in the current five year plan there is still a need of even further major investments in infrastructure in India. Mr. Pinto says, “From the very beginning, our business model has been built to focus on India’s needs and shortfalls. More than anything else, when you know the [Indian] market the way I do, it would be a huge waste of my entrepreneurship not to take advantage of it!”
We invite you to view the comprehensive story and take a closer look at Minaean’s evolving success - the full interview with Mr. Pinto can be accessed via:
Minaean Habitat (India) Pvt. Ltd., a wholly owned subsidiary of Minaean International Corp., is a company well known for its pioneering efforts in the manufacture of the light gauge steel components for the construction industry and modular metal buildings in India. The strong, affordable, ecologically sustainable structures present a promising solution to the mass housing shortages in developing countries and disaster-stricken areas, in addition to a range of conventional applications. It offers a wide range of applications and has a manufacturing facility in Mumbai with a full fledged design and engineering team comprising 85 employees.
The application of the modular building concept has been expanded to include the manufacture and installation of Bus Queue Shelters, ATM Modular Buildings, Modular Toilets and Public Washrooms, office blocks and bunkhouses for campsites. Moreover, the company now sees itself as the leading manufacturer of such modular units within the Indian market.
The shares of Minaean International Corporation (parent company) are publicly traded on the TSX Venture Exchange under the symbol "MIB" and on the Berlin and Frankfurt Stock Exchanges under the symbol "NJA". For more information, please visit www.minaean.com.
On behalf of the Board of Directors
MINAEAN INTERNATIONAL CORP.
Mervyn Pinto, President & Director