#India #Andhra Pradesh #Modular Facility #AG&P Industrial #Pragati Infra Solutions

AG&P Industrial and Pragati Infra Solutions Form Strategic Joint Venture

In a landmark move for India's industrial landscape, AG&P Industrial, a subsidiary of AGP International Holdings and recognized global leader in modular construction, has partnered with Pragati Infra Solutions Pvt. Ltd. This collaboration aims to establish India's inaugural advanced modular EPC (Engineering, Procurement, and Construction) and fabrication manufacturing facility, with a significant investment of USD 100 million in Andhra Pradesh.

Key Highlights of the Partnership

The Memorandum of Understanding (MoU) was signed during the India Energy Week 2026, a pivotal global energy event, in the presence of notable officials, including Mr. Atul Gupta of Engineers India Limited. This strategic partnership looks to create a long-term joint venture that focuses on developing cutting-edge fabrication yards, modular EPC infrastructure, and localized manufacturing aimed primarily at the oil, gas, LNG, and broader energy transition sectors.

AG&P Industrial brings over 70 years of global experience to this venture, leveraging its pioneering Modstruction™ methodology which prioritizes safety and quality in modular construction. Pragati Infra Solutions complements this with its robust track record in executing large-scale projects within India's infrastructure and renewable energy sectors.

Facility Development and Future Plans

The joint venture will see both companies holding a 50% stake, working towards the completion of this state-of-the-art facility by 2027. The initiative is not merely a business venture but is also aligned with national goals such as import substitution, energy security, and enhancing industrial self-reliance. This facility is anticipated to bolster India's manufacturing capabilities across upstream, midstream, and downstream sectors and gas infrastructure projects.

Ms. Anupam Ahuja, who serves as President of Corporate Strategy & Development at AGP, expressed her enthusiasm about the partnership, highlighting how this collaboration represents a shift in India from traditional construction practices to more industrialized execution models. The emphasis on integrated delivery solutions is expected to meet the growing demand for modular infrastructure that enables quicker, safer, and more reliable project outcomes.

Mr. Shubhendra Mittal, Managing Director of Pragati Infra Solutions, shared similar sentiments, stating, “This partnership will allow us to develop a world-class fabrication yard that aligns with national priorities.” He added that the new facility would serve as a cornerstone in expanding the country’s manufacturing capabilities, therefore attracting more significant foreign investment and solidifying India's position in the global market.

Impact on India's Infrastructure and Economy

The establishment of this advanced modular facility is set to elevate India's infrastructure, energy, and industrial growth. It supports the broader agenda of productivity improvement and digitization outlined by the Indian government, making it a key player in achieving the ‘Make in India, Make for the World’ initiative. As foreign direct investment continues to flourish in India's manufacturing sector, this venture is poised to place India on the global map as a manufacturing powerhouse.

As India expects its demand for energy-related infrastructure to rise, the seamless integration of AG&P Industrial's expertise with that of Pragati Infra Solutions promises to deliver more efficient, scalable, and innovative infrastructure solutions, ensuring that India's rapid industrial transition is both sustainable and effective.

In conclusion, the joint venture between AG&P Industrial and Pragati Infra Solutions marks a significant milestone in India's industrial evolution. It sets the stage for a more productive, resilient, and self-sufficient manufacturing ecosystem capable of meeting the challenges of the future.