New Delhi, 4 December 2024: JBM Group, a USD $3.0 bn global Indian conglomerate with presence in key sustainability domains such as E-mobility, Renewables, Environment management, Green Manufacturing among others has entered into a strategic partnership with Singapore based, Keppel Ltd., a global asset manager and operator with strong expertise in sustainability related solutions spanning the areas of infrastructure, real estate and connectivity.
The partnership agreement signing was done at the 29th Confederation of Indian Industry (CII) Partnership Summit 2024 in New Delhi, India. The MoU was signed in the presence of Mr Piyush Goyal, Minister of Commerce and Industry, Government of India by Mr. Nishant Arya, Vice Chairman, JBM Group and Ms. Cindy Lim, CEO, Keppel’s Infrastructure Division.
Shri. Piyush Goyal, Minister of Commerce and Industry, Government of India, said, “India and Singapore share a long-standing and robust partnership that was recently elevated to a Comprehensive Strategic Partnership (CSP) during Prime Minister Narendra Modi’s visit to Singapore in September 2024. This significant step enhances collaboration in sustainability, advanced manufacturing, digital technology and green energy.”
“At the 29th CII Partnership Summit, I am pleased to witness landmark agreements between Keppel and leading Indian corporations. These collaborations align with India’s priorities, including the energy transition and the India Cooling Action Plan, fostering innovation and paving the way for economic growth and a sustainable future for both nations. This augurs well as our countries celebrate the 60 years of diplomatic relations in 2025.”
By way of this strategic partnership, JBM Group and Keppel, jointly aim to drive innovation for decarbonizing urban infrastructure, provide unique & customized solutions for rising demand in electro-mobility and electric-waste (e-waste) management and capture the burgeoning opportunities for more sustainable electricity in commercial and industrial sectors. Keppel brings to the partnership its leading-edge capabilities in integrated clean energy, electric vehicle (EV) charging and resource circularity solutions.
JBM Group will leverage its expertise in the electric vehicles, EV aggregates and key auto systems to jointly develop projects with Keppel focused on electro-mobility, Battery Energy Storage Systems (BESS) and e-waste solutions. Both the companies will also conduct feasibility studies and development for EV charging networks, electromobility hubs and resource recovery facilities, with the aim of driving a system-wide electrification of transport infrastructure.
Mr. Nishant Arya, Vice Chairman, JBM Group said, “This strategic partnership with Keppel marks a significant step forward in our commitment to advancing the global energy transition and decarbonization goals. The combined synergies of two global leaders joining hands, with JBM’s expertise in e-mobility, renewables and green manufacturing and Keppel’s innovative solutions in infrastructure and sustainability, we aim to deliver transformative outcomes in clean energy and electro-mobility domains. Together, we will pioneer solutions that shall redefine the global sustainability landscape towards creating a zero carbon and resilient future for our communities.”
Ms. Cindy Lim, CEO of Keppel’s Infrastructure Division said, “India’s electricity demand is rapidly rising on the back of its growing economy, urbanisation and electrification. Through forging partnerships with leading partners like JBM Group, Keppel is uniquely positioned to participate in and contribute meaningfully towards India’s sustainable development. We look forward to working with our esteemed partner to deliver differentiated and impactful decarbonization and sustainability solutions to help meet the net-zero commitments of both India and our customers.”
JBM Group has been at the forefront of driving innovation and sustainability across diverse sectors, with a steadfast focus on e-mobility, renewable energy, and environmental stewardship. As a pioneer in electric buses, EV aggregates and battery energy storage systems, JBM has committed that its e-buses will clock 1 bn e-kms in the next 3-4 years. With already 150+ mn e-kms clocked and having catered to over 1+ bn passengers, JBM is well on its way towards achieving its Net Zero 2040 goals.
