CP Kukreja acquires dbHMS
India’s frontline Architectural firm CP Kukreja ...
India’s frontline Architectural firm CP Kukreja Architects (CPKA) has acquired the India arm of Chicago based renowned design firm dbHMS. CPKA has been consistently ranked amongst the top 100 design firms in the world and the top 10 in Asia. The Indian arm of dbHMS has two verticals – Sustainability and Engineering. They have been leading the Innovative Engineering and Green Building Movement in India. It is a historic moment in Indian Architecture sector where for the first time ever an Indian design firm has acquired an International design firm.
The deal will redraw the architecture landscape in India as CP Kukreja Architects expand its operations and further focus on sustainable infrastructure with dbHMS’ expertise. It will also give a massive boost to the firm’s vision of environmental friendly buildings which in India have received limited attention.
"We are delighted that we are able to bring this world class expertise to our clients in India. The country is poised for unprecedented development in the years to come and it is important that the foundation of our work is based on sustainability and environmentally responsible design", said Dikshu C Kukreja, Managing Principal, CP Kukreja Architects.
dbHMS is a US-based company incorporated in 2002. The company is known to be one of the most innovative engineering firms in the world. They started their operations in India from 2010 and were a part of many prestigious projects.
According to the Department of Industrial Policy and Promotion (DIPP), the overall Foreign Direct Investment (FDI) received in Construction Development sector between April 2000 and June 2018 was around $25 billion. The Infrastructure sector plays a pivotal role in the Indian economy and through carefully designed Government initiatives can immensely contribute to the country’s overall development.