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Construction Industry Review-Issue 18, Year-2013
Construction Industry Review-Issue 18, Year-2013
Construction Industry Review-Issue 18, Year-2013
Construction Industry Review-Issue 18, Year-2013
Construction Industry Review-Issue 18, Year-2013
Construction Industry Review-Issue 18, Year-2013
Construction Industry Review-Issue 18, Year-2013
Construction Industry Review-Issue 18, Year-2013
Construction Industry Review-Issue 18, Year-2013
Construction Industry Review-Issue 18, Year-2013
Construction Industry Review-Issue 18, Year-2013
Construction Industry Review-Issue 18, Year-2013
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Construction Industry Review-Issue 18, Year-2013

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Stories and articles done by me in this issue: Page 1 news based story on current affairs in the infrastructure industry. Page 3, an interview with Kanesan Velupillai - Group COO, Transport solution, …

Stories and articles done by me in this issue: Page 1 news based story on current affairs in the infrastructure industry. Page 3, an interview with Kanesan Velupillai - Group COO, Transport solution, Scomi Group Berhad. Dilip Kawathkar- Joint Project Director, MMRDA. Page 7- project story feature done with New Delhi based interior designers Ankush & Sapna Aggarwal, Ansa Interiors. Article on Page 4-Taxation-Contributed by Shailendra Sharma-Tax Manager-Cross Border M&A & International Tax Deloitte Haskins & Sells, India.

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  • 1. May 06, 2013 An MMR, Braj Binani Group Publication VOLUME 2 Two major ports worth Rs 16,000 cr to be set up In a major push to infrastructure s e c t o r, t h e U n i o n C a b i n e t w i l l consider a proposal to set up two big ports with an investment of Rs 16,000 crore. The two ports -- one each in West Bengal and Andhra Pradesh -- will add the capacity by 100 million metric tons. The ports, to be operated in public-private-partnership mode, are intended to cater to the increased import of coal and oil, besides boosting local economy and jobs. At present there are 12 major ports in India -- Mumbai, Jawaharlal Nehru Port Trust (JNPT), Kolkata (with Haldia), Chennai, Cochin, Paradip, New Mangalore, Marmagao, E n n o r e , Tu t i c o r i n , K a n d l a a n d Visakhapatanam. Cargo traffic at ports during the six-month period ending September 2012 grew by just 1.8 per cent to 455.8 million tons due to decline in shipments handled at major ports. Cargo traffic or the goods transported for commercial gain increased to 455.8 million tons during the period April-September l Issue No. 18 l modern locomotive factories in Madhepura and Marhowra in Bihar at an investment of about Rs 20,000 crore. These factories will produce high-class electrical and diesel locomotives for the railways. The proposal for the factories was approved in 2006, but was delayed due to various reasons. l Price : Rs. 100 Tata to invest in Punjab, Rajasthan, Haryana infra Tata Group Chairman Cyrus Mistry, in his recent meeting with the chief ministers of Punjab, Rajasthan and Haryana expressed his interest to invest in their states, especially in infrastructure and technology. During his meeting with Rajasthan Chief Minister Ashok Gehlot, Mistry discussed the possibilities of investing in Delhi-Mumbai Industrial Corridor (DMIC) and other projects. Gehlot invited the Tata Group to invest in basic Infrastructure, solar energy, tourism and iron ore sectors. At a separate meeting with Punjab Chief Minister Parkash Singh Badal, Mistry said the Tata Group will look 2012, and from 448 million tons during April-September 2011 period. The project, to be operated in PPP mode, will kick off in July with invitation for bids and award of contracts in September. Along with the proposal for the ports, the Cabinet will also consider a proposal of the Railway Ministry for restarting two large May 06, 2013 1 at investment possibilities in the state where a team of experts of the company would soon visit to explore the possibilities and potential for setting up of new ventures in the state. Mistry said the Group will also seek help from the state government to strengthen the company’s existing infrastructure in Punjab. At his meeting with Haryana Chief Minister Bhupinder Singh Hooda, the chairman offered to help the government in its ambitious project to construct two lakh houses for the poor. As for developing housing for the poor in Haryana, the scheme, ‘Priyadarshini Awaas Yojna’, aims at setting up the project to deliver houses in rural areas under the Indira Awaas Yojna. It also aims to cover other poor families, including those who have been allotted 100 sq. yard plots, and have no house or a kutcha house, by providing them with financial assistance. Initially, two lakh families are to be covered in the project span of two years, that is financial years 2013-14 and 2014-15.
  • 2. cement May 06, 2013 Import: Cement, Cement Products & Building Materials Date mport Items/ Products I Port Code Foreign Port Qty (Kgs) Value (Rs) CIF Rate Articles of asbestos-cement 01/09/12 DUROCK CEMENT CHN MEXICO 25131 627344 13/09/12 DUROCK CEMENT JNP MEXICO 25131 627344 25/09/12 FIBRE CEMENT PRODUCTS JNP THAILAND 964671 17933703 Total 1014933 19188391 Articles of asphalt 10/09/12 RUBBER WATER PROOFING - ARTICLES OF ASPHALT CHN SPAIN 21870 741278 13/09/12 BITUMEN KOL SPAIN 431685 17167777 18/09/12 RUBBER WATER PROOFING - ARTICLES OF ASPHALT JNP UAE 420 60126 18/09/12 RUBBER WATER PROOFING - ARTICLES OF ASPHALT CHN SPAIN 21870 741278 22/09/12 ASPHALTIC ROOFING JNP EGYPT 26320 464499 27/09/12 DR. FIXIT TORCHSHIELD JNP EGYPT 88796 2281665 28/09/12 ASPHALT SEALING MATERIAL TUG CHINA 10000 319286 28/09/12 RUBBER WATER PROOFING - ARTICLES OF ASPHALT JNP UAE 600 85894 Total 601561 21861803 Articles of cement, of concrete of artificial stone 10/09/12 ELECTROTEMP CEMENT BAN USA 19 17053 11/09/12 CEMENT BASE INSULATION KOL U K 2861 973609 18/09/12 CAST STONE PRODUCTS KOL CHINA 21718 1707243 24/09/12 ONE WALL PANELLING IN STONE JNP ITALY 2096 383045 24/09/12 TILES FORM IN STONE MATERIAL JNP ITALY 1335 263522 28/09/12 CONCRETE BAR MUM KOREA 48 597 Total 28077 3345069 Articles of plaster or of compositions based 01/09/12 MADA PLASTER BOARDS MUN S. ARABIA 105410 909576 03/09/12 GYPSUM PLASTER CHN U K 27408 563387 10/09/12 GYPSUM WALL CHN S. ARABIA 39400 371456 11/09/12 PLASTER BOARD JNP SPAIN 49127 681319 12/09/12 GYPSUM PLASTER VIZ PAKISTAN 422938.5 3915433.37 18/09/12 GYPSUM PLASTER JNP UAE 350334 4144297 21/09/12 GYPSUM CEILING TILES JNP CHINA 21000 170702 22/09/12 PLASTER CHN THAILAND 664568 6419268 26/09/12 GYPSUM PLASTER JNP UAE 122733 1175991 26/09/12 PAPER GYPSUM BOARD CHN CHINA 17590 119813 27/09/12 GYPSUM CENTRE PANELS KOL MALAYSIA 51417 715574 27/09/12 BRAND GYPSUM CHN THAILAND 994400 9207885 27/09/12 PVC GYPSUM TILES JNP CHINA 525741 8015431 27/09/12 GYPSUM TILES SIZE JNP CHINA 64500 820659 Total 3456566.5 37230791.37 Articles of stone or of other mineral substances 03/09/12 GRAPHITE FOIL JNP GERMANY 1062 506407 03/09/12 GRAPHITE FOIL JNP GERMANY 443 211367 05/09/12 GRAPHITE JNP U K 828 2319626 07/09/12 MIXED CARBON FIBRE SCAPS JNP FRANCE 1000 718690 12/09/12 CERAMIC STONE JNP KOREA 1 40700 12/09/12 WASHBASIN - CIRCLE SAND JNP ITALY 365 190745 12/09/12 MOLD FINISHING STONE JNP KOREA 42 436907 13/09/12 GRAPHITE PACKING JNP CHINA 52968 3042846 17/09/12 PURE GRAPHITE SHEET PAT CHINA 27958 7573282 24/09/12 CARBON FIBER CHN JAPAN 800 2450599 25/09/12 DONA CARBO FIBER MUM JAPAN 316 1413592 25/09/12 CARBON FIBRE MUM HUNGARY 1264 2206444 26/09/12 GRAPHITE BLOCK BAN FRANCE 3 89266 Total 87050 21200471 Carbonates; peroxocarbonates 01/09/12 CALCIUM CARBONATE CHN KOREA 90400 1577468 03/09/12 CALCIUM CARBONATE JNP S. ARABIA 40000 345838 04/09/12 Sodium carbonate monohydrate HYD U K 52 82014 04/09/12 CALCIUM CARBONATE JNP TURKEY 53000 464188 05/09/12 CALCIUM CARBONATE JNP INDONESIA 20000 221517 07/09/12 CALCIUM CARBONATE TUG JAPAN 28400 1082023 07/09/12 NATURAL SODIUM CARBONATE GUR KENYA 9792000 146105922 10/09/12 CHALK ( RAW MATERIAL USE IN PAINTS) KOL SWITZERLAND 16800 318488 10/09/12 BICARBONATE POTASSIUM JNP FRANCE 50 5675 10/09/12 BICARBONATE POTASSIUM JNP FRANCE 50 10176 10/09/12 CALCIUM CARBONATE JNP U K 80050 1453290 11/09/12 CALCIUM CARBONATE JNP SPAIN 6077500 5007870.52 11/09/12 MINERAL POWDER CALCIUM CARBONATE JNP UAE 650000 5167794 12/09/12 SODIUM BICARB (SODIUM BICARBONATE) CHN ITALY 88200 1483750 12/09/12 POTASSIUM CARBONATE VIZ KOREA 553001 33886061 12/09/12 CALCIUM CARBONATE CHN TAIWAN 228000 4194795.57 13/09/12 CALCIUM CARBONATE KOL CHINA 8575 367195 13/09/12 CALCIUM CARBONATE IN PURE WHITE COLOUR CHN FRANCE 38900 1214965 13/09/12 COATED CALCIUM CARBONATE TUG GREECE 223800 1867760 13/09/12 POTASSIUM CARBONATE MRM GERMANY 213080 35705624 15/09/12 SODA ASH LIGHT JNP SINGAPORE 21000 292040 15/09/12 CALCIUM CARBONATE PAK JORDAN 280025 2657483 17/09/12 CALCIUM CARBONATE VIZ MALAYSIA 15391000 143001052 17/09/12 CALCIUM CARBONATE CHN THAILAND 687000 7374432 18/09/12 CALCIUM CARBONATE COC SRI LANKA 24000 415006 20/09/12 DISODIUM CARBONATE MUM GERMANY 11225 1857652 21/09/12 CHALK ( RAW MATERIAL USE IN PAINTS) KOL SWITZERLAND 20400 441036 21/09/12 POTASSIUM CARBONATE GRANULAR KOL THAILAND 24000 1478082 26/09/12 CALCIUM CARBONATE POWDER TUG VIETNAM 4835000 34854956 26/09/12 CALCIUM CARBONATE COC OMAN 150000 803384 27/09/12 CALCIUM CARBONATE GRANULR DAD USA 61822 10574504 27/09/12 DISODIUM CARBONATE MUM U K 25 70311 27/09/12 SODIUM CARBONATE MUM GERMANY 10125 551369 28/09/12 CALCIUM CARBONATE POWDER PAK EGYPT 2678000 16939863 28/09/12 CALCIUM CARBONATE JNP GERMANY 112608 5365158 28/09/12 CALCIUM CARBONATE JNP INDONESIA 20000 216766 28/09/12 POTASSIUM CARBONATE JNP RUSSIA 29322 1524147 28/09/12 POTASSIUM CARBONATE JNP RUSSIA 20878 1085231 29/09/12 POTASSIUM CARBONATE MUM USA 13227.6 792634 Total 42591515.6 470857520.1 Ash & Carbonate 04/09/12 SODIUM CARBONATE DENSE TIR GERMANY 500000 7204961 06/09/12 SODA ASH HYD ROMANIA 500000 7780556 06/09/12 SODIUM CARBONATE LIGHT (SODA ASH) CHN BULGARIA 3591000 54293082 07/09/12 SODIUM BI CARBONATE JNP U K 11000 315013 07/09/12 SODIUM BI CARBONATE JNP USA 1404 351839 11/09/12 SODA ASH KOL TURKEY 8018000 122149606 11/09/12 SODIUM CARBONATE LIGHT JNP FRANCE 6250 142378 11/09/12 SODIUM CARBONATE LIGHT JNP FRANCE 13750 313233 13/09/12 SODA ASH LIGHT MUN CHINA 1445000 21360969 15/09/12 SODA ASH LON KENYA 495000 6804267 18/09/12 SODA ASH CHN GERMANY 260000 3763321 18/09/12 SODIUM BI CARBONATE KOL CHINA 821000 11168027 19/09/12 SODA ASH LIGHT COC ROMANIA 1887000 30083334 26/09/12 SODA ASH HYD S. AFRICA 1000000 14937006 26/09/12 SODIUM CARBONATE DENSE TIR BULGARIA 9645000 139806637 26/09/12 SODIUM CARBONATE DENSE TIR ITALY 2500000 36153581 26/09/12 SODIUM BI CARBONATE JNP TURKEY 250000 3285668 27/09/12 SODA ASH HYD ROMANIA 350000 5329622 28/09/12 SODA ASH LIGHT VIZ CHINA 17952521 253128898.5 28/09/12 SODA ASH LIGHT JNP TURKEY 3047000 45345795 Total 52293925 763717793.5 Ceramic sinks & wash basins 04/09/12 SANITARYWARES AHM OMAN 9495 972187 07/09/12 WASHBASIN JNP FRANCE 1334 500513 07/09/12 TOTO SANITARY WARE JNP THAILAND 63137 8896322 14/09/12 WHITE CERAMIC BASIN JNP CHINA 24843 1707236.89 15/09/12 CERAMICS PRODUCTS JNP CHINA 1177510 90954889 20/09/12 TOILET W/SEAT JNP USA 1550 1136129 25/09/12 HANDWASH BASIN JNP FRANCE 14211 3729575 24.96 24.96 18.6 18.9 33.89 39.8 143.16 33.89 17.65 25.7 31.93 143.16 36.3 897.53 340.3 78.6 182.75 197.39 12.44 119.1 8.63 20.56 9.43 13.9 9.3 11.8 8.13 9.7 9.6 6.81 13.9 9.3 15.2 12.7 10.8 476.84 477.13 2801.5 718.69 40700 522.6 10402.5 57.4 270.9 3063.25 4473.4 1745.6 29755.3 243.5 17.4 8.65 1577.19 8.8 11.08 38.1 14.9 18.96 113.5 203.52 18.2 0.8 8.0 16.82 61.3 18.4 42.8 31.2 8.3 167.6 13.91 9.5 9.3 10.7 17.29 165.5 21.62 61.59 7.2 5.4 171.0 2812.44 54.5 6.3 47.6 10.84 51.98 51.98 59.92 11.1 14.41 15.56 15.1 28.64 250.6 15.2 22.78 22.78 14.8 13.75 14.47 13.6 15.9 14.94 14.5 14.5 13.14 15.23 14.1 14.9 14.6 102.4 375.2 140.9 68.7 77.2 733.0 262.4 Date mport Items/ Products I Port Code Foreign Port Qty (Kgs) Value (Rs) 27/09/12 SANITARYWARE JNP HUNGARY 3063 684253 27/09/12 WASH BASIN JNP THAILAND 54505 6306835 27/09/12 SANITARY WARE JNP VIETNAM 9539 1526992 27/09/12 TOTO SANITARY MUM JAPAN 238 205299 28/09/12 PURE STONE WASHDOWN WATER JNP GERMANY 1913 1514831 28/09/12 CERAMIC : SANITARY WARE JNP ITALY 9592 2336220 Total 1370930 120471281.9 Ceramic 01/09/12 CERAMIC JNP CHINA 19201 1465945 04/09/12 SANITARYWARE URINAL JNP GERMANY 11044 1110931 04/09/12 CERAMIC PLANTERS JNP CHINA 79030 7058486 06/09/12 CERAMIC JNP ITALY 2831 375416 06/09/12 CERAMIC KOL FRANCE 600 318163 06/09/12 MADE OF CERAMIC JNP GERMANY 843 635306 10/09/12 CERAMICS BAN USA 124000 82834 11/09/12 CERAMIC FIBER MUM CHINA 171155 11347213 11/09/12 CERAMIC FIBER AHM CHINA 10080 805094 12/09/12 CERAMIC CARTRIDGE (SANITARY WARE) JNP SPAIN 297 443198 14/09/12 CERAMICS / DISPLAY GOODS JNP CHINA 17814 1416072 17/09/12 SANITARY WARE JNP CHINA 611 31698 17/09/12 CERAMIC JNP THAILAND 6915 992844 20/09/12 CERAMIC - BALL HYD SINGAPORE 1 11401 21/09/12 SPARE PARTS OF CERAMIC MACHINERY AHM ITALY 50 13283 26/09/12 CERAMIC JNP MALAYSIA 738 46795 26/09/12 CERAMIC MUG JNP MALAYSIA 10344 434079 26/09/12 CERAMIC DISKS (SANITARY FITTING) JNP THAILAND 1 653 26/09/12 ALUMINA BALL JNP JAPAN 19000 2879536 28/09/12 CERAMIC BALL POLISHED PROCELAIN MUN CHINA 2886107 7131720 29/09/12 CERAMIC ARTICALS JNP THAILAND 223 31199 29/09/12 CERAMIC KOL FRANCE 400 230779 Total 3361285 36862645 Other ceramic articles 01/09/12 CERAMIC GOODS JNP AUSTRALIA 70 184155 04/09/12 CERAMIC JNP U K 40 4311 04/09/12 CERAMIC PORT JNP U K 12 7113 04/09/12 CERAMIC GRAINS JNP BELGIUM 1000 1525663 06/09/12 CERAMIC: REFRACTORY BRICKS JNP CHINA 958411 34727596 07/09/12 CERAMIC KOL JAPAN 300 332653 07/09/12 CERAMIC MARTERIAL (SPHERICAL CERAMIC SAND) CHN JAPAN 1000 55379 17/09/12 CERAMIC ROD BAN CHINA 4 263376 21/09/12 REFRACTORY CERAMIC JNP GERMANY 440 282280 24/09/12 CRERAMIC BEADS PAT ITALY 300 228331 28/09/12 REFRACTORY MATERIAL JNP AUSTRIA 23359 8145647 Total 984936 45756504 Other refractory ceramic goods 05/09/12 GRAPHITE CHN CHINA 12760 2366113 05/09/12 CERAMIC SAND JNP JAPAN 20000 2062597 06/09/12 REFRACTORY MATERIAL KOL AUSTRIA 9443 1145840 06/09/12 CERAMIC (REFRACTORY) JNP CZECH. 17000 2225184 06/09/12 REFRACTORY ITEMS JNP U K 3693 2669108 07/09/12 CERAMIC FIBER CHN JAPAN 350 142437 07/09/12 REFRACTORY ITEM MUM U K 394 398344 08/09/12 CERAMIC FIBER KOL CHINA 35000 2797448 10/09/12 CERAMIC JNP KOREA 36 25257 10/09/12 REFRACTORY CERAMIC GOODS MUM USA 7387 4607284 11/09/12 REFRACTORY MATERIALS KOL MALAYSIA 56 85308 11/09/12 REFRACTORY CERAMIC KOL CZECH. 1596 651700 12/09/12 CEMENT PLASTER COC UAE 500 89486 13/09/12 CERAMIC (REFRACTORY) JNP CZECH. 14000 2165588 13/09/12 SILICON JNP ITALY 1000 330037 13/09/12 SILICON MUM CHINA 50807 8060268 17/09/12 REFRACTORY CERAMIC GOODS JNP CHINA 45094 6745530 18/09/12 CERAMIC FIBRE KOL AUSTRIA 228 71598 24/09/12 REFRACTORY MATERIALS KOL GERMANY 1194 1407568 27/09/12 CERAMIC SAND JNP JAPAN 20000 1026257 28/09/12 CERAMIC PANELS JNP SPAIN 4262 237844 29/09/12 CARBON MAGNESIA BRICKS KOL CHINA 190860 10320252 Total 435660 49631048 Phosphinates (hypophosphites), phosphonates 01/09/12 MONOCALCIUM PHOSPHATE CHN TUNISIA 52000 2109839 01/09/12 POTASSIUM DIHYDROGEN PHOSPHATE JNP NETHERLANDS 120 85429 01/09/12 SODIUM PHOSPHATE JNP NETHERLANDS 50 31279 01/09/12 SODIUM TRIPOLY PHOSPHATE CHN CHINA 1570000 89850293 03/09/12 SODIUM HYPOPHOSPHITE VIZ CHINA 33629 4333843 04/09/12 POTASSIUM DIHYDROGEN PHOSPHATE JNP CHINA 50000 3728497 05/09/12 ZINC PHOSPHATE JNP FRANCE 2000 369083 10/09/12 CALCIUM PHOSPHATE JNP GERMANY 20000 5397238 10/09/12 SULPHONATES TECHNICAL JNP RUSSIA 26000 727200 10/09/12 SODIUM PHOSPHATE JNP TUNISIA 2526000 147933698 10/09/12 ZINC PHOSPHATE MUM NETHERLANDS 200 76158 11/09/12 ALUMINIUM PHOSPHATE HYD DENMARK 1902 3474931 11/09/12 SODIUM HYDROGEN PHOSPHATE MUM GERMANY 375 207257 11/09/12 SODIUM PHOSPHATE JNP RUSSIA 841000 42827088 12/09/12 ALUMINIUM PHOSPHATE HYD DENMARK 1500 2753958 12/09/12 CALCIUM PHOSPHATE MUN CHINA 115000 6021965 13/09/12 CALCIUM PHOSPHATE TUT TUNISIA 52000 2134024.15 13/09/12 POTASSIUM PHOSPHATE BAN GERMANY 20357 2674013 14/09/12 POTASSIUM PYROPHOSPHATE CHN CHINA 20000 2287509 17/09/12 SODIUM HYDROGEN PHOSPHATE MUM GERMANY 13 29568 17/09/12 SODIUM PHOSPHITE JNP CHINA 327594 27009172 18/09/12 PHOSPHATE CHN TUNISIA 52000 2139927 25/09/12 SODIUM ALUMINIUM PHOSPHATE JNP USA 9957 1756166 25/09/12 SODIUM PHOSPHATE JNP CHINA 101000 12757572 25/09/12 CALCIUM PHOSPHATE JNP USA 3810 655315 26/09/12 CALCIUM PHOSPHATE JNP USA 82507 19222609 27/09/12 CALCIUM PHOSPHATE NAS GERMANY 15000 3980602 27/09/12 SODIUM PHOSPHATE JNP THAILAND 39675 3045036 27/09/12 CALCIUM PHOSPHATE DAD USA 8903 2843119 27/09/12 CALCIUM PHOSPHATE JNP THAILAND 5000 380170 28/09/12 ANHYDROUS EMCOMPRESS JNP GERMANY 400 141286 28/09/12 SODIUM TRI POLY PHOSPHATE COC BELGIUM 10000 1078301 29/09/12 SODIUM ACID PYROPHOSPHAT TUG CHINA 249000 23993367 Total 6236992 416055512.2 2 CIF Rate 223.4 115.7 160.1 862.6 791.9 243.6 87.9 76.3 100.6 89.3 132.6 530.27 753.6 0.7 66.3 79.9 1492.25 79.5 51.9 143.6 11401 265.66 63.41 41.96 653 151.6 2.5 139.9 576.95 11.0 2630.79 107.78 592.75 1525.66 36.2 1108.84 55.38 65844 641.55 761.1 348.7 46.5 185.4 103.13 121.3 130.9 722.7 406.96 1011.0 79.9 701.6 623.7 1523.36 408.33 178.97 154.7 330.04 158.6 149.6 314.03 1178.9 51.31 55.8 54.1 113.9 40.57 711.91 625.58 57.2 128.9 74.57 184.54 269.86 27.97 58.6 380.79 1827.0 552.69 50.9 1835.97 52.4 41.04 131.4 114.38 2274.5 82.4 41.15 176.4 126.3 172 233.0 265.37 76.7 319.3 76.03 353.22 107.83 96.4 66.7 BUILDING MATERIALS Weekly prices: 03.05.2013 Product/Items Weekly Average CEMENT(50 Kg) - CLOSE DELHI ACC Ambuja Binani (43 Grade) Binani (PPC) JK Lakshmi (PPC) JK Super (43 Grade) JK Super (PPC) Shriram Nirman 252 256 273 256 260 250 235 260 KOLKATA ACC UltraTech 345 360 Product/Items Weekly Average MUMBAI ACC Suraksha Ambuja Grasim UltraTech Vasavadatta 316 318 316 318 308 BRICKS(1000 Pc) - CLOSE DELHI Awwal (Haryana) Awwal (UP) Doyam (Haryana) Doyam (UP) Lal Peti (Red) 4550 4500 4400 4350 4150 Product/Items Weekly Average RODI STONES & SAND (300 Sqft) - CLOSE DELHI Badarpur-Bold Badarpur-Fine Chips Blue Chips White Sand(Sonepat) Stone Dust(Haryana) Stone Dust(Rajasthan) 10500 9700 11300 10500 5400 11700 10800 POP(20 Kg) - CLOSE DELHI JK Lakshmi(20 Kg) JK Lakshmi(25 Kg) Sakrani (ISI) 136 155 155
  • 3. INFRASTRUCTURE May 06, 2013 Mumbai’s monorail revolution Mass Rapid Transit Systems (MRTS) have come into existence as a viable solution to the prevailing traffic problems in the country to enhance productivity of urban cities. Monorail promises to shape up the infrastructure in an organised manner like never before by offering a great feeder support to existing modes of transportation Come 2013 and Mumbai, the financial capital of India, will see a new revolution in public transport -- thanks to the Mumbai Metropolitan Region Development Authority (MMRDA). New speed and comfort It has been over five decades when one of the city’s favourite modes of transport -- the trams -- were taken off the road by the authorities. Now the city will experience a much quieter, safer and most comfortable mode of a feeder system -- the monorail. Considering the increase in population, travel demand and narrow road networks running through congested structures, there is a need of a system which will occupy less space as well as reduce travel time. With the objective, to support public rapid transit system such as suburban rail system and metro rail system and where public rapid transit system is not available or impossible to provide such system and where widening of roads is not possible due to structures on either sides, the mono rail system is proposed to be implemented by MMRDA/the government of Maharashtra. The beginnings The construction of Mumbai monorail started in January 2009 along the Chembur-Wadala-Jacob Circle route and was scheduled to be completed in April 2011. Now, the first portion of the line, between Chembur and Wadala, is expected to be operational in January 2013. The second portion, from Jacob Circle to Wadala, is expected to be ready by December 2013. A 108-meter test run was successfully conducted on January 26, 2010. The monorail had its first test run on February 18, 2012 from its yard in Wadala to a station at Bhakti Park, a distance of around a kilometre. Scomi, the Malaysian company that supplied the rakes for the project, was in charge of the trial. The MMRDA will decide whether the Singapore-based SMRT or the Hong Kong-based Mass Transit Rail will be given the task of certifying the monorail system. This is because the Commissioner of Railway Safety (CRS) had said it didn’t have the capacity to certify the monorail, as it was a different system from the railways. The electrical workings of the monorail will be certified by the Electrical Inspector General. The Mumbai Monorail master plan proposed the construction of 8 lines at a cost of Rs 202.96 billion ($3.7 billion). Most quiet mode Based on a single beam with tyres made of special quality rubber, the monorail will turn out to be the most quiet mode of public transport -- not just for passengers, but also for those who stay on their route. Since there is no metal used in the running portion of the train, it is actually quieter than a BEST bus! While an average BEST bus’ decibel level is around 95, the decibel level that of a monorail will only be 85 to 90. The first monorail corridor in India will cover a distance of 8.8 km between Wadala and Chembur and will see seven stations. Much has been talked about the ‘feeder transport’ system which will definitely change the face of the Chembur-Wadala corridor, which at present relies heavily on BEST and private transport. While the minimum ticket for the monorail travel will be Rs 11, the system will also have the facility for a season ticket. Similar to the suburban railways ticketing system, the monorail will have quarterly and monthly season tickets. The maximum ticket once the entire 20 km route is operational will be Rs30. Number of coaches “The number of coaches will subsequently increase to six and eight as per the demand. Dilip Kawathkar, MMRDA Joint Project Director, states, “Our effort is to complete the second phase -- 11.2 km Wadala-Sant Gadge Maharaj Chowk (Jacob Circle) by the end of 2013. The monorail can reach a top speed of 80 kmph. Moreover, the average number of commuters per rake is approximately 140 and this would mean there will be zero crowding. The rakes will be fully airconditioned and one will get to enjoy the journey at an average speed of 31-40 kmph.” Decorated in green, blue and pink colours, each of the monorail will comprise four rakes that will cover the distance between Wadala to Chembur in 19 minutes. After the commercial operations begin, a detailed timetable for the services will be released by the MMRDA. For the initial period of three years, the authority along with the team of L&T and Scomi engineering will be running the monorail services with a total dedicated staff of approximately 500 professionals. Key facts Mumbai monorail to start operations in 2013 The first phase of 8.8 km to commence operations between Wadala to Chembur Mumbai set to become the first city in India to run a monorail E x p e c t a c o m f o r t a b l e a i rconditioned ride: quieter than even a BEST bus! Minimum fare to be only Rs 11 Will be a phillip to the WadalaChembur corridor The next corridor of Wadala-Jacob Circle to be completed by the end of 2013 3 ‘Mumbai is set to witness the most advanced of its kind integrated multi-modal transport system like never before’ Remona Divekar interviews Group Chief Operating Officer, Kanesan Velupillai, Transport Solutions, Scomi Group Berhad. Excerpts: What were the initial plans for the monorail project in Mumbai and how was it executed in later stages? The urban transport systems in India have constantly been trying to keep pace with the rapid rate of urbanisation over the past few decades, but the supply of transport infrastructure has been behind demand and its funding has been inadequate. To enhance the productivity of urban cities, Mass Rapid Transit Systems have come into existence as a viable solution to the prevailing traffic woes in the country. The focus primarily has been on developing rail-based Mass Rapid Transit System that is capable of serving bulk of the populace as compared to others. Several cities across the country have launched heavy rail-based mass rapid transit system projects requiring large investments. According to the India Infrastructure Research, investments of over Rs 860 billion have been lined up for heavy railbased projects across the country, of which Rs 550 billion is planned to be mobilised in the next five years. According to investment banking company Goldman Sachs, India’s infrastructure sector will require $ 1.7 trillion investment in the next 10 years. Public private partnerships (PPPs) are gaining in importance, and are benefiting from government support – targeted PPP participation is $150 billion. Improvising public transport is the need of the hour and the best suited approach to increase the efficiency is to seamlessly integrate better and immediate modes of commuting in the densely populated metros like Mumbai, Delhi, Chennai and Kolkata. A sustainable, cost-efficient and environment-friendly transport system is what modern India envisions today. In this case monorail fits in as one such commendable transport solution that has the potential to carve a new dimension in the infrastructural framework of Indian cities. It promises to shape up the infrastructure in an organised manner by offering a great feeder support to existing modes of transportation. Having garnered huge international acclaim for being a mode of comfort and quality, monorail enters India as an innovative venture that has secured a niche in the transport makeover plan of all major cities. The Indian government took a giant leap in urban transportation by giving nod to the country’s first monorail in Mumbai in 2008. Following the lines of Mumbai many other cities today are considering and planning for this Mass Rapid Transit System to serve the huge influx from rural pockets and integrate a diverse commuting system. Share with us some technicalities involved in this project engineering wise. Mumbai monorail, the first of its kind in India, runs for 20 km across Chembur-Wadala-Jacob Circle which is the second longest in the world after the 23.8km long monorail corridor in Japan. A monorail with four cars will have a capacity to ferry 562 passengers, while one with six cars will be able to accommodate 852 commuters. The total cost involved in the project is $545.02 million/RM1.846 billion. A very potential and competent human resource has been put into use in Mumbai monorail with 36 officials in the first phase and 33 in the second phase in multiple batches. Monorail has proved to be highly cost effective when it comes to machinery in its construction. It requires only a single beam and is elevated; so it calls for a smaller section of footprint than other rail networks. This leads to lesser space for tracks, and demand for less material. What were the challenges faced in the monorail project and what is the current status of the project? It has been a very encouraging experience for Scomi for we hardly had to face any major challenges in the way of putting up the monorail. We have a very proficient partner in L&T who carried out the civil construction works with efficacy. Also, the client MMRDA has been very supportive during all the phases of the project making it a great experience for Scomi. The few challenges that we faced were in terms of getting clearances from different concerned departments, specially the state government which put out a stay in construction work of the monorail line in some sensitive areas in the city. What is the viability of monorail as the mass transit system in the country? Improvising public transport is the need of the hour and the best suited approach to increase the efficiency is to seamlessly integrate better and immediate modes of commuting in the densely populated metros like
  • 4. INFRASTRUCTURE May 06, 2013 Revival of Kokapet Sez project The Andhra Pradesh government is reviving its Kokapet special economic zone project, encouraged by signs of recovery in the real estate sector and decline in political uncertainty in the region. Work on the project, scheduled to begin in 2007, was held up mainly due to legal issues pertaining to ownership of land. A Supreme Court judgment on a title issue last year cleared the path for work to resume. The government has approached firms like Google India and DQ Entertainment to set up operations within the proposed Sez. Kokapet Sez, proposed nearly six years ago to attract investments from the IT/ITeS sector and as an alternative to the existing IT hubs in Hyderabad, is one of several such projects in the state that could not take off due to political unrest in the region and clearance issues. According to an official, companies including Intelli Group, CBay and Infinite Computers have recently submitted their building plans. Of the 91 acres of land at Kokapet Sez, nearly 40 acres are still vacant and the government is considering allotting these to the IT and ITES firms that have sought allocations. Centre clears two NH projects in Rajasthan Russian firm keen to develop Odisha Sez A Russian company Technokhim has shown keen interest in setting up an exclusive special economic zone (Sez) in Odisha for producing titanium. A proposal has been given to the Ministry of External Affairs and the Commerce & Industry Ministry for consideration. It revolves around setting up an Integrated Chemical & Metallurgical Complex (ICMC) at the core and other Sez industries around it. The project entails an investment of around $2.1 billion, and is likely to be located at Chhatrapur, Odisha that will provide all support for its implementation as an important investment in high technology sector. The Ministry of External Affairs had forwarded the Sez proposal to the Department of Industrial Policy & Promotion (Dipp). The project would use advanced Russian technologies to produce various titanium products. The pooling in of the expertise and resources will make the process more methodical and render it easy for our investors. The size of the present fund is up to $2 billion and SBI and RDIF will contribute $25 million each. Russian RDIF is a $10 billion fund established by the Russian government to make equity investments primarily in Russian economy. Ashoka Buildcon may quit Odisha road project The government approved two highway extension projects in Rajasthan involving investments of Rs 713 crore with assistance from the World Bank. “The government has approved a proposal for rehabilitation and upgrading of two stretches of national highways in Rajasthan under phase-1 of the National Highway Interconnectivity Improvement Projects (NHIIP) with the World Bank loan assistance,” stated the Ministry of Road Transport & Highways. “The stretch from Lalsot to Karauli on NH-11B (87 km) will be improved at a cost of Rs 310 crore, whereas the stretch from Pratapgarh to Padi on NH-113 (97 km) will be improved at a cost of Rs 403 crore,” it said. PP contracts being reworked by World Bank The Centre is increasingly depending on the private sector to develop infrastructure such as roads and ports it may now have to devise mechanisms to permit contract renegotiations, said experts at a FICCI conference on public-private partnerships (PPP). Globally, most projects undertaken on PPP basis have to be renegotiated. He said a study of about 1,000 PPP projects undertaken across the world during 1985-2000 showed that 4 30 per cent of projects had to be renegotiated. In the transport sector, 55 per cent of (PPP) contracts were renegotiated. More so in water and sanitation, over 75 per cent of contracts were renegotiated. With many highway developers approaching the National Highways Authority of India (NHAI) to reschedule their premium payment to Government, Highways Secretary Vijay Chhibber said an institutional mechanism, like a highway regulator, which functions at arm’s length from both National Highways Authority of India (NHAI) and private developers, might be the answer. Earlier, Economic Affairs Secretary Arvind Mayaram said there was a need to create more regulatory authorities independent of Government entities to fast-track PPP projects. The Government has already announced setting up of new regulators for the coal and road sectors as well as a tariff regulator for the railways. Ashoka Buildcon, a listed firm with investments from private equity major SBI Macquarie, wants to exit from a highway development project in Odisha, citing delay in regulatory approvals. The Rs 1,123-crore project involves widening 112-km highway stretch in Odisha between Cuttack and Angul. Ashoka Buildcon had signed concession agreement with the NHAI in March 2012 for the project and had tied up loans of Rs 801 crore from Axis Bank. But, the company is yet to get land acquisition and environment clearance for the stretch. So it is unable to start work on the stretch. Meanwhile, the company said that project costs were rising on the back of increase in raw material costs such as bitumen and diesel, which would impact the project’s profitability. To design, build, finance, operate and collect tolls from users of this highway stretch for 23 years. Ashoka Buildcon had offered to pay a premium of Rs 61 crore to the NHAI in the first year of operations. Private equity major SBI Macquarie has committed investments of Rs 800 crore in Ashoka Concessions, a subsidiary of Ashoka Buildcon, with a portfolio of seven highway projects. Gujarat Pipavav Q1 PAT seen at Rs 29.6 cr Cabinet may okay finance for Chahbahar port The Union Cabinet is expected to clear an investment of lion in a crucial project to develop Iran’s Chahbahar port this week. Foreign minister Salman Khurshid, will work out the final details of the project with Iran. Khurshid will also work on a trilateral transit agreement with Iran and Afghanistan, since the latter is the most important beneficiary of the Chahbahar port. Iran has promised to ramp up capacity of the port in five phases to 20 million tonnes by 2020. Although India has long promised the project, this has been complicated by several factors. US sanctions have made it very difficult to finance projects in Iran. The sanctions also spooked parts of the government like the shipping ministry which were unwilling to attract US sanctions. Similar reservations were expressed by the finance ministry as well. The idea of the project is to give India access to Afghanistan and Central Asia through Iran, because the Pakistan transit route is unavailable to India. Studies have shown that goods transported through Chahbahar cut transportation time by several days, which would mean huge savings for India and Afghanistan. With Pakistan giving Gwadar port to China, Chahbahar has increased in strategic importance for India. Gujarat Pipavav Port is likely to report a 109.9 per cent rise in net profit for the quarter ended March 2013 at Rs 29.6 crore compared to a net profit of Rs 14.1 crore in the corresponding quarter last fiscal. Net sales are seen at Rs 106.6 crore, up 3.1 per cent, compared to Rs 100.4 crore in the year ago period. Ebitda is likely to be at Rs 49.6 crore, up 10 per cent, compared to Rs 45.1 crore in the same period a year ago. Ebitda margins are seen at 46.5 per cent compared to 44.9 per cent in the same quarter last fiscal. Analysts say the company’s revenue growth is likely to be driven by container volumes while bulk volumes are likely to stay depressed. An addition of new liners is likely to help in volume growth. Shift to US-based pricing is expected to cover for lost operating leverage. Lower interest costs due to debt repayment are expected to boost profits.
  • 5. TAXATION May 06, 2013 Vital reforms in the Finance Bill 2013 used either within or outside India by any other person. Further, its whole costs should not have been allowed as deduction in computing business income. The deduction claimed to be taxed as income if the new asset is sold or otherwise transferred (except pursuant to any amalgamation and demerger scheme, within a period of five years Insights on 2013 Budget, and amendments in the Bill especially affecting the real estate and the construction sector It’s that time of the year when many countries present their financial status with a proposed plan to earn and spend (budget) for the ensuing year proposed for utilisation towards development of its nation. The year 2013 began with the proposed Budget policy in Malaysia in the Asia Pacific region, followed by various countries including Singapore and India pronounced in recent months. This year’s budget all across is focused to promote growth strategies to deal with slow economic growth. This being a world phenomenon, this year governments are focusing on an inclusive growth to revive their economies to sail through turbulent times ahead. In India the impact of the dreary global slowdown was reflected in the weaker Q3 FY13 economic data being GDP growth at a decade low released just after Finance Minister P . Chidambaram Budget 2013 speech, emphasising the need to enhance inclusive growth. The Indian Finance Minister unveiled the Finance Bill 2013 (the Bill) amid tough challenges -- slowing growth, wary markets, fiscal challenges, threats of a ratings downgrade, and a general election in 2014, offered tax proposals to deal with the challenge to revive growth in the economy through a slew of tax reforms and curb tax evasion. The tax widening proposal comes at a time when the world over there is an intense debate of curbing tax avoidance structures planned through low tax countries discussed under the recent OECD’s base erosion project where corporate plan their affairs to reduce taxes during the course of investment or during exit. In this technical feature we intend to elucidate the significant amendments in the Finance Bill, 2013 (the Bill) especially affecting the real estate and the construction sector. Real estate & construction sector Indian real estate and construction is a vital sector of the Indian economy that contributes significantly to the Indian GDP Of late some of the issues . the sector is grappling with include uncertain global headwinds, subdued retail demand, high interest rates coupled with credit crunch, challenges associated with land acquisitions, stamp duty costs, non-standardised byelaws and limited institutional exit options. To deal with the credit crunch affecting the sector, considering limited ray of hope to improve the sector sentiment and at the same time restimulate its growth. funding options, real estate developers are resorting to dispose their non-core assets and land sale to service debt, etc. rather than operational cash flows as projects have been on hold. The past few budgets have left the real estate sector ‘dried up’ with no tax reforms directly benefiting the sector. Further, post introduction of Negative List regime, ambiguity has arisen regarding exact service tax implications on various charges recovered by developers. Developers and investors are paddling in troubled waters due to reduced demand, liquidity crunch and delayed projects. Considering the severity of the situation, a bailout package of fiscal and tax measures was expected in the Budget 2013 to provide a boost to the sector by lowering interest rates and liberalising regulations for increased foreign and domestic funding in this sector coupled with relevant tax incentives. In view of some investor-friendly news emanating from North Block, the Union Budget 2013 has built some Direct tax proposals Significant budget proposals Considering the expectations, tax proposals, incentives and policy reforms directly or indirectly impacting the sector pronounced in the Budget are elaborated for ease of understanding. Corporate tax No change in corporate tax rate. Surcharge on domestic companies increased to 10 percent from 5 per cent and for foreign companies increased to 5 per cent from 2 per cent if taxable income exceeds INR 100 million. Surcharge on Dividend Distribution tax for domestic company increased to 10 per cent from 5 per cent. This addition in/increase in surcharge to be in force only for one year. Tax incentives A company engaged in the manufacture or production of any article or thing and making investment of more than INR 1 billion in acquisition and installation of new specified plant and machinery during the FY 201314 and 2014-15 to be eligible to an investment allowance of 15 per cent in these two years once the investments exceeds the said threshold. Eligible plant and machinery excludes ship, aircraft, those used in office premise or residential accommodation (including guest house), office appliances including computer software, vehicles, etc. The plant and machinery before its installation should not have been from the date of its installation). The amalgamated or resulting company is obliged to comply with the condition of continuity post amalgamation and demerger. Sunset clause for being eligible to claim tax holiday by an undertaking engaged in power generating, distributing or transmitting to be extended by one more year to March 31, 2014. Transfer of immovable property Every transferee at the time of making payment or crediting any consideration for transfer of immovable property (other than agricultural land) to a resident transferor to withhold tax rate at the rate of 1 per cent in cases where the total amount of consideration is INR 5 million or more. This provision is to be applicable from June 1, 2013. Transfer of land or building or both (other than capital asset) at a value which is less than at stamp duty value to result in computing of taxable value based on the stamp duty value. If any consideration or a part thereof is received by any mode other than cash on or before the date of agreement for transfer, then the stamp duty value to be adopted is that applicable on the date of the agreement. The assessing officer may refer the matter to the Valuation Officer for adoption if the assesse claims that the stamp duty value exceeds the fair market value of the property and the higher valuation by stamp duty authorities has not been disputed before any court or authority. If an individual or HUF receives immoveable property from any person (other than relatives) for a consideration which is less than the stamp duty value and the difference exceeds Rs 50,000 then the whole of such difference to be taxable as income from other sources. If any consideration or a part 5 thereof is received by any mode other than cash on or before the date of agreement for transfer, then the stamp duty value to be adopted is that applicable on the date of the agreement. Additional interest deduction Additional deduction of up to INR 100,000 has been introduced for individuals for FY 2013-14, for interest payable to a specified financial institution on housing loan sanctioned in FY 2013-14. For the purpose of additional deduction, the sanctioned home loan should not exceed beyond Rs 2.5 million. Also, house value should not exceed Rs 4 million and individual should not own any residential house on the date of sanction. Unused additional deduction in FY 2013-14 is to be carried forward and is allowed in FY 2014-15. This is in addition to the interest deduction of Rs 150,000 per annum towards self-occupied property. Buy back of shares Unlisted domestic company liable to additional income tax at the rate of 20 per cent to the extent of distributed income paid to the shareholder in a buy back scheme for purchase of its own shares. Distributed income defined to mean consideration paid by the company on buy back of shares as reduced by the amount which was received by the company for issue of such shares. This additional income tax payable by the company to be the final tax on similar lines as DDT thereby, the income arising to the shareholders in respect of such buy back will be exempt with effect from June 1, 2013. Non-resident proposals The benefit of lower concessional withholding tax rate of 5 per cent to nonresident investor on interest income from eligible long term infrastructure bonds issued by Indian company subscribed in foreign currency from outside India extended to cases of non-resident depositing foreign currency in a designated bank account and such money as converted in INR being utilised for the subscription. This provision to be applicable from June 1, 2013. The basic income tax rate on any income of non-residents by way of royalty and fees for technical services not effectively connected with the permanent establishment in India to be enhanced to 25 per cent on gross basis. The lower rate of taxation of gross dividends received by an Indian company from specified foreign companies (with shareholding of 26 per cent or more) at the rate of 15 per cent extended by one year to financial year 2013-14. Further, if such dividend is received by the Indian company from its foreign subsidiary (with equity shareholding
  • 6. PROJECTS UPDATE May 06, 2013 Vedanta, Essar in race for OHC project at Vizag Port Industrial majors Vedanta and Essar Groups are in the race to get the Rs 845 crore worth Ore Handling Complex (OHC) project at Visakhapatnam Port, said a senior official of the port. The OHC project would be awarded on design, build, finance, operate & transfer (DBFOT) basis once the necessary approvals come from various government agencies, said the official. According to the official, the project involves upgradation of the existing terminal and also creation of a new facility with a total outlay of nearly Rs 845 crore, including Rs 170 crore upfront fee to the port. “The Planning Commission had given its consent for the project in February. We have sent the proposal to the Ministry of Shipping and from there it will go to the Cabinet Committee on Economic Affairs. “We will have to get security clearances from the Ministry of Home Affairs also. We have Vedanta and Essar as the bidders. It will take two to three months to award the 30year-contract to the bid winner,” said the official. Currently, the existing iron handling capacity of the port is at 12 million tons and with the expansion it may go up to 23 tons, added the official. The Shipping Ministry had set a target of 70 million tons for Vizag port for all commodities in 2012-13. The port lost about 7.1 million tons cargo mainly on two commodities -- iron ore and petroleum products. It handled 12.24 million tons of iron ore and 15.08 million tons petroleum products against 16.07 million tons and 18.40 million tons respectively in the previous year. Due to ban on mining in some parts of the country and also drop in iron ore exports, the ore movement from the port has also gone down, added the official. The port official said as part of Maritime Agenda-2020, the Ministry of Shipping needs to change all the major ports into landlord ports. “We have got CCEA clearance for Container Handling Facility under PPP model. However, we are yet to get the MHA clearance for that. Once it comes we will award the contract,” added the official when asked about the other projects that are taken up on PPP model. The capacity of port of Visakhapatnam is 67.33 million tons as on March 31, 2013 and the envisaged capacity is 140 million tons and 149 million tons by 2016-17 and 2019-20, respectively. The investment proposed for various capacity enhancement schemes is Rs 13,940 crore of which about Rs 7,100 crore is proposed to be funded through PPP mode in three phases, said a senior official of the port. NHAI urged to settle disputes with road developers The Road Ministry has asked the National Highways Authority of India (NHAI) to expedite the process of resolving disputes with highway developers by the independent committee set up under the Authority to review individual cases and send its recommendations to the NHAI board. Since its inception earlier this year, the committee has taken up seven cases of pending claims but is yet to resolve any of them, said ministry officials. At present, about 227 cases with Rs 10,963 crore of developer dues are stuck under arbitration or are pending in court. “We have asked them to meet more frequently and would like them to sit each week, so that they can resolve multiple cases swiftly,” said a highways ministry official, who didn’t wish to be named. Many of these claims are due to delays in land acquisition, change in scope, officials’ reluctance to sign off on deviations and cost escalations permitted under the contract, restricting the ability of developers to bid for new projects. In November 2012, the NHAI board had approved a three-stage system to resolve disputes under which pending claims and cases are first referred to a committee of chief general managers from the NHAI. Then it is taken to the threemember independent settlement advisory committee (Isac), which reviews the recommendations and can communicate and negotiate with contractors. Their recommendations are then taken to the board for approval. The seven pending claims are currently stuck at the second level. The ministry hopes to fast-track settlement of claims, some of which go back to projects awarded as far back as 199798, and release the much-needed capital -- stuck in financial disputes -- back into the funds-starved sector. 6 French aid agency may extend loan to Kochi Metro by Dec. French financial agency, Agence Française de Developement (AFD), is likely to make its final commitment on providing loan to the Kochi Metro project by the end of December 2013. A team of transport experts from AFD led by Xavier Hoang held discussions with Elias George, Managing Director of Kochi Metro Rail Ltd and E. Sreedharan, Principal Adviser, Delhi Metro Rail Corporation. This is the second team visiting Kochi to evaluate the project. The next team from AFD is expected to visit in September. The French agency is expected to provide a loan of up to euro 130 million (roughly Rs 1,000 crore) with a tenure of 20 years plus a moratorium of nine years. The rate of interest will be 2 per cent. The project needs an external borrowing of about Rs 2,170 crore. The AFD representative said they had visited sites and collected information for evaluating the project. The third team would make the detailed investigation based on which their board would finalise its decision to extend the loan. Addressing the media, George said, “After deliberations with the AFD, we believe that we are in line with the pre-requisites for the funding. If things go well, we will get a commitment by the end of this year.” He added that both Kochi Metro and AFD agreed that more attention had to be given to environmental and social impact and replacement and rehabilitation (R&R). Kochi Metro has already invited expression of interests from international agencies for preparing the social impact and R&R policy. Meanwhile, Kochi Metro handed over Rs 34.18 crore for land acquisition to the Ernakulam district administration on April 22. The fund will be used mainly for acquiring land at Muttom, near Aluva. With this, KMRL had already handed over Rs 76 crore for land acquisition. The total estimated cost for Kochi Metro is Rs 5,180 crore, and it is scheduled to be completed by 2016. The first phase will have 22 stations and a system length of 26 km. KMRL has also sought financial aid from the Japan International Co-operation Agency (Jica). The loans expected from AFD and Jica work out to about 42 per cent of the total project cost. The state is expected to pool in Rs 2,009 crore (including land acquisition cost) and the Centre Rs 1,002 crore. Impose penalty for delaying nods to infra projects: Montek Planning Commission Deputy Chairman Montek Singh Ahluwalia has suggested introducing some form of penalty for delays in statutory clearances to infrastructure projects being executed in the public-private partnership mode. “Most projects are delayed because statutory clearances are not delivered on time. One way to handle this is to introduce penalties on behalf of the government,” said Ahluwalia at a Ficci conference recently. “If the project is delayed, the government will have to pay penalty. While it may be raising cost of the project, it will also create an incentive not to delay clearance.” The tardy pace of clearances in India is often blamed for the low level of private sector participation in key areas, especially infrastructure, which in turn inhibits growth. Ahluwalia said speedy clearances at the government’s end is essential to attract at least 50 per cent of the estimated $1 trillion needed to be pumped into the country’s infrastructure sector in the 12th Five-Year Plan. Private sector participation in infrastructure PPP projects has grown from 10 per cent of the required investment in the 10th Plan period to 37 per cent during the 11th Plan. “In the 12th Plan period, no less than 50 per cent of the estimated investment would have to necessarily come from the private sector, as there are zero prospects of the government being able to finance such projects beyond 50 per cent. If it can’t be done, then we had better lower the growth projection than the average growth of 8 per cent as stipulated in the 12th Five-Year Plan,” he said. Arvind Mayaram, Secretary, the Department of Economic Affairs in the ministry of finance, who was also present at the summit, underlined the need for adequate resources to maintain the existing infrastructure, while scouting for funds for creating new assets. “Both the government and the private sector were beset with the problem of lack of institutional capacities to manage concession agreements over a 20-year period, and it is time to have a re-look at such capacities for managing and maintaining PPP projects,” said Mayaram. To help achieve this, Mayaram suggested allowing easy exit for contractors once the project is stabilised as well by enhancing the credit rating of SPV bonds while private players can look at setting up facility management firms.
  • 7. CONSTRUCTION May 06, 2013 7 ‘Make your home a small domestic paradise’ Interiors today are all about pragmatic and beautiful environments ameliorating the lives of people at home and at work. Decorating and designing home not only gives an aesthetic feel but it also amends the whole atmosphere of the living space. Since its inception Ansa Interiors has turned the dreams of many into reality. With our focused approach, we have always maintained functionality, ergonomics and economics. We ensure that every designed project of living space speaks volumes of our work. Making interiors is not a tedious task, when pared down with a proper methodology of designing. Our home: Vikaspuri Residence To get a personal feel of your home, it is important to complement less with décor, try and discover new innovative ideas. Nature itself is an inspiration to endless ideas and themes where the soothing natural colours manifest and enrich a style of their own, and give a sense of joy and satisfaction. Our three-bedroom apartment was renovated keeping in mind the tastes and styles of a nuclear working family. With summation to basic fundamentals of good design, consideration was to complexities of today’s modern society, such as safety and performance, creating a barrier-free comfortable environment. The significant requirements in this apartment were a living room, bedroom, kids’ room where the whole area is well connected, especially taking care of noise levels as the apartment faced the main road. Living room The living room is the heart of every home. While planning interiors for the living room it is imperative how you want it to look like -- the style, accessories, furniture, colours, lighting system and so on. The room should possess an exotic mood to lure whosoever enters it. The design and interiors of the living room represent the part of a person we are. Be it contemporary, modern, casual, rustic or eclectic. You can go for neo-classical styles which are more earthy, beige and brown tones can be seen as highlight of the living area, giving it New Delhi-based interior designer couple Ankush and Sapna Aggarwal launched Ansa Interiors with a vision to bring to life dreams people have about their homes or offices. Ansa Interiors is amongst the best conceptual designer firms in today’s niche market. Their services include making customised layouts, supervising the site, helping in purchase of materials, overseeing budgets, etc. The name ‘Ansa’ is derived from Ankush (AN) and Sapna (SA) and was established in 2003. Ankush is a graduate in Commerce and post-graduate in Interior Designing from the International Academy of Design. Sapna graduated in Home Science from Lady Irwin College and in Interior Design and Decoration from IAD. The CEO of Ansa Interiors, Ankush Aggarwal, shares with Remona Divekar some highlights of their residence Vikaspuri. Excerpts: an enlightened feel. The choice of colours is completely the end-user’s discretion. You may go in for bright colours such as red, orange or yellow. If you wish to make it a relaxing and quiet room, go in with soft colours like blue, green and purple. The living room can be accessorised Whether you choose modern style to contemporary, simple to traditional, the beautiful collection of wooden furniture adds to the beauty of your living room décor. Leather living room furniture is another common style adapted by many Indian homes, available in different styles, designs, colours and using a number of furnishings. You can put wall mirrors, stylish lamp shades, candles and candle stands in the living room to make it more delightful. For our home we have used bright beige, brown combination of furniture and sofa sets, wall art, murals, moldings, lightings and window treatments as they gives a stylish feel to the room. It can be decorated with accessories of your choice to make it look brisk and charming, just the way we have done using bright yellow golden shade for hanging lamps. For the floors, wooden, vinyl flooring give an ascetic look whereas laminated flooring can be laid relatively easy, giving a fresh look which can be topped off. patterns which boast of high durability and comfort. Wooden furniture Today’s furniture is setting a trend which appears in various forms and designs. Wooden living room furniture is graceful with no comparison. Lighting Lighting is the most essential part of every room where installing of aesthetic lighting is important. Decorating lights can be placed all over the room while task light in the false ceiling looks wonderful. Lamps and decorative candles also increase the charm of interior décor of the room. Bedroom Bedrooms should necessarily reflect the user’s lifestyle, his practical needs, aesthetic preference. To design an ideal bedroom one must consider the inner most thoughts and ideas of the person, his/her cultural background, the temperament, storage space required and taste of the colour scheme. The colour we have chosen is subtle instead of dark and bold primary colours, as light shades and rich-jewel hues enhance the mood and coziness of the room. I personally suggest shades of hues to anyone doing up their bedrooms. For the available storage space in the bedroom you can store your things out of sight, add other things to fill the space. Your room should look more calm and cozy. A bedside table with some drawers can hold your personal books and magazines or other stuff within reach, but not out of your sight. You can use a trunk or storage bench to store bed sheets, pillows and other material. Use bed panels to store expensive items, utensils and other kind of stuff for better storage. Decorative lighting sets the mood and adds interest in your work. Essentially after primary lighting fixtures such as tube lights and bulbs, you can arrange stylish lighting fixtures in the bedroom. Children’s room A colourful kids’ room fun filled with colours splashing on one wall, a white board of the kid’s height and a wardrobe with drawers below for him to operate himself. As it is uncluttered, it gives ample space for the kid to play freely with no sharp corners, no loose cabinets, and no breakable items which ensure the kid’s safety. The windows of the house are big enough to ensure sunlight and ventilation, but at the same time double-glazed to avoid unwanted noise. Ideally, the children’s room should grow with the child, thus the elements chosen in the room should not be very long lasting. It should be the most playful and interesting thing to design as it needs a lot of creativity, careful and practical designing. One must start with the child’s favourite interest and that should be the key factor to design anything. Storage should be adequate as it is one thing that grows with the child. The window treatment is very important as it defines the look of any room. It should supply sufficient light and air. They can be simple or colourful with curtains, films, blinds or roller shades. Kitchen with culture Kitchen lighting should be bright and functional. Care should be taken to ensure that light does not cast shadow on major working areas. Light fitted on the underside of the overhead cabinets lights up the counters effectively. It is important to ascertain individual preferences over common lifestyle and eating habits of users. Flooring should be non-slippery, resilient, hard wearing and easy to clean. Marble is the most common choice but one can also go for Kotah stone, too. Ventilation is the most important aspect that should be taken care of properly. Kitchen walls should be able to withstand all kinds of fumes and splashes. Use good quality plastic emulsion paint for areas under the sink and near the wash area. Materials such as stones, glazed enamel tiles, stainless steel, laminates can be used for counters and each has its own pros and cons. Some useful tips Make the best use of sunlight; ensure that the house is well-ventilated and well- lit. A colourful house will have an element of joy, simple and specific space for everything. Since both are working, kitchen should not to be in a secluded area for the lady of the house. If the area of the house is very small, but because of designing concepts, the house might look big and spacious. When you start with bedroom furniture, always start out with floor plan and the space in your room. The furniture should not be large or bulky to cover the whole space; it should be small -- bed or table or almirah – and it should fit the room. For a large bedroom, choose big accessories and table that may fit into the room. A small bed or a small dressing table may not be noticed in that big room. Limit your furniture in the bedroom; it is a room for rest not to idealize time. Relaxing abode To sum up, our home is a relaxing abode, full of life, taking you away from the madness of daily life. As designers our exposure to the interior world and new concepts is homogenous, but none the less our house has kept the essence of simplicity intact. However, it is accentuated by clean modern lines; a standout feature is the transparency afforded by the design with all spaces barring the two bedrooms, being interconnected. For instance, the open drawing room, lounge and dining area ensure that guests can freely interact with each other and still be a part of the home and family. The oneness of the space is further highlighted as we have Italian flooring throughout the home, except for the drawing room. Also, functionality took precedence over design of the entire home. Thus, considering all the above factors, an interior designer’s only aim is to make an ambience which is the most loved by the entire family; a place in which it is pleasing for all to be together. Our aim should be to create our home as a little domestic paradise where several people find it easy to move about. It should be attractive and welcoming, perfectly in tune with surroundings; a reminder of family traditions and rediscovered family values. Finally, it can be said that this home is simple, with functional offerings of the design aesthetics and amenities of an indulgent luxurious lifestyle.
  • 8. rEAL ESTATE May 06, 2013 Sinking gold prices and future of residential real estate In India, precious metals are an investment class that most people will consider after this basic desire is satisfied With gold prices currently on the descent, many investors are asking themselves if residential real estate prices will follow. Gold and real estate are the two primary investment routes for retail investors in India, so this is definitely a valid question to ask. The performance of residential real estate as an asset class is doubtlessly dependent on the macroeconomic factors that also dictate the performance of other asset classes, including gold. Nevertheless, the correlation between gold and real estate prices is not as distinct as one may at first assume. Supply and demand Price movements in the real estate sector are the result of supply and demand. This is true for gold as well, but the demand drivers for real estate are not the same as for precious metals. Though, in investment terms, they technically fall under the category of asset classes, the demand for residential property stems from the desire for home ownership that is hard-wired into the Indian psyche. It is demand from end-users that dictates investors’ appetite for residential property. In India, precious metals are an investment class that most people will consider after this basic desire is satisfied. Moreover, the prices of precious metals are not locationspecific – they rise and fall uniformly. This is hardly the case with real estate, which performs differently at different times in different cities and micro-locations. In a vast country like India, it stands to reason that various markets will display varying pricing dynamics. Real estate valuations also range from rational to irrational in different areas within the same cities, depending on the levels of supply, demand and investor activity. At the same time, other cities continue to remain uniformly rational because they are largely end-user driven. Market knowledge There is no one-sizefits-all formula for the viability of residential real estate as an asset class for investment. Different investors have different levels of expertise, experience, market knowledge and risk appetites when it comes to different asset classes. Those with insufficient expertise in stock trading are not likely to see satisfactory ROI from their activities on the stock market. Likewise, investors who lack the requisite knowledge and research to make winning real estate investment decisions will not meet with much success in this vertical. Real Estate They are the most cost-effective residential options for people who prefer to own rather than rent, especially in projects close to workplace hubs Inflexible demand There is a steady and inflexible demand for studio apartments, both in metros and tier-2 cities. These apartments are usually the first to be sold out in a residential project that features them. Without doubt, they are the most cost-effective residential options for people who prefer to own rather than rent, especially in projects close to workplace hubs. Another factor that drives demand for such units is the ease with which they can be rented out or sold at a profit on the secondary market. This also makes studio apartments a prime target for investors. Moreover, story are extremely strong. Even in this turbulent economic environment, India remains the cynosure of interest by global MNCs and investors who see the limitless potential of a young, growing economy, a wealth of highly trained workforces across the manufacturing, IT/ITeS and services industries. All this translates into assured job creation, and therefore demand on the residential real estate market. However, Indian residential real estate is definitely not the best route for short-term investors. When it comes to opportunistic trading, gold is doubtlessly a far more suitable asset class – not least of all because one can purchase it in small or large amounts and liquefy it quickly. Turning a profit with gold is really only a matter of timing the market. Conservative banking The enduring studio apartment Technically, studio apartments comprise single large rooms that encompass the bedroom, living and dining areas, with compact kitchens and bathrooms attached. When they first made their appearance on the Indian residential landscape, studio apartments found favour largely with bachelors and small families who spend most of their time at work. Even today, the demand for studio apartments comes primarily from software professionals and executives from the manufacturing sector. Such professionals have generally spent over a year stationed in a metro and find that they prefer to pay EMIs on an affordable, maintenance-friendly living unit rather than pay high rents for flats and serviced apartments. 8 studio apartments do not attract much maintenance costs and make for hassle-free purchases as well as resale. Logical choice The typical Indian home buyer prefers larger homes, and will go in for more generous formats whenever possible. However, the rate of property price escalations in our primary cities has narrowed things down considerably. Simultaneously, proximity to the workplace remains a priority in an evolving economy, and the studio is the logical choice for investors who have sufficient market knowledge or work with experienced real estate consultants will not fail to see lucrative returns on their investments. Three parameters for successful investment in any asset class are when to invest, how much to invest and when to exit. In real estate, three additional variables are where to invest, into which size and configuration, and in which location. Short-term, long-term outlook In the short term, residential real estate prices in different cities will either remain steady, see minor upward or downward fluctuations. In the long term, they will rise again. The fundamentals of the India real estate those who cannot or do not choose to buy larger units. Studio apartments are also popular with mid-management level buyers who tend to reside in certain cities for extended periods. Rather than pay for a serviced apartment or hotel room, they prefer to acquire studio apartments and sell them off when they no longer need them. There is also a lot of demand from single working individuals and newlymarried couples who need to set up a home immediately and eventually upgrade to larger size homes later Of course, this applies for residential real estate, as well. However, thanks to a conservative banking system that makes ‘flipping’ extremely unattractive, residential real estate as an investment class is a very different ballgame in India. More and more regulations are being brought in to subdue the appetite for speculation in this sector. Also, the lowest entry point is definitely much higher than for gold. Finally, it requires a minimum ‘incubation’ period in order to bring ‘appreciable’ returns. Even after one has satisfied all the basic investment criteria -- good location, right size and configuration, right entry point and right entry price -- one needs to stay invested for the mid-to-long term in order to garner the best possible returns. As a general yardstick, an investment horizon of three to five years is ideal. Anuj Puri Chairman & Country Head, Jones Lang LaSalle India on. As already stated, the demand for such units on both the primary and resale market is consistently high. Fastest-moving products When the downturn hit the Indian real estate market, practically the only residential configurations which continued to see demand were studio apartments and cost-effective 1BHK flats. The demand for larger units has meanwhile revived considerably, but studio apartments are still the fastestmoving products on the market. The margins are low, but it is definitely a high volume vertical and many developers bank on such configurations as a sure-fire sales proposition, with almost instant absorption if the location is right. This provides them with instant working capital. The demand is even greater for furnished studio apartments, and many developers offer these as well. The current demand for studio apartments is percolating down from the equally high demand for serviced apartments, and is still picking up from there. Eighty per cent of the overall demand for studio apartments in cities like Mumbai, Delhi NCR, Bengaluru, Pune and Chennai is driven by software professionals and recently relocated manufacturing sector executives. Price points vary according to city, location and amenities offered, but generally range between Rs 12-35 lakh. Om Ahuja CEO-Residential Services, Jones Lang LaSalle India
  • 9. equipment May 06, 2013 9 Tata Prima 2528.K Tipper – tough performer The Construck PRIMA range of tippers from Tata Motors is especially suited to provide the necessary momentum in the construction and mining sectors. Coming from Tata Motors, the leaders in truck manufacturing in India, PRIMA construction tippers are equipped to facilitate the pace of progress for mammoth projects undertaken throughout the country. It is imperative for new infrastructure developments to employ the latest reliable technology and superior equipment – including the latest tippers. Thus, in order to meet steep deadlines and negate losses incurred e f f i c i e n c y. I n a d d i t i o n , l o n g e r maintenance intervals, coupled with a wide range of low maintenance or maintenance-free components, increases economy even further. through machinery failure, PRIMA tippers from the Construck range function as the backbone for all construction and mining applications. Advanced features that spell power, productivity and faster returns on your investment: Prima 2528.K has been built s p e c i f i c a l l y f o r s t o n e q u a r r y, limestone, irrigation projects, offroad mining, iron ore, tunnel work, road construction applications, etc. Considered a tough performer that can successfully tackle every challenge in heavy-duty operations, its high level of robustness comes with stronger chassis, especially designed 1200X24 mining tyres and durable 48T heavy duty bogie suspension. A reliable power train ensures that possible loss of power or dissipation from the engine to the wheels is mitigated and kept minimum, thereby increasing New Sandvik CH550 cone crusher for peak performance The star of the show insofar as the Sandvik booth goes was the company’s new CH550 cone crusher. This 18.9-ton crusher attacks material with a 442 horsepower motor and can be configured for either secondary or tertiary crusher applications. The CH550 is based in the company’s Hydrocone design. An automatic setting system delivers optimal material reduction and shape, and one of three eccentric bushings with cover 90 percent of the application range. Wear parts have been adapted for a long lifetime per ton produced and new drive arrangements precisely align the V-belts more effectively transfer power. Compared to earlier models the CH550 results in lower energy use per ton, reducing emissions of CO2 by 30 tons a year and reducing operating costs. Superior Technology that makes it stand apart: Common Rail 270 HP Cummins ISBe engine; Bigger 430 mm Clutch; Reliable ZF 9S 1110TD–9 Speed Gear Box with Crawler Gear; Tata RA 210 HR-T Hub Reduction Rear Axle; Best in Class 48 Ton Bogie S uspension; Bigger 12.00 x 24 Mining Tyres; 16 Cum Rock Body (Hardox) & Box Body; Best in Class Gradeability 57.8%; Data logger for optimum operation management; Cruse PTO for faster and smoother tipping operations. Longer oil change. Most comfortable features that make DRIVERS operate more duration. Fully 4 point Suspended World Class Tiltable Cabin; Cabin with HVAC (Heating Ventilation Air Conditioning) for all weather operations; Remote key less entry with Central Door locking; Fully Suspended pneumatic seats; Smaller Adjustable Steering Wheel; Instrument Cluster with Multi functional display. Hyundai’s new mini excavator R25Z-9A Hyundai Heavy Industries presented its new 2.6-ton class mini excavator at the Bauma show, the R25Z-9A. It said the market had requested such a model, and that it filled a big gap in the Hyundai range between models R16-9 and R27Z-9. The new mini excavator has a Tier 4 Mitsubishi engine with Z rating – Zero- US too. Hyundai Heavy Industries 9A series was launched last year. Apart from mini excavators, the range includes wheeled and crawler excavators up to 120 tons operating weight, right up to 6m3 class wheeled loaders. They are driven by Perkins and Cummins engines with EGR and diesel particulate filters (DPFs) Turn-Radius, which means that it can turn within its own contours and so can work in confined spaces – and can be fitted with buckets with a capacity of up to 0.07m3. The mini excavator will be supplied on the European market with a glass ROPS/FOPS cab. It has a springloaded seat, foldable pedals, sensitive joystick and storage space. Hyundai said this was particularly important for small construction equipment, as mini excavators are often used in difficult work environments, such as demolition work inside buildings with poor visibility or lighting. The model is mainly aimed at the European market, although Hyundai felt there might be some sales in the standard for machines over 130kW. There is no DPF for Cummins engines under 130kW. A number of innovations are said to make it easier than ever to work with these machines. For example, the joysticks on the HL780-9A will be electrically controlled for particularly delicate work. Some of the wheeled loaders in generation 9A onwards are fitted with automatic differentials and converter lock up, which is said to reduce fuel consumption further. Lockable differentials are available as an option for various configurations. The high performance Hyundai wheeled loader HL780-9A has an automatic lockable differential for the front axle as standard. Komatsu WA270-7 wheel loader decreases fuel use by 10 pc Improve efficiency and decrease f u e l p r o d u c t i o n w i t h Ko m a t s u America’s WA270-7 wheel loader, which delivers 149 net horsepower via a Tier 4 Interim SAA6D107E-2 engine, and lowers fuel consumption by up to 10 per cent compared to the WA250-6. The 28,836-pound machine features Parallel Z-bar loader linkage, which offers both a parallel lift linkage and high tilt forces. For quick and easy bucket loading, the PZ linkage delivers a 10 per cent increase in lift force. The Komatsu Variable Geometry Turbocharger and an Exhaust Gas Recirculation valve delivers better precision, better air management and longer component life. Komatsu’s diesel particulate filter has an integrated design and a smart system that enables a high percentage of passive regeneration. SmartLoader Logic delivers the preferred engine torque for the job at hand, while simultaneously saving fuel by decreasing engine torque when not needed. The hydrostatic drive train boasts an increased pump capacity, improving efficiency and boosting responsiveness while eliminating brake wear through the dynamic braking effect. The system also includes a traction control system that helps performance on soft or slippery terrain. A variable speed control system enables the operator to set speeds based on the application. The WA270-7 also features a new cab. The front glass is lower than previous models for improved visibility, and a redesigned seat-mounted right hand console has a multi-function mono-lever with proportional control for the integrated third spool. Connecting devices such as mp3 players is made easy via an auxiliary input with two 12-volt ports. The cab also includes a 7-inch high res LCD monitor that allows the operator to modify settings and check operational records. Maintenance is simplified through convenient service access and increased cooling capacity, wider cooler fin spacing and an autoreversing fan. Komatsu’s Equipment Management Monitoring System provides enhanced diagnostic and troubleshooting features.
  • 10. REAL ESTATE May 06, 2013 Sahara to develop Rs 149-cr plot in Bengaluru The group operates through different brands including Radisson Blu, Radisson, Park Plaza, Park Inn Radisson, Country Inns & Suites and Hotel Missoni. The India properties span several of these brands. The average level of occupancy is estimated to be about 65 per cent which is likely to grow as economy picks up. The hospitality sector according to research study predictions is likely to get into a buoyant phase by 2015-16, where demand may outstrip room availability. Premium flats in Chennai by Radiance Indian housing project makes waves in Sri Lanka India will build over 40,000 homes in Sri Lanka’s war-ravaged northern and eastern areas. The Indian Housing Project is a housing reconstruction project funded by the Government of India and implemented through a MoU with the Government of Sri Lanka. The Steering Committee for the Indian Housing Project has placed on record its appreciation for the progress made in terms of selection of beneficiaries and release of funds during Year-1 of phase-2 of the housing project. As on March 31, 2013, a sum of Sri Lanka rupees 2.28 billion has been disbursed as installment Mumbai, Delhi, Chennai, Kolkata amongst other fast growing cities across the country. For this reason, Mumbai along with few other cities has started implementing MRTS to serve the growing population owing to heavy influx from rural pockets. Recognising the need, the state government and urban infrastructure authorities in Mumbai have put together a comprehensive transport infrastructure makeover plan. This city is set to witness the most advanced of its kind integrated multimodal transport system that promises to shape up the city infrastructure in an organised framework like never before. Apart from the metro projects, BRTS projects, the city will also be home to the country’s first-ever monorail project that urban India is looking forward to. Scomi Engineering, and its consortium partner Larsen & Toubro secured the Mumbai monorail project from the Mumbai Metropolitan Region Development Authority (MMRDA) in 2008. The first reason that makes monorail a “must have” network in the city is its limited establishment needs. Mumbai is a densely populated city and monorail is the most viable option available, for it can easily move through the city’s narrow corridors taking tight turns. Monorail is said to be the most suitable mode of travel in urban nerve centres due to its maneuverability that Carlson Group will add 10 more properties Global hospitality chain Carlson Rezidor Group is planning to set 10 more properties to its portfolio across its different brands in 2013. The group operates about 1,400 properties across various markets and has 64 hotels under its fold in India. The group has a pipeline of 43 projects to be completed by 2015. The company has targeted to cross 100 hotels by the year 2015. Last year the Group added 13 properties and it expects to add at least 10 more properties before the end of the current year. The Sahara Group has bagged a 25-acre plot in Whitefield, Bengaluru for Rs 149 crore, and plans to build offices and a hotel there. The realestate-to- retail conglomerate Sahara has bought the plot of land from the Asset Reconstruction Company of India (Arcil), which had picked it up under the Sarfaesi Act from banks and financial institutions after BPL defaulted on its debt payments a few years ago. Sahara confirmed the transaction. “The assets have been acquired from Arcil and will be utilised as per the main objects of the company. The payments were made as per the terms of bidding process and till date we have paid Rs 100 crore,” said Abhijit Sarkar, Head of Corporate Communications for the group. Sahara is planning to build a mixed-used commercial building in the city which will have a hotel and an office tower, said sources. Sahara, however, did not specify the kind of development it is planning. 10 that improves connectivity to a great extent. It will easily move through the city’s narrow corridors taking tight turns saving much travel time and decongesting road traffic to a great extent. The route being linked through major areas in the city will benefit the commuters who travel longer distances with a much better and safer mode of transportation. project will have 360 apartments in three towers and five blocks. While the 90 studio apartments come in sizes ranging from 622 sq. ft. to 654 sq. ft., the 54 two-BHK-plus-study units come in a fixed size of 1,575 sq. ft. In addition, there are 189 threeBHK units in sizes ranging between 1,780 s.q ft. and 1,911 sq. ft. and 27 four-BHK units of 2,375 sq. ft. each. The company has announced a launch price of Rs 6,399 per sq. ft. huge construction opportunities and other capacity augmentation projects ensuring speedy service delivery. Mass Rapid Transit Systems that have gained prominence in recent years serving a bulk of the urban milieu with urban modes of mobility must be put to best use for procuring cost-effective results. construction quality, value addition to services and alike. Moving forward, urban transport must be an integrated and diverse system with various modes of transport –- public and private aligning them to form a multimodal system supporting the ever growing demand of rapidly growing cities. Thus, the need for greater infrastructure investment is clear, but equally important is the need to sustainably manage such investments. Sustainable transport is needed reducing risks of traffic crashes, street crimes and promoting better social cohesion, making public transport attractive and the preferred choice for commuting. The global economy currently is in a severe slowdown, upsetting developmental targets of economies across the world. In this situation, infrastructure remains a top priority for addressing developmental gaps as it is considered capable of lifting economies out of the financial turmoil. The Indian government should take a revisit to the existing patterns and explore newer avenues to help the sector emerge stronger than ever. We are bidding for Chennai and other cities in India. Also, we have a long term view for India. The Mumbai monorail master plan proposed the construction of eight lines is estimated at a cost of 202.96 billion ($3.7 billion). payments. This includes first installment payments transferred to 11,379 beneficiaries, second installment payments to 3,448 beneficiaries, third installment to 741 beneficiaries and fourth installment to 18 beneficiaries. The eastern province phase of the project will begin soon prioritising h i g h l y- a f f e c t e d a r e a s a f t e r a n assessment to indicate the number of resettled families. The 36-month project is scheduled to be implemented from mid-2012 until mid-2015. The specific action of this project will lead to direct housing provision through the reconstruction and repair of 43,000 houses. improves connectivity to a great extent saving travel time. It’s a well-known truth that acquisition of space for setting up a railway project is a problem in a city like Mumbai, but monorail comes with a default solution to it. Its construction does not involve dismantling any of existing buildings and structures for its tailor-made to move in routes where there is literally no scope for road widening. The light weight of the monorail coaches and lesser infrastructural requirements also reduce the time gap between the foundation and execution of the project. Monorail also aims at reducing pollution caused by other public transportation systems leading to much-needed sustainable development in the city. Monorail follows the lines of green transportation as its coach’s move on rubber tyres on concrete beams creating less noise and vibration during operation and is powered by electric motors which are silent, efficient and clean. It is estimated to save approximately 200 tons of CO2 a day in Mumbai. A fast-growing property development arm of the erstwhile EPC major, NAPC, Radiance Realty will develop properties that are accessible from both the OMR and the Pallavaram- Thoraipakkam Radial Road in Chennai, thereby offering residents easy access to both the IT corridor and the commercial hub of the city. Offering high-end residential apartments including a mix of studio, 2-BHK, 3-BHK and 4-BHKs, the Monorail vs. local railways. Which is the most practicable option of the future as a mode of transportation for the common man? Monorail will be the most suitable mode of travel in fast growing cities like Mumbai due to its maneuverability Give us an over view of other mono rail projects in other metros, and a comparison of Mumbai metro to them? India is one of the world’s fastest growing economies today. With growth has come an increased pressure on infrastructure development to support the economy and as a result of which we see an increased thrust on development of transportation infrastructure in the country. Government research estimate shows that there is high pressure on the present infrastructure facilities. The only formidable solution now is improvisation. The best suited approach is to increase the efficiency and quality to seamlessly integrate better and immediate modes of commuting in the densely populated metros like Mumbai, Delhi, Chennai, Kolkata and other fast growing cities across the country. From road to railways developments must be planned with According to you what is the future business outlook of monorail and plans in coming years for other cities? Whilst the need for greater infrastructure investment is clear, equally important is the need to sustainably manage such investments. The Indian government’s success in infrastructure provision will be measured not by the quantum of funds invested, but on how infrastructure contributes to the achievement of India’s economic, social and environmental objectives. Importantly, infrastructure investment should be considered as a means to an end, not an end in itself. The challenge is to preserve them in future amidst growing car and motorcycle ownership rates. The monorail is here for a long haul and Mumbai city today is gearing up for the biggest technological innovation in the times to come. But a lot is left to be done. The next two-three years are going to be the moment of reckoning for the construction industry to establish new benchmarks in efficient management,
  • 11. INTERNATIONAL NEWS May 06, 2013 11 Loesche for new Guayaquil cement plant New products introduced by Suez Cement The delivery of the Loesche LM 56.4 vertical roller mill for the Guayaquil cement plant of Holcim Ecuador is planned at the end of 2013. The order was placed by Chinese general contractor Sinoma-TJ, who will supply a 4,500 tpd kiln line. The mill has been designed for a capacity of 386 t/h and a fineness of 12 per cent R0,09 mm. The motor will have a capacity of 4,000 kW. Moreover, the gearboxes will be identical to the existing Loesche cement mill Type LM 56.3+3. Loesche will also provide spare part pooling for the new mill. One of the factors that influenced Holcim in making this acquisition was the realisation of a unification concept based on the interchangeability of the mill modules. Oman Cement registers stronger Q1 profits As per the unaudited financial statements of Oman Cement Company that ended in March 31, 2013 posted a net profit of about 7 million riyals compared to SR 5.14 million for the same period last year, a growth of 35 per cent. Revenues for the company during the period ended March 31, 2013, 15.65 million riyals, compared with about 14 million during the same period of last year, and profit before tax of 1.7 million riyals, compared with 5.7 million riyals to the comparative period. Egypt-based Suez Cement unveiled new products at the exhibition in Cairo Andreasam, 2013. During the exhibition, the company revealed new brands which reflect the integration with the Italcementi group. The company aims to launch new brands to create a common, unified picture of the four group companies: Suez Cement, Helwan Cement, Portland Cement Tura, and Suez Bags. Bruno Carré, Managing Director of Suez Cement Company, said, “I have seen the major shift in Suez Cement during the previous eight years.” Decline in cement prices in Bolivia of more than 50 per cent), then any dividend distribution by such Indian Holding Company to its shareholders in the same financial year to the extent of such foreign dividends will not be not liable to DDT. This amendment to take effect from June 1, 2013. For non-residents, submission of TRC containing prescribed particulars made necessary but not a sufficient condition for claiming benefit of the tax treaty. This amendment to be retrospective from financial year 2012-13. Income distributed to non-residents by a Mutual Fund under Infrastructure Debt Fund scheme to be subject to distribution tax (levied on the Mutual Fund) at the concessional rate of 5 per cent on a par with the distribution tax levy on Infrastructure Debt Fund set up as a Non-Banking Finance Company. Other key tax proposals Surcharge introduced for individuals (10 per cent if taxable income exceeds INR 10 million). Surcharge on domestic companies increased to 10 per cent from 5 per cent and for foreign companies increased to 5 per cent from 2 per cent if taxable income exceeds INR 100 million. VCF/VCC registered with SEBI as Category/Alternative Investment Fund under the Alternative Investment Funds Regulations granted pass through status. The Income of Securitization Trust regulated by SEBI/RBI to be tax-exempt. Income distributed to bear distribution tax at 25 per cent (individual/HUF) and 30 per cent (others) and be tax-exempt for investors. GAAR provisions modified in line with representations and recommendations made to the government. GAAR to be effective from FY 2015-16. The rate of tax on income distributed by all non-equity funds to an individual or HUF increased to 25 per cent from 12.5 per cent. Policy and legislative developments Rationalisation and iberalisation of the External Commercial Borrowings In December 2012, RBI permitted developers/builders to avail ECB (other than in the form of FCCBs) under approval route for low cost affordable housing projects i.e. project where at least 60 per cent of the FSI would be for units having maximum carpet area up to 60 sq. mt or those covered under eligible slum rehabilitation projects. The RBI also permitted housing finance companies and national housing bank to avail ECB for financing prospective owners of low cost affordable housing units. Several eligibility conditions and track record criteria have been stipulated for developers/builders and also housing finance companies. Further, national housing bank is to act as a nodal agency for deciding project’s eligibility for low cost affordable housing and recommending the same to RBI for approval. In June 2012, the RBI permitted Indian companies to avail fresh ECBs for repayment of rupee loan(s) under the Approval Route subject to following conditions: i. Eligible Indian company: Those engaged in the manufacturing and infrastructure sector. ii. Foreign Exchange Earnings: Such companies need to be consistent foreign exchange earners during the past three financial years. iii. Tr a c k R e c o r d : S u c h companies should not be in the default list/caution list of RBI, and iv. End-use: The fresh ECBs to be utilised only for repayment of the rupee loan(s) availed of for ‘capital expenditure’ incurred earlier and are still outstanding in the books of the domestic banking system and/or for fresh rupee capital expenditure. v. ECB conditions: All conditions stipulated under the ECB Guidelines (recognised lender, all-incosts, average maturity, etc. vi. Overall ceilings: The overall ceilings for all such ECBs approved by the RBI would be $10 billion. The maximum ECB permissible to an Individual company would be 50 per cent of average annual export earnings realised during the past three financial years, subject also to demonstration of ability to service the ECB. vii. Drawdown: The companies would need to draw down the ECB within a month of taking the Loan Registration Number from RBI viii. Other conditions: several other procedural and compliance conditions have been stipulated. In January 2013, the RBI extended the above rupee loan refinance scheme to Indian Companies in the hotel sector (with a total project cost of INR 2.5 billion or more), irrespective of the geographical location. Liaison offices, branch offices and project offices of foreign companies/ entities in India In September 2012, the RBI mandated additional reporting requirement with the concern State Director General of Police by LO, BO and PO of foreign companies/ entities in India. The report requires submission of various details such as list of personnel employed, persons visiting India office, projects/contracts/ collaborations worked upon, list of equipment imported, etc. The report is required to be filed within five working days of the LO/BO/PO (qua each such office) becoming functional and thereafter on annual basis. Huge multiplying effect The real estate sector is a critical sector for the Indian economy. It has a huge multiplying effect on the economy and therefore, is a big driver of economic growth. Hence, it is imperative that growth of the sector be maintained and policies and incentives that aid the development of the sector are introduced. Besides the tax and policy reforms, a lot now depends on the work which remains to be done outside the Budget proposals, such as enacting legislation ushering reforms in difficult areas such as land acquisition and labour laws and executing monetary policies. India does have the advantage of a young demographic dividend and is still on the growth path when compared to most advanced countries; yet has a lot to achieve. Hence, it remains to be seen how the policy matter and the tax proposals once implemented will infuse fresh blood of growth in the sector. Foreword (The views expressed by the author in the technical column are personal in nature based on his professional experience in international tax practice.) Shailendra S. Sharma Tax Manager – Cross-border M&A and International-tax, Deloitte Haskins & Sells, India The abundant supply of cement that comes in POS hardware and building materials led to a decline in the market price of Santa Cruz, Bolivia. Ample supply of the construction material led to lower prices in the market. Agents in hardware markets operating in San Pedro and Santa Cruz High Mutual indicated that the oversupply of cement cut prices of a bag 50 kilos from 69-58 and 62. Currently, stamped Fancesa and Warnes is worth B58; Coboce, B57; Camba, B57 and Yura B50. This price does not include the bill. In Fancesa cement agencies reported selling bag on B56 and that the price did not change. Lafarge Zambia’s mishap-free decade Lafarge Cement Zambia has operated for 10 years without recording any loss time injury (LTI) as per reliable reports. The 10 years of free of LTI in an industrial set-up that includes quarry mining, mechanical and electrical engineering activities as well as manufacturing operation is the result of concerted hard work by all employees. According to the report, in the last 10 years every employee had been reporting for work and returning home to their families safely without any injury or illness resulting from the job that would otherwise have kept them away from work. Low profits for Jiangxi China’s Jiangxi achieved operating income of $1.1 billion, an increase of 25 per cent; attributable to shareholders of parent company net profit of 31 million yuan, down 41 per cent, EPS of 0.08 yuan, lower than expected, but it should be in line with market expectations. Although the one-quarter sales price of cement fell 13 per cent to 223 yuan per ton, the decline in the cost partially offset by a decline in gross profit. One quarter sales of cement and clinker total approximately 4.45 million tons, up by nearly 40 per cent as per reliable reports. New unit in Tanzania by China Sinoma Sinoma has approved the establishment of a branch in Tanzania, to supervise projects in the area. The unit will be named Tanzania Branch of Sinoma International Engineering Co., Ltd. with a registered address in Dar-es-Salaam. The branch is responsible for the Zhangzong Feng, the registration period of three years, the main branch responsible for the Tanzania project 6,000t /d onshore site implementation of the project contracts and service work as per reliable reports. Dangote focused in doubling cement output Nigeria-based Dangote Cement plans to more than double the annual total output to 55 million metric tons by 2015. “The target is based on visible projects in Africa,” said Chief Executive Officer Devakumar Edwin. According to the report, the company plans to start output in Cameroon, Zambia and South Africa in 2014, while it expects to produce in Tanzania, No part of the contents of Construction Industry Review, in abridged or unabridged form, can be reproduced without the written permission of the Editor. CIR does not accept any responsibility for statements and opinions expressed by the authors. Editor : Bina Verma Editorial Team: Dilip Phansalkar, Paresh Parmar Designer: Rajen Mistry Business Team: Rajendra Sadhale (9321490697), Milind Joglekar (9833357005), Shantanu Baraskar (9820904795), Seema Kohli (9820904931) Email: contact@konstructionreview.com, editor@mmronline.com BOOK YOUR SPACE NOW ! Contact:Rajendra Sadhale, Sales Head (Construction Industry Review, Minerals & Metals Review, Foundry Review) Asian Industry & Information Services Pvt. Ltd. Handfone: 932149 0697 / 810 8288333
  • 12. Registered with the Registrar of Newspapers for India under No. MAHENG/2012/41844 Posted at Mumbai Patrika Channel Sorting Office, Mumbai - 400001. Published on Monday, May 06, 2013 Regd. No. MH/MR/South-355/2012-14 NEWS May 06, 2013 EVENTS May 16-17, 2013 Infrastructure Project Excellence Novotel, Mumbai Contact: Sharon Chew Marketing Assistant Marcus Evans Tel: +91- 22- 42317750 sharonC@marcusevsnski.com www.marcusevanski.com May 24-26, 2013 Roof India 2013 Bombay Exhibition Centre, Mumbai The Roof India 2013 is the Asia’s largest trade event dedicated to Construction & Infrastructure Industry. It provides an exclusive international platform for industry leaders to showcase their products and services in the Asian market. The 12th edition displays a wide range of roofing, cladding, pre-engineered buildings, metal building, systems, tensile architecture, steel structures & space frames, roofing machinery, etc. Contact: International Trade & Exhibitions India Pvt. Ltd. 4th Floor, Sekaran Complex, Plot No. 172 - 173, IT Expressway, OMR, Thoraipakkam, Chennai 600 097 Tel: + 91 44 30744444 Fax: + 91 44 30744445 sudeep@itei.in Fall in crude oil prices helps India cement industry The recent fall of crude oil prices in the market is benefitting the Indian cement industry. Most companies in the Nifty50 say the fall in crude oil prices would be earnings-accretive, by way of lower input cost in the near term and higher demand for their goods and services in the long term. Some are treating the correction as akin to a fiscal stimulus that could kickstart a new demand cycle in the economy. According to a report, commodity prices have seen a downward trajectory since the beginning of 2013. Ashok Banerjee, Chief Financial TN Cement poised to expand plant June 14-16, 2013 International Exhibition on Construction Machinery, Equipment & Technology Location: Sri Lanka Contact: Josehp Kurioacose, Director, Agent in India: Cruz Expos. Chingam, K. P Vallon Road, Kadavanthra, Cochin 682020 . Tel: 0484-2320290, 4064135 Fax: 0484-2310595 Mobile: 08893304450, 09846121242 cruzexpo@gmail.com, cruzexpo@airtelmail.in Sept. 2-4, 2013 The Big 5 Construct India The international building and construction show Bombay Exhibition Centre, Mumbai Contact: Jasmeet Singh Tel: +91-11-23323492 (D) 23738760-70 Mobile: +91-9818724323 Fax: +91-11-23359734 (D) 23721504 arun.gupta@ficci.com www.thebig5constructionindia.com Tamil Nadu Cement is poised to expand its Ariyalur cement plant, and has engaged a project management consultancy for the purposes of preparing a detailed project report. Industries Minister P Thangamani . said, “On receipt of the project report, action will be taken for expansion of the Ariyalur cement unit.” According to the report, the company had embarked on numerous other energy fuel conservation measures this fiscal. These include replacing the present power intensive conveying systems with two additional belt bucket elevator systems at a cost of two crore. A waste heat installation system has been initiated at a cost of Rs 25 lakh to utilise the waste heat from the clinker cooler. Officer of Shree Cement, said, “Decline in crude oil prices translates into a lower subsidy bill for fuel and fertilisers and lower fiscal deficit. This will provide the Finance Minister the headroom to spend more on infrastructure projects. More projects mean greater demand for cement.” Shiva Cement hopes for Rs 450-cr returns Shiva Cement is anticipating Rs 450 crore profits in FY16 on the back of the company’s expansion plans. The company recently embarked on a massive capacity expansion and entered into an MoU with the government of Odisha, involving investment of Rs 800 crore. Chairman and Managing Director R. P Gupta said, “The first phase of . our expansion plan, which involves an investment of Rs 270 crore, is expected to be operational by January 2015. We will start seeing the results of this expansion in 2015-16.” The company will be expanding its current 0.132 mtpa capacity to one mtpa in phase-1, and and in the second it will go up to more than 2 mtpa, added Gupta. Oct. 5, 2013 17th Workshop on Structural Audit The Indian Institute of Engineers (India), Mahalaxmi, Mumbai The Indian Institute of Engineers (India) has organised 17th workshop on structural audit and jirnoddhara upgrading existing RCC buildings. The workshop would also focus on fixing leakage and waterproofing of existing RCC buildings, a new concept to construct RCC buildings. Contact: Mr. Jayakumar Jivraj Shah Tel: 022-28483541 Mobile: 9819242649 jjshah123123@rediffmail.com Nov. 12-14, 2013 Inter Solar India 2013 Bombay Exhibition Centre, Mumbai The largest exhibition for the Indian solar industry. More than 300 exhibitors and 8,500 industrial professionals expected to attend. Contact: Brijesh Nair, Sr. Project Manager 0091-80808 44022 0091-22-4255 4707 Nov. 20-24, 2013 Excon 2013 The international construction equipment and construction technology trade fair, Bengaluru Contact: J. Emmanuel Mahesh Kumar, Director Trade Fairs, the Confederation of Indian Industry, Southern Region HQ. 98/1 Velachery Main Road, Guindy, Chennai 600032 Phone: +91-44-42444555 Fax: +91-44-42444510 j.i.maheshkumar@cii.in www.excon.in/www.cii.in Feb. 13-16, 2014 Constro 2014 International Exhibition on Construction Machinery, Material Methods and Projects, Pune 12 Contact : Sharad Bavadekar, Chairman, Constro-2014, Pune Construction Engineering Research Foundation (PCERF), 6 Shriniwas Building, Patwardhan Baug, Erandwane Co-Op Hsg. Society, Pune 411 004 Telefax: 91-20-2544 7356 / 2544 7748 infoconstro@gmail.com www.constroindia.org March 13-15, 2014 Concrete Show – 2014 Showcasing innovation in concrete material and machinery Contact: UBM India, Unit No. 1&2, B-Wing 5th floor, Times Square, Andheri-Kurla Road, Marol, Andheri (E), Mumbai 400059. Phone: +91-22-61727272 Fax: +91-22-61727273 info.india@ubm.com www.ubmindia.in Printed & published by Bina Verma on behalf of Asian Industry & Information Services Pvt. Ltd., and printed at Amruta Print Arts, 205, Tantia Industrial Estate, J. R. Boricha Marg, Opp. Kastruba Hospital, Mahalaxmi, Mumbai 400 011 and published at 1st Floor, Feltham House, 10, J. N. Heredia Marg, Ballard Estate, Mumbai 400 001. Tel.: 022-2266 0623. Editor: Bina Verma Annual Subscription : Rs. 5,000/-

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