The Construct India Mission is a Plan to Make India the Worlds Largest Construction Market by 2025 and simultaneously create 30 Million New Jobs. The Construct India Mission was prepared in response to a Request made by PM Modi to citizens ... to suggest ideas which could be considered for inclusion in his speech on Independence Day

1. Ideas for Prime Ministers 15th Aug ‘ 2018 Speech
“ Construct India ” Mission
Tripling Indian GDP by Creating
The Worlds Largest Construction Market by 2025

2. About the Designer
Ashish Puntambekar is a trustee of the Nataraja Foundation, Mumbai and heads its Design Lab. He has over 25 years of experience working with some of the finest
talent globally in the Energy and Infrastructure sectors and specifically in the area of large Infrastructure project design and design thinking where he is a specialist.
He has been Lead Designer for the Defence Industrial Corridor ( DIC ) project has recently received an investment commitment of Rs 40,000 Crores from the Govt of
India ( Feb, 2018 union budget ). The Indian Prime Minister has personally launched this massive Defence equipment manufacturing project and two large DICs will
now to be built at Bundelkhand and along the Chennai – Bangalore route under a program which is likely to be fully commissioned by 2027.
He has recently been the convener of an International Advisory Board ( IAB ) with Harvard Economists, Former G – 7 Finance Ministers, Foreign Ambassadors and
Defence Analysts as members. His expertise in the Geopolitics of Petroleum, his deep understanding of Middle East history and politics and his knowledge of
technology shifts in the Energy Industry have earned him a name in the energy analyst community internationally. He is also an expert invitee at the Asian
Development Bank ( ADB ) where his work on Urban Equity Withdrawal based financing has been presented. Apart from this he has written articles on Geopolitics,
Energy Security & Military – Industrial strategy for the Indian Defence Review magazine.
Ashish has worked in a number of diverse roles. He started his career as a project engineer working in a large petrochemicals complex and then moved on to various
increasingly senior engineering, business and senior management positions on assignments involving Power plants , Ports, LNG Terminals , Oil Refineries and
Pipelines. He has also worked as an Energy Derivatives Trader for a period of 5 years where he has traded crude oil flat price and petroleum product derivatives on all
major commodity exchanges and OTC Markets / Investment banks around the world.
Over the years, he has designed several multi billion dollar projects which are under active consideration by the Indian Government :
1. The Defence Industrial Corridor Project
2. The Vivekanand Secondary Education Megaproject
3. The Indian Crude Oil Strategic Reserve Project
4. The Mumbai Megaproject – Eastern Waterfront and Artificial Islands
5. The Indian Healthcare Megaproject ( Under development )
6. The Ganges River Basin Re-Juvenation Megaproject ( Under development )
Strategic Objective : Through his work and ideas the author seeks to make India the worlds largest construction market. The focus therefore is not just on robust
project design, but also on financial innovation which is critical to bring these large projects to life … and in the process create approx. 65 Million New Jobs in India by
2027.
Ashish has a bachelors degree in Mechanical Engineering and a Masters degree in International Business.

3. Current Location
2017-18
Destination
2030
IndianGDP,US$Trillion
Source : Trading Economics, Nataraja Foundation
Avg Growth Assumed = 8.75 %
Between 2018 - 2030
Government Target … Tripling Indian GDP By 2030 ( In an Uncertain World )
“ India is expected to be a USD
6.5-7 trillion economy by 2030,
and at the current exchange
rate it would touch
USD 10 trillion by 2035-40.
The per capita income in India by
2030 will however be just USD
4,000, still less than many other
countries. “
Dr. Bibek Debroy
Chairman of the Economic Advisory Council
to the Prime Minister (EAC-PM)

4. Challenge to Indian GDP Growth … A Looming Global Trade War
A Serious
Question
Will India’s Export
Led Growth
Strategy , driven
by a
“ Make In India ”
Plan
Work ?

5. Indian industry not sufficiently
equipped for High quality
manufacturing … Mainly due to skills
deficit.
We therefore need a New Growth
Strategy
A Fundamental Challenge to “ Make in India ” … Not Enough Skilled People

6. Need for a “ Plan B ” to Guarantee Economic Growth

7. Construction Industry Can Create 30 Million
New Jobs by 2025
Can we have a “ Construct India ” Plan ?

8. Training people for “ Construct India ” will be Easier

9. Launching “ Construct India ” using two Anchor projects

10. Possible Project 1 … Mumbai Port Re-development ( Phase II )
Mumbai Eastern
Waterfront …
Status ( March 2018 )
850 + Acres of
Neglected
Opportunity ( 773 +
1300 )
Badly Maintained RoadsDerelict Ship Servicing FacilitiesCars Rusting in Yard
Derelict Wadi Bunder
Railway YardFosbery Road
Closed Factories & Warehouses
Haji Bunder, Sewri
Wadi Bunder, Unused Sheds
Mumbai Port Trust
Land in Sewri
Mumbai Port, Ship Repair Site
Darukhana, Sewri

11. Mumbai Eastern Waterfront & Reclamation … On Completion ( 2027 )
Mumbai Island Separation
Mumbai Luxury Liner Port ( Phase II ) Completion
Supertall Building
Mumbai Tube Train
Mumbai East – Central Park
18 Km Long X 400 Mts wide park
Mumbai Mega Convention Centre
Island Infrastructure
Water World
Mass Housing Project

12. Khidirpur Dry DocksGutted Strand Warehouse ( 2010 )
Victoria Jute Factory
Hoogly River Waterfront
Derilict Andaman Docks
Rajabahan Docks
Babu Ghat
Liquids Jetty
Possible Project No 2 … Kolkata Port Re-development
Andaman Docks Khidirpur
Kolkata Port & Waterfront
… Status ( March 2018 )
2500 + Acres of Neglected Opportunity

13. Kolkata Port Re-Development … On Completion ( 2027 )
Kolkata Trading Hub Convention Centre
The New Hoogly Business District
Kolkata Cruise Terminal
Kolkata Central Park
Kolkata Bird Park New Kolkata Business DistrictKolkata Water World
New University Campus

14. How do we Finance “ Construct India ” ?

15. Adopt Innovative Financing … Urban Equity Withdrawal
L & T’s Bandra ( East ) Project … A Breakthrough In Large Project Finance in India … and a harbinger of
larger projects to come
On the 31st of Oct ‘ 2015 , the Times of India carried a Report about Larsen & Toubro’s Bandra ( East )
Project Proposal.
❑ L & T’s project proposal is unique …
❑ The Maharashtra State Govt. is owner of the 93 Acre Property
❑ Project Proposal in Brief :
L & T likely to win the contract , as earlier
cash offer by a builder consortium to State
Govt. was only Rs. 1300 Crores
Sl. No. Amount
Crores of Indian Rupees
Amount
In Billion of US Dollars
1 L & T to Invest 30,000 4.72
2 Max Expected Sales Realization 1,25,000 19.68
3 Project Management Consultant Fees 5000 0.79
4 L & T’s expected Profit
( Balancing Amount )
20,000 3.15
5 Govt. of Maharashtra Payoff 70,000 11.02
Just 93 Acres will
release US $ 11.02
Billion in Free Cash
Rs / US $ Exchange Rate ( 12th January ' 2018 ) : 63.526
Ashish Puntambekar, The Nataraja Foundation, All Rights Reserved

16. A Larger Question
If a 93 Acre Plot in Bandra ( E ) can potentially Unlock Rs 70,000 Crores in value
How much more value can be unlocked in cities across India ?

17. How do we Execute “ Construct India ” ?

18. Concept 1
Collaboration US, EU & Japan … Creating The worlds largest construction Market In India
India
+
US + EU + Japan + UK

19. Concept 2
Creating Entrepreneurial Banks With Global Aspirations … and Aligned to National Growth
Participating in Large Iconic Projects can be Very Profitable for banks
Transatlantic Cable ( 1866 )
Lead Financier : Citi Bank of New York
Panama Canal ( 1904 )
Lead Financier : J P Morgan
Northern Pacific Railroad ( 1866 )
JP Morgan $ 40 Million Bond Issue
Ashish Puntambekar, The Nataraja Foundation, All Rights Reserved

20. Financing The Marshall Plan
For Reconstruction of
European Cities ( 1948 )
Uniform Cargo Containers (1956)
Passenger Jet (1958)
Participating in Large Iconic Projects can be Very Profitable for banks
UAE Banks
Financing Dubai Projects
Concept 2
Creating Entrepreneurial Banks With Global Aspirations … and Aligned to National Growth

21. Concept 3
Creating a Large Projects Office Under PMO … Execution Focused Machine
❑ The British Govt. has such an office which reports
directly to the Prime Minister Teresa May. This
office has :
✓ A mandate and bandwidth of manage 200 Large
projects with a total life cycle cost of 500 Billion
Pounds Sterling.
✓ A staff of over 200 Project Execution Experts,
Finance & Commercial Specialists from the Private
Sector … from the UK and Abroad
✓ This office, which is based in London does not
execute projects itself but coordinates with
thousands of people across Govt. departments in
the UK , to ensure project targets are met.
❑ Learnings for India :
✓ The Govt. of India needs to set up a Similar office
under the Indian Prime Minister’s Office
✓ Similar offices need to be set up in each state
directly reporting to the Chief Ministers Source :
https://www.gov.uk/government/organisations/infrastructure-and-projects-authority
British Prime
Minister
Teresa May
Tony Meggs, CEO

22. Concept 4
Central Development Idea … Sarvodaya “ The Rise of All ”
Dubai & China Model
Thinking behind This Urban
Equity Withdrawal ( UEW ) Proposal
Objective is to Re-Distribute Wealth … and to Maximize Social Impact
Very few
people
benefit From
Project
Maximize benefits to the Masses
By using UEW funds to finance Large
Education & Healthcare Projects
Central Development Concept
Sarvodaya : “ The Rise Of All ”

23. Urban Equity Withdrawal ( Mumbai Example) … Financing Development In Rural Areas
Eastern Waterfront
Re-Development
❑ Mumbai Eastern Waterfront : US $ 45 Billion
Rs. 2,92,500 Crores
❑ UEW Surplus : Rs 84,000 Crores moved to
finance Rural Development Projects
Mumbai Eastern Waterfront Re-Development … Moves Large Scale Resources to Rural Areas
Urban Equity Withdrawal … The Rise of All
Proposed Location of 2000 MW
Offshore Wind Turbine Facility
Or … Offshore Gujarat where
wind velocities are higher

24. Urban Equity Withdrawal ( Mumbai Example) … How Rs 84,000 Crores Could Be Spent
1. 60,000 Check Dam Project 2. Building Hospitals & Schools 3. 2000 MW Offshore Wind Farm
❑ The 60,000 Check Dam Project Will :
✓ Raise water tables in 7 – 8 years
✓ Create over 6,00,000 New Jobs in rural
areas
✓ Improve rural prosperity
✓ Prevent migration to cities in Maharashtra
and the growth of slums there
60,000 Check Dams @ Rs 20 Lakhs / dam = Rs
12,000 Crores
Problem : Water tables in Vidarbha and
Marathwada have fallen from 125 Ft … to 900 Ft
❑ Education & Healthcare Projects :
✓ 2000 New Secondary Schools in rural
areas
✓ 300 New Hospitals at / below taluka level
✓ 6 New Universities in Rural Maharashtra
✓ 12 New Eco Towns in Tribal Areas
✓ Strategic Equity Financing for Rural
Infrastructure ( Rs 48,000 Crores )
❑ Renewable Energy Project :
✓ Govt of India Target for Solar &
Wind Energy Projects = 175
GW by 2022
✓ It is proposed to build a 2000
MW offshore wind farm along
the Maharashtra or Gujarat
Coasts
✓ Economies of Scale will reduce
Project cost

25. Investment Multiplier Impacts … Mumbai Port Re-Development ( Example )
❑ Investment Multiplier Impacts …
▪ Total Capex : US $ 45 Billion
▪ New Job Creation : During Construction : 3,00,000 ( Starting H2, 2020 )
+ Rural Maharashtra : 6,00,000 ( Additional )
▪ Investment Multiplier : US $ 135 Billion
Impact
For Mumbai Port + Extended Eastern Waterfront alone … Investment Multipliers are Huge

26. Ideas for Prime Ministers 15th Aug ‘ 2018 Speech
“ Construct India ” Mission
Tripling Indian GDP by Creating
The Worlds Largest Construction Market by 2025

27. Thank You For Your Attention
Ashish Puntambekar
The Nataraja Foundation
www.nataraja.org.in
A – 2, Dattaguru
Deonar Village Road
Deonar, Mumbai – 400088
Ph : 91- 22-27707623, 07045414679
Email : ashish.puntambekar@gmail.com
nataraja.Foundation@gmail.com