Infrastructure Projects, Construction. Interviews and reports on the industry relevant to the subject.

1. March 03-09, 2014 1
Volume 3 l Issue No 9 l March 03-09, 2014 l Price: Rs 100An MMR, Braj Binani Group Publication
Maha govt to set up housing
regulatory authority by June
$80 b for infra projects
on Centre’s agenda
The Maharashtra government
proposes to put in place the housing
regulatory authority by June this
year as per the provisions of the
Maharashtra Housing (Regulation
and Development) Act 2012.
The government will soon start
formulation of necessary rules which
will be ready by the same time.
The government’s move comes
close on the heels of Presidential
assent received last month for the
Maharashtra Housing (Regulation and
Development) Act 2012. Maharashtra
will be the first state to establish the
regulatory authority for the housing
sector.
Minister of State for Housing
Sachin Ahir, said, “The government
is quite serious to set up the housing
regulatory authority by June. The
rules will be framed during the code
of conduct for the ensuing elections.
The Act aims to regulate and promote
the construction, sale, management
and transfer of flats on ownership
basis. The Act will empower the flat
owners and it will be a game changer
in regulating the housing sector.”
The government official indicated
that the housing regulatory authority
will be headed by a retired bureaucrat.
that has yet to recover from global
financial crisis. Opposition leader
Narendra Modi, touted as the
next leader of the world’s biggest
democracy, has the backing of big
business and a strong growth record
running his home state of Gujarat.
The elections are slated in May,
but economists see no quick fix after
The Cabinet’s task force set
up by Prime Minister Manmohan
Singh has fast-tracked approvals
for projects worth 5 per cent of
gross domestic product; severe
bottlenecks will limit the scope for his
successor to achieve a turnaround.
The infrastructure investments in the
projects are taking time to revive
the economy as it will pay growth
dividends for the next government in
coming days.
Figures out are expected to show
that the economy grew by 4.9 per
cent in the past three months of 2013
from a year earlier, near a decade
low, as high inflation and increased
borrowing costs depress confidence
The Brihan Mumbai Municipal
Corporation’s former commissioner
Subodh Kumar is a frontrunner for
the post.
According to the Act, registering
the housing project and displaying
it on the website of the Housing
Regulatory Authority becomes
mandatory for the promoter. The
promoter will have to pay fees not
exceeding Rs 50,000 along with the
application for registration.
‘’Hopefully, the state-level housing
regulator will implement systems
which will mitigate risks and increase
accountability. It can potentially
boost transparency by standardizing
practices, streamlining procedure
systems and attending to consumer
grievances in a decisive and timely
manner. It will therefore help in
bringing about a greater level of trust
between buyers, sellers, developers
and financial institutions that fund
the real estate sector. It can also
help curb speculative activity in
the sector and contribute towards
keeping prices in check,’’ noted
Anuj Puri, Chairman & Country Head,
JLL. According to Puri, if the correct
processes are followed as outlined,
developers will benefit as much as
the polls that can overcome malaise
and bring a return to the double-digit
rates of investment growth that drove
India’s boom of the past decade.
“Despite the recent spate of
clearances an early revival seems
unlikely, given the long gestation
period of projects,” says Aditi Nayar,
an economist with ratings agency
Icra. Officials concede that rapid
approvals won’t revive investment
overnight, but they argue that India’s
$1.8 trillion economy could still
achieve growth rates of 7 per cent if
projects are executed on time.
“Delays in projects and critical
inputs are hitting economic growth,”
said C Rangarajan, Chairman of
Singh’s Economic Advisory Council.
The government had set a five-
year target of investing $1 trillion
in infrastructure by 2017, with half
coming from the private sector, in
a bid to lift economic growth to 8.4
per cent.
The Asian Development Bank
(ADB) identified a funding gap of more
than $100 billion. The International
Monetary Fund (IMF) attributes
India’s slowdown in large part to
infrastructure delays. India’s trend
growth has declined as a result to
6-7 per cent from 8 per cent before
the crisis, it estimates.
buyers. While it is not certain whether
the Act will provide single-window
clearance of projects, it would be
ideal if such a system were also
introduced.
Sunil Mantri, President, the
National Real Estate Development
Council, hopes that implementation
of the Act will bring much more
transparency into the sector. ‘’We
want inclusion of various authorities
such as civic bodies, the Maharashtra
Housing & Area Development
Authority (MHADA), the Mumbai
Metropolitan Region Development
Authority (MMRDA), the Maharashtra
Pollution Control Board (MPCB) and
the state distribution utility in the
regulatory set up.
“This is necessary to avoid delays
in the completion of projects for
want of final clearances from these
authorities. Further, keeping 10 per
cent flats under escrow till occupation
certificate is received is very high,
wherein huge funds of developers
will get blocked when the sector is
passing through a liquidity crunch,’’
he said.
The state Act was passed by the
Maharashtra legislature in 2012.
Thereafter, Chief Minister Prithviraj
Chavan had sent communications
to the Centre on July 21, 2012,
May 2, 2013 and November 18,
2013. On December 22 last year,
Chavan had sought intervention of
Union Minister of Housing & Urban
Poverty Alleviation Girija Vyas for
recommending the state Act for
Presidential assent.
The Act makes it mandatory for
developers to disclose property title
and layout and completion plans
to buyers. The project details have
to be registered with the regulatory
authority and will be displayed on
its website.
Developers will be responsible for
fixing major defects that crop up in
the building during the first five years
and may have to refund buyers for
Chronic shortages of power
generation capacity persist, too,
although the broader economic lull
has made it possible to narrow the
deficit to an estimated 4.2 per cent
of peak demand this fiscal year from
9 per cent last year.
One project that has been a long
time coming is the $2.3 billion North
Karanpura thermal power plant in the
eastern state of Jharkhand, where
the foundation was laid in 2001 by
Singh’s predecessor.
Investment projects worth a
combined $52 billion are at least
starting to move forward, out of the
$80 billion cleared, which should lift
demand for raw materials such as
steel and cement. Capital investment
contributes nearly 35 per cent to
India’s economy, but it is forecast to
barely grow in the current fiscal year
that ends in March.
“A broad-based investment
recovery holds the key to a
sustainable uptick in GDP,” said
economist Nayar. Yet, inflation
running at 9 per cent and strained
government and banking sector
balance sheets pose significant
constraints.
However, India’s sprawling
democracy is less responsive to a
top-down approach, unlike China,
with many projects encountering
major opposition on the ground in
addition to the country’s notorious
amount of bureaucratic red tape.
A slump in the tally of new
investment proposals underscores
his point. The number of new project
announcements fell 83 per cent to
266 in the last quarter from 1,588 in
the first quarter of 2011, according to
CMIE, an economic think tank.
delayed projects. The regulator has
the powers of a civil court and can
impose fines of up to Rs. 1 crore and
prison terms up to three years.
The Act excludes large housing
stock from its purview: houses built
by the state-run Maharashtra Housing
and Development Authority (Mhada)
and the City & Industrial Development
Corporation of Maharashtra (Cidco).
Also, the rehabilitation component of
redevelopment projects, which form
the bulk of construction in the city.

2. March 03-09, 2014 2building materials
Export: Cement, Cement Products & Building Materials
Date Export Items/ Products Port Code Foreign Port Qty (Kgs) Value (Rs) FOB Rate
Lime Stone/ Marble/ Granite stone
12/4/2013 NATURAL PROCESSED STONE GUR NETHERLANDS 26000 168776.08 6.49
12/6/2013 NATURAL LIME STONE CHN FRANCE 100000 710921.36 7.1
12/9/2013 UNPOLISHED GRANITE STONES CHN DENMARK 10000 85107.59 8.51
12/11/2013 COBBLE STONES CHN USA 14400000 51150540.56 3.6
12/12/2013 TRIMMED GRANITE CHN SRI LANKA 22000 274493.9 12.48
12/16/2013 NATURAL STONE CHN JAPAN 84000 1180975 14.1
12/16/2013 UNPOLISHED GRANITE STONES CHN UAE 220000 1176621.28 5.3
12/16/2013 ROUGH GRANITE BLOCKS KAN CHINA 335532 8698667.1 25.9
12/17/2013 ALUMINIUM SILICATE MUN SPAIN 49000 395398.46 8.1
12/17/2013 GRANITE BLOCKS KRI HONGKONG 2438000 19972827.4 8.2
12/20/2013 MARBLE TILES PET BANGLADESH 21000 205251.14 9.77
12/22/2013 LIMESTONE CHN BELGIUM 57200 1086281.84 19.0
12/22/2013 NATURAL LIMESTONE CHN U K 252000 1859244 7.4
12/25/2013 NATURAL LIME STONE CHN CANADA 20250 388663.72 19.19
12/25/2013 NATURAL LIMESTONE CHN ECUADOR 100000 1210461.12 12.1
12/25/2013 UNPOLISHED GRANITE STONES CHN NORWAY 438000 995838.5 2.3
Total 18572982 89560069.05 4.8
Marble
12/5/2013 GREEN MARBLE MUN PAKISTAN 267220 2222222.62 8.32
12/5/2013 MARBLE BLOCKS KNA CHINA 11554730 90006866.24 7.8
12/8/2013 MARBLE BLOCKS KAN HONGKONG 5894720 38095839.04 6.5
12/16/2013 MARBLE BLOCKS MUN TAIWAN 3508920 40247516.16 11.5
12/20/2013 ROUGH MARBLE BLOCKS MUN THAILAND 51450 694611.5 13.5
12/22/2013 MARBLE BLOCKS MUN BANGLADESH 603510 2237039.2 3.7
12/22/2013 ROUGH MARBLE BLOCKS MUN ITALY 1345662 13424415.96 10.0
12/30/2013 MARBLE BLOCKS MUN EGYPT 3001660 17884323.84 6.0
Total 26227872 204812834.6 7.8
Natural Manganese
12/18/2013 NATURAL MANGANESE DIOXIDE POWDER MUM NETHERLANDS 0.2 22 110
12/25/2013 NATURAL MINERAL POWDER MICA MUM JAPAN 0.1 2 20
Total 0.3 24 80
Mica
12/1/2013 MICA FLAKES KOL EGYPT 160000 617373.9 3.9
12/1/2013 MICA POWDER CHN UAE 14000 681296 48.66
12/3/2013 MICA BLOCKS KOL GREECE 315 774605.5 2459.07
12/3/2013 MICA FLAKES KOL NETHERLANDS 725492 16590695.08 22.9
12/3/2013 MICA FINE CHN LIBYA 36000 370832 10.3
12/4/2013 MICA FLAKES CHN BELGIUM 2000 63517.97 31.76
12/4/2013 WET GROUND MICA POWDER CHN INDONESIA 9000 702694.3 78.08
12/5/2013 MICA ROUND KOL KOREA 40000 1345128.4 33.6
12/5/2013 MICA KOL AUSTRALIA 108000 1564609.2 14.5
12/6/2013 MICA BLOCKS CHN USA 10361.6 1627370.5 157.1
12/6/2013 MICRONISED MICA POWDER CHN MALAYSIA 17000 542247.48 31.9
12/8/2013 MICA BLOCKS KOL GERMANY 5740 670923.56 116.9
12/8/2013 MICA (WET GROUND MICA) CHN JAPAN 16000 1013760 63.36
12/8/2013 RUBY MICA SCRAP KOL ESTONIA 144000 4824000 33.5
12/10/2013 MICA BLOCKS KOL RUSSIA FED. 120 712451 5937.09
12/11/2013 MICA POWDERDETL KOL IRAN 200000 1116800 5.58
12/11/2013 MICA SCRAP MUN CHINA 162700 3898175.3 24.0
12/12/2013 MINERAL POWDER MUN MYANMAR 1000 19651.14 19.65
12/12/2013 MICA FLAKE KOL U K 308760 2933798.56 9.5
12/13/2013 MICA BLOCKS KOL TAIWAN 50 8536.33 170.73
12/13/2013 MICA BLOCKS PET BANGLADESH 520 11364.58 21.85
12/16/2013 MICA FLAKES MUN OMAN 153000 1892251.2 12.4
12/17/2013 MICA POWDER KOL S. ARABIA 18000 92293 5.13
12/17/2013 MICA KOL THAILAND 17000 49464.9 2.91
12/17/2013 MICA POWDER KOL POLAND 20000 225410.3 11.27
12/17/2013 MICA SCRAPASPER KOL ROMANIA 25000 894412.5 35.78
12/22/2013 MICA BLOCK CHN BRAZIL 88000 2903600 33.0
12/25/2013 MICA ROUND MUN KENYA 70 30850.77 440.73
12/30/2013 MICA BLOCKS KOL SLOVAKIA 1000 785527.5 785.53
12/30/2013 MICA POWDER JNP PAKISTAN 2000 166155 83.08
Total 2285128.6 47129795.97 20.6
Quartz (other than natural sands)
12/1/2013 QUARTZ GRITS MUN VIETNAM 450000 3362512.5 7.5
12/1/2013 SILICON DIOXIDE (QUARTZ) VIZ MALAYSIA 1369000 11180182.88 8.2
12/1/2013 QUARTZ POWDER MUN VIETNAM 383200 2220062.66 5.8
12/1/2013 QUARTZ SILICA KAN UAE 12000 47486.68 4.0
12/3/2013 QUARTZ POWDER CHN THAILAND 264000 5410442.1 20.5
12/4/2013 QUARTZ POWDER CHN S. ARABIA 5000 14323.87 2.86
12/4/2013 QUARTZ POWDER CHN UAE 5000 14323.87 2.86
12/4/2013 QUARTZ GRITS MUN ITALY 162000 1397088 8.6
12/5/2013 QUARTZ GRITZ MUN BANGLADESH 165000 1378492.5 8.35
12/5/2013 QUARTZ GRITZ MUN IRAN 165000 1378492.5 8.35
12/8/2013 SILICA RAMMING MASS KNA S. ARABIA 1264000 7231619.6 5.7
12/10/2013 QUARTZ LUMPS CHN MALAYSIA 1754000 5852008.7 3.3
12/10/2013 QUARTZ KRI USA 1134000 3769868.8 3.3
12/10/2013 QUARTZ POWDER KOL NIGERIA 1026000 6275971.7 6.1
12/11/2013 QUARTZ SAND MUN UAE 268000 1020264.9 3.8
12/11/2013 QUARTZ POWDER MUN TANZANIA 54000 240791.4 4.46
12/11/2013 QUARTZ POWDER MUN USA 54000 240791.4 4.46
12/11/2013 QUARTZ SILICA MUN UAE 3176000 12655464.72 4.0
12/11/2013 SILICA QUARTZ POWDER MUN MALAYSIA 222000 1503716 6.8
12/12/2013 QUARTZ POWDER KOL KENYA 172000 2401890.72 14.0
12/12/2013 SILICA RAMMING MASS KOL SRI LANKA 54000 340136 6.3
12/12/2013 SILICA RAMMING MASS KOL KENYA 54000 340136 6.3
12/15/2013 QUARTZ LUMPS CHN OMAN 172800 1443918.8 8.4
12/16/2013 QUARTZ POWDER CHN ITALY 40000 605089.5 15.13
12/16/2013 QUARTZ POWDER CHN JAPAN 40000 605089.5 15.13
12/16/2013 QUARTZ POWDER (SILICA POWDER) PET BANGLADESH 800000 3099330 3.9
12/18/2013 BUFF GREY QUARTZITE MUN ITALY 46900 390735.63 8.33
12/18/2013 QUARTZITE MUN ITALY 46900 390735.63 8.33
12/20/2013 QUARTZ POWDER KNA VIETNAM 27650 180785 6.54
12/20/2013 QUARTZ POWDER KNA BANGLADESH 27650 180785 6.54
12/20/2013 QUARTZ MUN OMAN 650000 4619835.02 7.1
12/20/2013 QUARTZ POWDER - MICRON SILICA PET BANGLADESH 512000 2328032.3 4.5
12/20/2013 QUARTZ POWDER CHN KOREA 20000 364609.2 18.23
12/20/2013 QUARTZ POWER CHN KOREA 20000 364609.2 18.23
12/23/2013 ARFURANE C POWDER AHM TUNISIA 19500 1274573.02 65.36
12/23/2013 ARFURANE C POWDER AHM MAURITIUS 19500 1274573.02 65.36
12/23/2013 QUARTZ POWDER MUN INDONESIA 216000 1126256.56 5.2
12/23/2013 SILICA SAND MUN MAURITIUS 212000 1950596.92 9.2
12/25/2013 QUARTZ LUMPS CHN CHINA 1000 15675 15.68
12/25/2013 QUARTZ LUMPS CHN CHINA 1000 15675 15.68
12/29/2013 QUARTZ GRITS VIZ VIETNAM 1104000 9192575.52 8.3
12/29/2013 ARFURANE C POWDER AHM MOROCCO 29600 522155.98 17.6
12/29/2013 QUARTZ GRITS MUN OMAN 736000 3752805.64 5.1
12/29/2013 QUARTZITE GRAINS & POWDER REX NEPAL 206000 1146599.98 5.6
12/30/2013 QUARTZ GRITS CHN KOREA 376000 3232624.3 8.6
12/31/2013 QUARTZ CHN JAPAN 3994000 39992520.38 10.0
Total 21530700 146346253.6 6.8
Kaolin and other kaolinic clays
12/1/2013 KAOLIN CLAY/ CHINA CLAY POWDER /KAOLIN POWDER MUN UAE 72216000 78152774.4 1.1
12/1/2013 CALCINED KAOLIN MUN NIGERIA 80000 2134440 26.68
12/1/2013 CALCINED KAOLIN MUN GERMANY 80000 2134440 26.68
12/1/2013 KAOLIN COC NETHERLANDS 24200 313990.68 12.97
12/1/2013 KAOLIN BCK POWDER COC TURKEY 24200 313990.68 12.97
12/8/2013 CHINA CLAY MUN KUWAIT 1008000 6108379.2 6.1
12/8/2013 KAOLIN LUMPS MUN TAIWAN 300000 1384187.6 4.6
12/8/2013 BENEFITS COC CHINA 1000 31006.3 31.01
12/8/2013 CHINA CLAY COC TURKEY 1000 31006.3 31.01
12/8/2013 KAOLIN- (PROCESSED CHINA CLAY) COC PHILIPPINES 25000 654476.63 26.18
12/8/2013 KAOLIN- (PROCESSED CHINA CLAY) COC KENYA 25000 654476.63 26.18
12/9/2013 KAOLIN / CHINA CLAY KAN UAE 20000 80574.9 4.03
12/9/2013 KAOLIN / CHINA CLAY KAN KENYA 20000 80574.9 4.03
12/10/2013 KAOLIN CLAY MUN IRAN 175000 1363250 7.79
12/10/2013 KAOLIN CLAY MUN GERMANY 175000 1363250 7.79
12/10/2013 KAOLIN MUN KOREA 32000 193177.6 6.0
Date Export Items/ Products Port Code Foreign Port Qty (Kgs) Value (Rs) FOB Rate
12/11/2013 CERAMIC INDUSTRIES ( KAOLIN LUMPS) MUN IRAN 350000 2329621.5 6.7
12/13/2013 KAOLENE - CHINA CLAY PET BANGLADESH 200530 1915968.1 9.6
12/13/2013 LIGHT KAOLIN JNP MAURITIUS 238325 5618029.92 23.6
12/16/2013 KAOLINIC CLAYS PET BANGLADESH 328000 2597391.3 7.9
12/18/2013 KAOLIN MUN ANGOLA 1120000 10374896 9.3
12/23/2013 KAOLIN PAN JORDAN 40000 416328 10.41
12/23/2013 KAOLIN PAN GERMANY 40000 416328 10.41
12/23/2013 KAOLIN POWDER MUN CHINA 144000 1017978.5 7.1
12/25/2013 KAOLIN- (PROCESSED CHINA CLAY) COC OMAN 28000 347966.71 12.43
12/25/2013 KAOLIN- (PROCESSED CHINA CLAY) COC KENYA 28000 347966.71 12.43
12/25/2013 KAOLIN BCK POWDER (PROCESSED CHINA CLAY) COC TURKEY 5000 94703.12 18.94
12/25/2013 KAOLIN BCK POWDER (PROCESSED CHINA CLAY) COC GUATEMALA 5000 94703.12 18.94
12/26/2013 CHINA CLAY MUN KOREA 480000 3146449.9 6.6
12/30/2013 KAOLINIC CLAYS PET BANGLADESH 254000 1633589.8 6.4
12/30/2013 HYDROUS ALUMINIUM SILICATE COC SRI LANKA 58000 681084.44 11.7
12/30/2013 KAOLIN BCK POWDER (PROCESSED CHINA CLAY) COC GERMANY 775800 10977641.92 14.2
12/31/2013 HYDRO CHLORIDE MUM CANADA 100 522.5 5.23
12/31/2013 HYDRO CHLORIDE MUM GERMANY 100 522.5 5.23
12/31/2013 KAOLIN- (PROCESSED CHINA CLAY) MUN S. AFRICA 532000 4144676.8 7.8
12/31/2013 KAOLIN BCK POWDER (PROCESSED CHINA CLAY) COC INDONESIA 240000 4261407.1 17.8
Total 79073255 145411771.8 1.8
Clay
12/4/2013 CHINA CLAY MUN S. ARABIA 236000 1974780.2 8.4
12/4/2013 CHINA CLAY MUN UAE 23000 118389.73 5.15
12/4/2013 CHINA CLAY MUN CHINA 23000 118389.73 5.15
12/4/2013 REFINED CLAY JNP U K 2304 118332.29 51.36
12/4/2013 REFINED CLAY JNP IRAN 2304 118332.29 51.36
12/9/2013 CHINA CLAY PET BANGLADESH 156000 1609939.74 10.3
12/11/2013 FULLERS EARTH POWDER REX NEPAL 80000 364800 4.6
12/15/2013 CALCINED CHINA CLAY POWDER MUN YEMEN 17000 323025.5 19
12/15/2013 CALCINED CHINA CLAY POWDER MUN GHANA 17000 323025.5 19
12/18/2013 CLAY JNP GERMANY 600 1555.52 2.6
12/18/2013 PROCESSED CHINA CLAY COC GUINEA 16000 169736.16 10.61
12/18/2013 PROCESSED CHINA CLAY COC USA 16000 169736.16 10.61
12/23/2013 HYDROUS KAOLIN MUN KOREA 160000 1128280.3 7.1
12/27/2013 CHINA CLAY JNP SRI LANKA 228000 1398488 6.1
12/31/2013 CLAY/EARTH JNP KENYA 120000 1933244.56 16.1
Total 1097208 9870055.68 9.0
Natural Garnet
12/5/2013 GARNET VIZ JAPAN 40000 401555 10.04
12/26/2013 GARNET VIZ MALAYSIA 840000 8275260 9.9
12/16/2013 GARNET VIZ UKRAINE 54000 232702.8 4.31
12/16/2013 GARNET VIZ USA 612000 5947195 9.7
12/16/2013 GARNET VIZ CEI (BALTIC SEA) 784000 5699766.8 7.3
12/22/2013 GARNET VIZ QATAR 840000 8239483.5 9.8
12/22/2013 GARNET VIZ THAILAND 24000 292600 12.19
12/22/2013 GARNET VIZ AUSTRALIA 2122000 20792633.5 9.8
12/23/2013 GARNET VIZ ISRAEL 56000 574750 10.3
12/25/2013 GARNET VIZ UAE 4200000 34596293.8 8.2
12/26/2013 GARNET VIZ CANADA 56000 526680 9.41
12/30/2013 GARNET VIZ EGYPT 224000 2054888 9.17
Total 9852000 87633808.4 8.9
Fly Ash
12/2/2013 PROCESSED FLYASH JNP BAHARAIN 623340 1862761.36 3.0
12/6/2013 FLY ASH MUN UAE 485280 627758.21 1.29
12/15/2013 FLY ASH MUN QATAR 4872000 11865076.48 2.4
12/16/2013 SYNTHETIC ORGANIC MUM BRAZIL 2000 8192.31 4.1
12/16/2013 INSULATING POWDER LUD POLAND 25000 297878.25 11.92
12/17/2013 DRY FLY ASH MUN S. ARABIA 24132120 68803939.8 2.9
12/17/2013 FLY ASH MUN JORDAN 112000 432872.84 3.86
12/20/2013 FLY ASH PIP USA 224050 1101760.54 4.9
12/23/2013 ALUMINA AND SILICA - CERAMIC NAG KOREA 144000 8964288 62.3
12/25/2013 FLY ASH POZZOCRETE JNP EGYPT 2223480 8050149.38 3.6
12/29/2013 FLY ASH MUN BAHARAIN 2016000 5025713.96 2.5
12/30/2013 PROCESSED FLY ASH JNP OMAN 3638780 11636082.64 3.2
12/31/2013 FLY ASH VIZ MALAYSIA 22400 41841.8 1.87
12/31/2013 FLY ASH JNP THAILAND 1000 26799.39 26.8
Total 38521450 118745115 3.1
Alumina
12/3/2013 ALUMINA TRIHYDRATE (INDAL ALUMINA HYDRATE) JNP THAILAND 40000 1192429.7 29.81
12/4/2013 ALUMINIUM HYDROXIDE AMORPHOUS JNP KOREA 20000 1897280 94.86
12/6/2013 ALUMINIUM OXIDE AHM USA 400 313174 782.9
12/7/2013 ALUMINA TRIHYDRATE ALUMINIUM HYDROXIDE JNP S. ARABIA 968000 17852237 18.4
12/8/2013 ALUMINA TRIHYDRATE (INDAL ALUMINA HYDRATE) JNP URUGUAY 22000 391314 17.79
12/9/2013 ALUMINIUM HYDROXIDE AMORPHOUS MUM INDONESIA 110400 4977582 45.1
12/10/2013 ALUMINA TRIHYDRATE (INDAL ALUMINA HYDRATE) JNP PAKISTAN 511000 7687384.7 15.0
12/11/2013 CALCINED ALUMINA (INDAL CALCINED ALUMINA) JNP KOREA 160000 4739146.1 29.6
12/12/2013 CALCINED ALUMINA (INDAL CALCINED ALUMINA) JNP MEXICO 100000 3482660.8 34.83
12/13/2013 DRIED ALUMINIUM HYDROXIDE JNP GHANA 24750 2237586.79 90.4
12/26/2013 ALUMINA TRIHYDRATE (INDAL ALUMINA HYDRATE) JNP JAPAN 160000 3239363 20.2
12/15/2013 ALUMINIUM HYDROXIDE JNP GHANA 3000 371764.5 123.92
12/16/2013 CALCINED ALUMINA (INDAL CALCINED ALUMINA) JNP SRI LANKA 48000 2181733.8 45.5
12/17/2013 ALUMINA TRIHYDRATE (INDAL ALUMINA) CHN PHILIPPINES 660000 8213040 12.4
12/18/2013 ALUMINA TRIHYDRATE (ALUMINIUM HYDROXIDE) JNP MALAYSIA 2068000 26928110 13.0
12/19/2013 DRIED ALUMINIUM HYDROXIDE GEL JNP PAKISTAN 50000 4013503.34 80.3
12/20/2013 ALUMINIUM HYDROXIDE HYD IRELAND 20000 1091200 54.56
12/21/2013 DRIED ALUMINIUM HYDROXIDE GEL JNP MEXICO 45200 6035904.04 133.5
12/22/2013 ALUMINA TRIHYDRATE (ALUMINIUM HYDROXIDE) CHN TAIWAN 2156000 25881428 12.0
12/23/2013 ALUMINIUM HYDROXIDE AMORPHOUS JNP AUSTRALIA 76000 7028550 92.5
12/24/2013 ALUMINA TRIHYDRATE (INDAL ALUMINA HYDRATE) JNP OMAN 40000 790333.5 19.76
12/25/2013 ALUMINA COC SLOVAKIA 400 305196.42 763.0
12/29/2013 ALUMINA TRIHYDRATE (ALUMINIUM HYDROXIDE) CHN INDONESIA 1408000 19036325 13.5
12/30/2013 ALUMINA TRIHYDRATE (ALUMINIUM HYDROXIDE) CHN KOREA 2800000 40535952.5 14.5
12/31/2013 ALUMINA COC GERMANY 150 160201.8 1068.01
Total 11491300 190583401 16.59
Barytes
12/1/2013 MINERAL POWDER MICRON BARYTES CHN MAURITIUS 20400 604758 29.65
12/3/2013 BARITE POWDER - API CHN U K 540000 5110798 9.46
12/4/2013 BARITE ORE KRI USA 98800000 342580952 3.5
12/4/2013 BARITE POWDER CHN NETHERLANDS 7 75.46 10.78
12/8/2013 BARIUM SULPHATE BARYTES CHN SINGAPORE 588000 5618104 9.6
12/9/2013 BARYTES POWDER CHN S. ARABIA 9455000 71367413.1 7.5
12/12/2013 MINERAL POWDER MUN MYANMAR 5000 148550.26 29.71
12/13/2013 MINERAL POWDER MUN TANZANIA 4009000 32037947 8.0
12/15/2013 BARITE POWDER API CHN UAE 810000 4291624.5 5.3
12/16/2013 BARIUM SULPHATE BARYTES CHN INDONESIA 24000 476760.75 19.87
12/17/2013 BARRITE POWDER CHN KUWAIT 1890000 8693214.22 4.6
12/19/2013 MICRON BARYTE BAR SPAIN 2000 77447.3 38.72
12/21/2013 BARITE POWDER CHN BANGLADESH 400000 3961547.4 9.9
12/22/2013 BARITE POWDER CHN VENEZUELA 756000 7257305.66 9.6
12/25/2013 BARITE POWDER CHN MOZAMBIQUE 1125000 8938680.75 7.95
12/26/2013 BARITE POWDER CHN OMAN 3240000 27288976 8.4
12/26/2013 MICRON BARYTER BAR AUSTRALIA 5000 153876.26 30.78
12/30/2013 BARITE POWDER - API CHN THAILAND 5130000 42501623 8.3
12/30/2013 MINERAL POWDER MICRON BARYTE CHN SRI LANKA 27000 715250.25 26.49
12/31/2013 BARITE POWDER TON KENYA 468000 8746650 18.69
Total 127294407 570571553.9 4.5
Bauxite
12/3/2013 CALCINED BAUXITE MUN S. AFRICA 198000 2142794.5 10.82
12/9/2013 CALCINED BAUXITE MUN JAPAN 1000000 19588672 19.6
12/12/2013 CALCINED BAUXITE MUN BAHARAIN 25000 308455.65 12.34
12/26/2013 CALCINED BAUXITE JNP ITALY 383720 4890717.5 12.7
12/18/2013 BAUXITE ORE JNP KOREA 162000 1084702 6.7
12/18/2013 BAUXITE JNP GERMANY 1546 8395.22 5.4
12/18/2013 BAUXITE (GROUNDED BAUXITE) KAN S. ARABIA 400000 2778123 6.9
12/25/2013 CALCINED BAUXITE AHM UAE 22000 470249.02 21.37
12/29/2013 BAUXITE CEMENT REX NEPAL 85840 77256 0.9
12/30/2013 CALCINED BAUXITE JNP SLOVENIA 1580840 17298862.08 10.9
12/31/2013 BAUXITE POWDER MUN OMAN 2800000 16093000 5.7
Total 6658946 64741226.97 9.7

3. March 03-09, 2014 3
Karan Turakhiya, Executive Director, Eskay Eelvators, says there’s
a lot of scope for development in tier-3 cities, but it will take time for the
situation to change, in this interaction with Remona Divekar. Excerpts:
IN PERSON
The real estate sector is highly
fragmented, capital intensive, and
has close links with the economy.
How does it impact developers in
such uncertain situations?
I think today developers are much
more aware of the cyclical nature of
industry and business environment.
Thus I don’t think any major hard
hitting impact would take place, unless
it’s something like the late 1990s
recession.
A typical real estate project has a
gestation period of 3-4 years and
any adverse change in the macro-
economy can affect cash flows of
the developer. How do you cope
with such crises?
Developers today understand
business environment and market
nature. Keeping all such scenarios in
mind, developers plan their projects.
Developers usually have a fix set of
investors to support cash flow and a lot
of developers have opted for NBFCs
(non-bank financial companies) to
ease finance pressure.
Tellusaboutinvestmentopportunities
in the realty sector, considering the
current market condition and the
projected growth for tier-2 and -3
cities.
In tier-3 cities, the potential is high;
however, opportunities are slow. The
metros and tier-2 cities see a good
growth with great opportunities. Delay
in approvals and licensing is becoming
an economic burden. The investment
flow as against opportunities in the
Indian realty sector as of now is slow
as the investor mood is not fine.
‘The need is to work towards
world-class infrastructure’
Despite adverse conditions,
property prices in most cities
have been holding ground for a
long time now. What impact would
it have on property development
in metros as well as tier-2 and -3
cities?
There has been a rise in price and
that’s only because cost in general
has increased. Another reason would
be delay in approvals and licensing. It
takes a lot of time for these formalities
to get sanctioned, which in turn leads
to increase in overall costing which
thus leads to high prices. The property
development in metros as well as
tier-2 and -3 cities might see a general
slowdown, depending upon regional
conditions.
What measures are developers
taking to curb adverse crises such
as falling exports, sagging GDP
and depreciating rupee? Is FDI a
feasible bet making the sector more
organized?
We as developers are getting
used to the business scenario, thus
becoming more organized. Costs of
business and corruption have gone
extremely high, which restricts the
feasibility of a project.
Thus, to facilitate proper
development and accomplishment
of our projects costs estimated end
up being inflated. As far as FDI is
concerned, I don’t think it’s a good bet
as easing FDI towards real estate does
not guarantee inflow of funds.
There’s a lot of scope of development
in tier-3 cities, but it will take time for
the situations to change.
Give us more details on your projects
developed and those in stages
of completion in the commercial,
residential sector. In all how much
area are you developing?
There is nothing under development
as of now. We have finished an
industrial project of approximately
1,00,000 sq ft on the outskirts of
Mumbai. We intend to start a new
project ITUS in Andheri west. ITUS is
a redevelopment project in an area of
1,20,000 sq ft.
In the residential and commercial
segment what is the total area of
development in the completed
projects so far?
The total area developed by us is
close to 7,00,000 sq feet. The total area
in planning and developing stages is
close to 3,00,000 sq feet.
As a prime developer what is your
take on the slow rate of approvals,
recent regulatory changes in key
micro market – Mumbai, inflation
impacting cost structure, declining
demand due to increasing prices?
Major concern would be the
government approvals. If approvals
are not given easily and regulations
are not developed to support business
environment, we developers would not
be able to deliver our best.
Today, housing has become a
necessity. The government needs to
start thinking and planning in a 360
degree view. Delay in formalities leads
to increase in interest that has to be
paid, thus prices tend to go extremely
high.
The Ministry of Housing & Urban
Poverty Alleviation plans to ease
norms for FDI in real estate up to
100 per cent under the automatic
route in townships, housing, built-
up infrastructure and construction
development projects. Is it a boon
or bane?
Easing of FDI norms could be a
boon only if the approvals of projects
get smooth and fast without which
the effect of the ease in norms cannot
be felt in the market. So long as
the project approvals move fast the
market would be in a much better state
irrespective of FDI norms.
What is your view on the real estate
regulation and development bill
which has been passed recently?
The real estate regulation bill, if
addresses the right issues and plugs
policy gaps, can have a positive
impact. The bill aims to clean up the
system and this is a must to improve
business environment and have
corrective effect.
Will larger established and well-
capitalized companies be in a
better position to manage risks as
compared to smaller players?
Yes. I think larger established
companies would be in a better
position to manage risks as they
usually have access to banks and
NBFCs and have a bigger play area
and thus are able to manage risks
better.

4. March 03-09, 2014 4INFRASTRUCTURE
Obstacles in Asia-Pacific region
Australia must confront
the large gap between
government funds and
costly infrastructure
needs. Indonesia wants
to finance as much
as $250 billion in new
roads, ports, railways,
etc over the next five
years
(Part 4)
Like most developed countries,
Australia is coping with the costs
and inevitable political hurdles
inherent in enhancing and reworking
its aging infrastructure, which is
straining to meet expanding 21st-
century industrial and demographic
demands.
Unremitting traffic snarls in major
cities like Sydney, Melbourne, and
Brisbane and various port bottlenecks
threaten to sap productivity, and
inadequate transit systems add to the
strain. Ensuring water for a growing
population in a notoriously water-
scarce continent raises increasing
challenges. In addressing climate
change concerns, the government
appears determined to push utilities
away from reliance on coal-based
power plants to cleaner fuels,
primarily natural gas.
Funds and infra needs
Even with the past 20 years of
strong economic gains and low
unemployment, supported by an
export-oriented mining boom, the
country must confront the large gap
between available government funds
and costly infrastructure needs.
A recent slowdown, linked
to weaker growth in China, may
make government spending on
infrastructure more difficult—
especially at the state level, where
Queensland and New South Wales in
particular suffer from large deficits.
National priority
Toitscredit,thefederalgovernment
has taken the initiative over the past
half-decade to prioritize needs
through the Infrastructure Australia
authority, fund a $37 billion ($A36
billion) national building plan, and
marshal private financing through the
Infrastructure Partnerships Australia
programme.
As a result of this national
commitment and a history of
innovation in project finance,
interviewees say that “Australia
is one of the best countries for
undertaking PPPs,” having fashioned
an “ac-cepted model” and attained
“a comfort level” in working between
the public and private sectors.
Since 2007, federal infrastructure
spending per capita has increased
from $145 (A$141) to $277 (A$269),
and the country’s privately managed
superannuation (pension) funds
have allocated between 5 and 10 per
cent of total assets into infrastructure
investments—well above the levels
of pension plan sponsors in other
countries, which range from under 2
per cent in the Eurozone to below 1
per cent in the United States.
Biggest challenges
However, these investments have
not targeted domestic infrastructure.
Unlocking this funding pool
remains one of Australia’s biggest
challenges—and opportunities.
Infrastructure Australia also has
identified $206 billion (A$200 billion)
in government assets—ports,
airports, rail terminals, and power
and water utilities—that can be
privatized to help fund infrastructure
shortfalls, reduce debt, and improve
operational productivity.
So far, 124 projects, totaling more
than $62 billion (A$60 billion), have
been contracted through PPPs. For
example, a recent decision to lease
two ports—Botany and Kembla—to
private operators should improve
efficiency in moving container
shipments through the facilities.
Over the near term, high-priority
national transport initiatives focus
on augmenting connectivity between
major cities and ports, concentrating
freight on railways, relieving
intracity congestion, and reducing
greenhouse gas emissions.
High-profile projects include:
Highways. Dual-carriage highways
linking Brisbane, Sydney and
Melbourne are being built.
Rail improvements. Investments
include rebuilding and modernizing
a third of the national freight-rail
network to help reduce truck traffic,
and constructing an under-ground rail
line through Brisbane. The country’s
longest and deepest rail tunnels are
being bored near Sydney.
Investments in Melbourne. Intra-
city road chokepoints are being
addressed in Melbourne, and the
city’s metro capacity is also being
increased.
Sydney airport. Planning for a
second airport to handle expected
increases in jet traffic into Sydney’s
global gateway is continuing.
expensive light rail or subways (which
cost about $50 million per km).
An attempt to build a monorail
system was aborted five years ago,
leaving rusting base supports in its
wake. Since 2004, the city has built
11 bus rapid transit lines, which now
move 350,000 riders daily—still a
small fraction of the 20 million who
live in its environs.
The country wants to finance as
much as $250 billion in new roads,
ports, railways, and power plants
over the next five years, and the
central government plans to increase
infrastructure spending by as much
as 15 per cent in 2013.
Opportunities, meanwhile, have
been attracting PPP investors from
Japan, India, South Korea, and the
United States, looking at power,
water, and rail projects.
Philippines, South Korea
A regulatory framework is
taking shape in the Philippines to
infrastructure, including a sports/
entertainment development that
comprises a stadium and arena.
Momentum behind infrastructure
funding has dissipated in most
European countries—at least for the
time being—as the region copes with
severe government debt problems
by slashing budgets and postponing
many infrastructure projects.
The EU is continuing to fund its
programme aimed at connecting
member states through freight-
rail, high-speed passenger rail,
motorway, canal, and port terminal
projects. Unlike the United States and
most Asian nations, the EU stipulates
that transport initiatives address
energy efficiency and climate change
despite potentially higher costs.
High priorities
Renewable energy and broadband
communications capability also
remain high priorities. But it may be
difficult to deliver on upfront financing
to meet the $1.9 trillion (¤1.5 trillion)
investment goals through 2020.
As a barometer of current activity,
‘the size of the market has really
shrunk’ for concessions and PPP
deals, says an interviewee. It maybe
50 per cent of what it was. Players
hope that ‘austerity runs its course
and government balance sheets
are addressed, but people need to
Patrick Phillips
CEO, Urban Land
Institute,Washington
Howard Roth
Global Real Estate
Leader, Ernst & Young
Indonesia
Indonesia’s burgeoning middle-
class and expanding economy—now
Southeast Asia’s largest—lead the
government to address obvious
infrastructure shortcomings to
sustain growth.
Clogged roads and bottlenecks
plague Jakarta’s roadways. Like
other local governments in emerging
markets, Jakarta relies on less-
capital-intensive bus rapid transit
solutions (which cost about $4
million per km to build) to help
relieve congestion as alternatives to
finance badly needed infrastructure
improvements through PPP structures
that can attract offshore partners.
B a n k r o l l e d b y d o m e s t i c
institutions, companies in South
Korea are exporting their skill sets
‘in road building, power, and civil
engineering’ to regional neighbours.
Singapore boasts some of the
world’s most advanced ports and
airport facilities.
The government has adopted the
classic British PPP structure for long-
term management agree-ments on
hospitals, schools, and other social
get back to work’ for con-ditions to
generate enough tax revenues to
support infrastructure spending.
(Continued in next issue)
(Courtesy: Ernst & Young)
Jakarta, Indonesia
Melbourne, Australia

5. March 03-09, 2014 5
Logistics safety and traffic-related
incidents are the main cause of on-
site and off-site fatalities in the cement
industry. The impact of road safety on
business and society is expected to
further increase in future.
LOGISTICS
Implementing good
practices focused on
people, vehicles and
processes can avert
traffic- related incidents
in the cement industry
competence through defensive
driver training.
The initiatives also included
upgrading amenities for truck
drivers at plants, risk-based journey
management with route hazard
analysis, and multiplication of best
practices by improving networking
and knowledge sharing as a platform
for successful implementation of
good practices.
Major objectives
The major aims of our logistics
safety programme are to:
Reduce vehicle and traffic
The Logistics Safety Programme
Address critical issues like
journey risk mapping and driver
fatigue to control accidents. The
logistics safety programme was
deemed necessary in view of several
factors such as:
Driving skills
Very large outbound cement
despatches of around 40,000 mt
daily (over 2,500 trucks per day) as
well as high inbound movement of
raw materials like fly ash, slag and
coal by trucks which increases the
risk of vehicle- and traffic-related
accidents.
and encouraging them to take
ownership of the driver and vehicle
certification by issuing ‘Driver
Passports’ (to drivers assessed as
competent to drive on company’s
business) and ‘Vehicle Passports’ (to
vehicles which have been inspected
and found fit to be driven on
company’s business). Over 11,000
drivers and vehicle passports each
have been issued by our transporters
in 2013.
Quality of manpower
Intensive transporter engagement
was undertaken to sensitize them to
improve the condition of vehicles
and quality and skills of manpower
(drivers). A 30 point vehicle inspection
checklist has been introduced for daily
inspection of trucks and a defensive
driving training drive launched across
the plants covering over 6,000 drivers
in 2013.
Also, around 2,500 drivers were
administered a health check at our
plants in 2013. Both these activities
are continuing on a regular basis.
Traffic mapping
Traffic flow mapping was carried
out in all plants to map the ‘As Is’
and ‘Should Be’ movement of each
type of vehicle inside the plant and
the route was made unidirectional,
to the extent possible.
Positive barricading has been
done to segregate pedestrian and
The ACC is committed to
eliminating logistics safety-related
injuries and fatalities. We believe that
this can be achieved by implementing
good practices focused on people,
vehicles and processes.
With this mission, the ACC
embarked on its logistics safety
journey in early 2012, as one of the
key pillars of our Institutionalizing
Excellence programme.
Safety initiatives
It launched several initiatives to
improve safety relating to people,
vehicles and processes, such as
improving on-site traffic management
and on-site layout to physically
segregate pedestrian and vehicular
traffic.
Also, implementation of on-
site mandatory steps, screening
of drivers to ensure they are fit
to drive vehicles on company’s
business, screening of vehicles for
roadworthiness to ensure they are
safe to be driven, improving drivers’
related accidents, fatalities and
injuries through sustainable
improvement of processes (for
example, unidirectional traffic flow
and segregation of pedestrian and
vehicle traffic inside a plant).
Improve vehicle and driver
fitness, and getting drivers to change
their behaviour and improve their
driving skills.
Effective use of technology like
RFID (Radio Frequency Identification
Device) to control the number of
vehicles moving in plant premises
at any point of time and GPS to
track vehicle movement against
various parameters from ‘Gate Out’
to ‘Gate In.’
(The RFID technology has been
installed in three of our plants over
the past one year, and other plants
are also being covered in a phased
manner, and the dedicated vehicle
fleet of our transporters is also being
made GPS enabled in a phased
manner.)
A very high driver population
which requires constant defensive
driving training skills.
Existing plant layouts, especially
in plants which are comparatively
old and have undergone expansion
of capacity, necessitating a greater
focus on aspects like segregation
of pedestrian and vehicle traffic,
achieving unidirectional flow of traffic,
and eliminating/reducing reversing
of vehicles inside the plants and
parking yards.
The logistics safety programme
was launched across all plants
through two sets of ‘mandatory steps’
(phase 1 comprising 8 steps; phase
2 of 16 steps). The steps were based
on a ‘systems’ approach focussing
on people, vehicles and processes.
The basic objective was to achieve
‘quick wins’ in a short spell of time to
motivate the teams to further improve
safety standards.
Some major steps taken included
engaging our transport contractors
vehicular traffic inside all plants.
Mandatory use of PPE by truck drivers
and stopping use of mobiles inside
the plant is yet another initiative. Also,
rear view cameras have been installed
Rajesh Seth at ACC Thondebhavi Cement Works, Karnataka
Verification of vehicle passport- ACC Thondebhavi
State-of- the-art new truck parking yard at ACC’s Chanda works
in all vehicles with obstructed view
like dumpers, and hydras operating
inside the plant.
Development of truck parking
yards with driver facilities like rest
rooms, canteen, toilet facilities, and
clean drinking water and maintenance
facilities is yet another initiative taken
to address the issue of driver fatigue.
A model state-of-the-art parking yard
with concrete surfacing has also been
developed at one of the plants in
central India.
MoU with transporters
A b o v e a l l , w e h a v e a l s o
launched a drive to enter into an
MoU with our transporters covering
the areas of driver management,
vehicle management and journey
management. Various other initiatives
taken include a seat belt awareness
drive and imparting training to truck
drivers on a truck simulator. And
around 600 drivers have already been
trained so far on simulator.
We do realize that our logistics
safety journey has just begun, and
we still have considerable ground to
cover. We are, however, confident that
in the months ahead we will continue
to sustain the pace of hard work to
achieve our goal.
Rajesh Seth
Vice President, Central Logistics Safety &
Traffic, the ACC Ltd

6. March 03-09, 2014 6PROJECTS UPDATE
Maha govt mulls to link
Pune IT hubs by light rail
Centre explores funding options
for Delhi-Jaipur e’way
Maha govt clears
25 new mega projects
worth Rs 9k-cr
A month after the PMO asked the
Road Transport & Highways (RTH)
Ministry to move a Cabinet note for
Delhi-Jaipur Expressway, the ministry
is exploring options like real estate
development along the stretch to
finance it, as land cost alone has
trebled on the back of a new law.
The cost of Rs 11,750 crore
project which included provision for
land acquisition is likely to shoot up
by at least Rs 30,000 crore as the
land cost has trebled after the new
land acquisition law coming into
force last month, said a senior Road
Ministry official.
“The National Highways Authority
of India (NHAI) has informed us
that the cost of land alone for 272
km expressway would be about Rs
18,000 crore from the estimated Rs
6,000 crore,” said the official.
The development comes barely
a month after the Prime Minister’s
Office asked the RTH Ministry to
move a Cabinet note for the project,
saying it would be the first such
highway to be built by the Central
government.
“The Delhi-Jaipur Expressway is
one of the announcements of the
Prime Minister in November 2013
which has been taken up as a priority
project of the government. As on
date, there is no expressway built
by Central
government and Delhi-Jaipur
Expressway would be the first,” said
a PMO statement.
The official said the ministry
is exploring ways for financing
the project which may include
development of real estate along
the stretch or building it around the
existing highway.
The ministry has sought advice
on possible financing modes from
stakeholder states -- Delhi, Rajasthan
The Maharashtra government
has 25 new mega projects with
an investment of Rs 9,725 crore
for 2013-2014. “A provision of Rs
2,500 crore has been proposed
for the implementation of the
industrial incentives scheme,” said
Ajit Pawar, Deputy CM (Finance),
while presenting the state’s interim
budget.
Besides, 2,964 hectares of
land has been acquired for the Rs
2,581-crore Mihan (Multi-model
International Passenger & Cargo
Hub Airport at Nagpur) project
and the state has given Rs 478.89
crore to MADC (Maharashtra Airport
Development Company) for land
acquisition.
“IT companies such as TCS,
Infosys, Tech Mahindra and Wipro
and Haryana, before proceeding on
the project, the official added.
An expressway is a controlled-
access highway designed exclusively
for high-speed traffic.
The Road Ministry has estimated
the project cost for the Delhi-Jaipur
Expressway at Rs 11,750 crore,
including land acquisition and pre-
construction activities.
RTH Minister Oscar Fernandes
had earlier said that unless a major
portion of the land is handed over
in the construction of the proposed
Delhi-Jaipur expressway, financial
institutions could shy away from
funding the project.
“Delhi-Jaipur Expressway, the
work on this project is on, but unless
60 per cent of the land is not handed
over, the work cannot start because
the financial institution will not lend
money,” he had said.
The starting point in Delhi for the
expressway, in all probability, would
be the Indira Gandhi International
Airport.
The Ministry of Road Transport
& Highways, in 2006-07, planned
to construct 10 expressways but
progress could be made only in
two, namely Delhi-Jaipur and Delhi-
Chandigarh.
The government had accorded
approval for building 1,000 km
of expressways in the country in
October 2011.
It will build seven expressways
under the National Highways
Development Project VI.
The remaining five projects
include 400 km Vadodara-Mumbai,
66 km Delhi-Meerut, Delhi-Agra, 277
km Bengaluru-Chennai and 334 km
Kolkata-Dhanbad.
have started construction at Mihan.
Cipla pharmaceutical company has
completed construction and is about
to start commercial production...an
outlay of Rs 250 crore is provided for
land acquisition and rehabilitation,”
said Pawar.
Pawar said Metro railway project
proposals for Pune and Nagpur
have been sent to the Central
government for approval. For Pune,
the Mahanagar Metro Rail Project
has Pimpri-Chinchvad to Swargate
as Route-1 and Vanaz to Ramwadi
as Route-2 in the first phase.
The expected costs of these
routes are Rs 6,960 crore and Rs
3,223 crore, respectively. In addition,
a 15 km extension from Pimpri to
Nigdi and Swargate to Katraj has
also been approved in-principle.
India will conduct a dry run study
next month for multi-nation and
multi-modal transport corridor, a
move aimed at reducing cargo
transportation time and transactions
cost between India, Central Asia and
Russia.
The International North-South
Transport Corridor (lNSTC) is a multi-
modal network which would connect
India to Central Asia through Iran.
The announcement figured in the
meeting of the 3rd India-Azerbaijan
Inter Governmental Commission.
“The Indian Side informed the
Commission that India is conducting
a dry run study in March on the route
of Nhava
S h e v a ( M u m b a i ) - B a n d a r
Abbas(Iran)-Tehran-Bandar Anzali
(Iran)-Astrakhan (Russia) through
Federation of Freight Forwarders of
India (FFFAI), an Indian organization,”
an official statement said.
The multi-modal transport corridor
will pass through Astara in Azerbaijain.
A dry run or a practice run is a testing
process where the consequences
of a possible malfunction are
intentionally mitigated. “Completion
of the corridor will lead to mutually
beneficial connectivity between
the two regions,” the statement
said quoting Minister of State
for Commerce & Industry E M S
Natchiappan.
India to conduct
dry run on multi-nation
transport corridor
The Maharashtra government is
planning to connect the prominent IT
hubs of Hinjewadi and Talawade near
Pune by a light rail system, said Chief
Minister Prithviraj Chavan.
“We have sanctioned two corridors
for the Metro in Pune, but since Metro
is not feasible here, we are looking at a
light rail,” he said, adding that primary
discussions for the project were
underway. The light rail will connect
Hinjewadi with Talawade, as the city
becomes attractive for industries like
auto, engineering and IT, he added.
Chavan, who was speaking at the
launch of a new campus of French IT
major Capgemini at Talawade, said
that the state received 37 per cent
of the total FDI coming to India, and
Nagpur, Aurangabad and Nashik were
the upcoming industry destinations.
“The multimodal international cargo
hub and airport (Mihan) is coming up
at Nagpur. TCS has come, Infosys is
doing a ground-breaking there in the
next few days, and Boeing is now at
take-off stage,” he said referring to
the MRO facility Boeing is setting up.
There were huge investments
happening at the National Investment
& Manufacturing Zones (Nimz) in
Shendra-Bidkin region of Aurangabad
with Japanese funding, while the
Delhi Mumbai Industrial Corridor also
passes through this belt.
“We are focusing on developing
infrastructure in Mumbai and have
built a new airport terminal. A third
underground Metro is coming up
between Colaba and Santracruz,”
said Chavan, adding that he wanted
to develop one city airport in each
of the state’s 33 districts, and land
acquisition was underway at Chakan
for a dedicated freight corridor.
FORM IV
The following statement about ownership and other particulars relating
to Construction Industry Review is published as required under Section 19 D
sub-section (b) of the Press and Registration of Book Act of 1867 as modified
in 1958.
1. Place of Publication : Mumbai
2. Periodicity of its Publication : Weekly
3. Editor, Publisher &
Printer’s Name : Bina Verma
4. Nationality : Indian
5. Address (Corporate office) : Feltham House, 1st Floor
10, J. N. Heredia Marg,
Ballard Estate, Mumbai - 400 001.
6. Name & addresses of The owner is a Private Limited
individuals who own the Company called Asian Industry
newspaper and partners or & Information Services Private
shareholders holding more Limited having office at
than one per cent of the 1st Floor, Feltham House,
total capital. 10, J.N. Heredia Marg,
Ballard Estate, Mumbai - 400 001.
Shareholder of the Company : Binani Metals Limited
Address : 37/2 Chinar Park, New Town,
Rajarhat Main Road, P.O. Hatiara,
North 24 Parganas,
Kolkata - 700157.
I, Bina Verma, hereby declare that the particulars given above are true to
the best of my knowledge and belief.
For Asian Industry & Information Services Private Limited
Sd/-
Date : 1st March 2014 Bina Verma
Place : Mumbai Editor

7. March 03-09, 2014 7IN PERSON
scaffolding & form work - ad -10 02 14 .indd 2 2/10/2014 9:37:00 PM
Pune-based Fine Equipment is a
well-known name in the field of selling
demolitionandconstructionequipment.
It is also one of the India’s largest
selling hydraulic rock breakers and has
established itself in other demolition
and construction equipment. The
company specializes in rock breakers,
quick coupler, light construction
machines, excavator attachment
crushers, crushing & screening plant,
grapple series, piping kit and other
attachments. It provides all solutions
related to excavator attachment and
construction equipment at one place.
It has carved a niche for itself as the
highest value for money in the rock
breaker and attachments market.
Fine products are designed
and manufactured using advanced
technologies. It has one of the largest
installation base of rock-breakers
in India and growing worldwide.
The advanced features and modern
technology used in the products give
a unique identity.
How would you estimate the
demolition and construction
equipment market in the country?
The demolition market is still
in the nascent stages. We are still
constructing and have a lot to build.
How successful have you been in
bridging the gap between high-price
maintenance cost products and low-
price service products?
We have been able to do that quite
successfully. We are trying very hard to
provide good quality and reasonable
pricing coupled with excellent after-
sales service support.
Inthesetimesofeconomicslowdown
and intensifying inflation, how do
you manage to offer products at
moderate cost?
We are currently absorbing the
costs with a hope that the things will
change. It is all a matter of time.
What efforts have gone into making
the company a name to reckon
with in the construction equipment
industry?
We have consistently tried to
improvise on the product features
and quality. We have worked hard
in training the manpower and kept
customer as our main focus.
How did you acquire the top position
in selling hydraulic rock breakers?
It is a combination of many things
but mainly the manpower. Right pricing
for the product and after -sales support
are the key factors. Fotunately, right
time of entry into the market also
helped us
What kind of choices and needs
do you provide for clients as well
as contractors when it comes to
choosing equipment?
We offer various models in similar
category. Customers can choose
higher output or power models with
some additional cost. Customers can
also choose for service contracts at a
very reasonable cost.
What are some of the features of
advanced technology employed in
design and manufacture that make
your products matchless?
Although there are many, the
most important is the fact that the
products are tested, modified and
improvised according to the Indian
market conditions and usage.
We use Hardox plates, Extra
strengthening plates, Blank firing
protection etc .which are a must in
Indian conditions.
Tell us about the installation base of
rock breakers in India?
Approximately 3,000+units
How has your dealer network
reinforcedthepromotionofcompany
products in far-off regions of the
country?
The dealers are equipped with
complete 3S facilities. They are trained
by us continuously and are surely
helping in product promotion.
Would you like to share the up-
to-date list of your equipment
products?
Rock breaker, quick coupler,
grapple, crusher, plate compactor,
concrete cutter, tamping rammer,
power trowel, vibratory screed and
other light construction equipment.
Which are some of the projects
where the company equipment has
been implemented?
The Panvel-Ratnagiri pipeline
project by Punj Lloyd, part of Nashik-
Mumbai highway done by Sadbhjav
Engineering, grade separator in Nigdi
(Pune) done by J Kumar, and many
more...
What is the variety of specialized
attachments and components you
provide with demolition?
Rock breaker, quick coupler,
grapple series, crusher.
When it comes to demolition and
construction of bigger buildings
or projects, how capable is your
equipment to handle the task?
They are absolutely capable of
handling any kind or size of tasks.
What are the many steps one
needs to take before demolition can
actually begin?
Study of rock strata, study of
disposal of material, study of safety
“We are absolutely capable of
handling any kind or size of tasks,”
states Neeraj Gaur, Managing
Director, Fine Equipment (India)
Pvt Ltd in this interview with Dilip
Phansalkar
What do you know about a new
method of demolition using
computer-controlled hydraulic
jacks?
It has some specific usage and may
be good in specific applications.
Demolitions can be disastrous. What
are the greatest dangers you have
faced?
None till now. Thank God for that!
What do you have to say about
‘Green’ approach – deconstruction
instead of demolition?
It all depends on the project or the
need. It is always better to approach
the Green way.
of material, buildings and life, size of
job, duration of job, kind of demolition
(primary, secondary, building, etc.)
Screen Crusher
Fine Grapple
Jaw Crusher
‘Demolition market is still
in nascent stage’

8. March 03-09, 2014 8INFRASTRUCTURE
Cabinet nod to convert
7,200 km state roads to highways
Centre invites Nordic, Central
European companies
Plastic waste, fly ash for building
roads in Rajasthan
NH8-RTR flyover stretch
to be widened
Railways to earn `5,000 cr
by monetizing land
Inviting companies from Nordic
and Central Europe to invest in the
infrastructure sector in India, Dr E
M Sudarsana Natchiappan, Minister
of State for Commerce & Industry,
Government of India, stated that
conducive policy measures had now
been put in place to promote the
growth of this sector.
The minister was addressing a
conference on promoting economic
engagement between India and
Central /Nordic Region of Europe
organized by the Confederation of
Indian Industry (CII) in New Delhi.
In his address, the Minister stated
that the new industrial corridors and
the National Manufacturing Zones
(NMZs) that were being implemented
in the country also provided a whole
host of opportunities for businesses
In an innovative way to save
environment, the Rajasthan Public
from these regions of Europe to invest.
According to Natchiappan, the
government was also seeking to
improve facilities at the various ports in
India to improve access to the country.
Another area of opportunity which the
minister highlighted was agriculture
and allied sectors.
Deep Kapuria, Chairman, CII
Regional Committee on Central
Europe and Chairman, Hi-Tech Group,
observed that the growth in bilateral
trade between India and Central
Europe has been robust despite
global economic slowdown. He felt
that there was enormous potential for
collaboration in areas such as capital
goods, ICT, green technologies,
among others.
Chandrasekhar Kakal, Chairman,
CII Regional Committee on Nordics
Works Department (PWD) Minister
Yunus Khan has approved a project
The closing down of the Gurgaon
toll plaza has led to massive traffic
congestion on Outer Ring Road for
which the public works department
and traffic police have decided to
take immediate remedial measures.
Residents on the stretch between
NH-8 and Rao Tula Ram flyover will
have to contend with a narrower
service lane for at least the next few
months till a long term plan is put
in place.
After a detailed inspection of the
stretch, PWD has decided to expand
the road between NH-8 and the RTR
flyover. Dinesh Kumar, engineer-
in-chief, said, “There has been a
sudden increase in traffic due to
closure of the toll plaza. We have
identified the problem points and will
be undertaking road widening along
these stretches. Road widening will
also be carried out in NH8 and on the
During the next financial year, the
Indian Railways plans to generate
about Rs 5,000 crore by monetizing
its land reserves. The initiative, led by
the Rail Land Development Authority
(RLDA), involves five projects across
the country.
So far this financial year, RLDA
has generated Rs 937 crore by way
of public-private partnerships. It
expects to garner Rs 1,000 crore
by the end of 2013-14. For RLDA,
a residential project in Sarai Rohilla
was one of the first big-ticket projects
to take off this year.
The project could fetch the railways
as much as Rs 1,650 crore. Here,
of the 15.27 hectares, Parsvnath
Developers will build residential and
shopping complexes, etc, on about
11 hectares. For the remaining land,
the developer will build 750 quarters
for the railways. For the 11-acre
project, Callison LLC of the US is
the architect, while Red Fort Capital
is the foreign investor.
Parsvnath will lease the land
for 99 years. Other residential
and commercial projects also are
expected to come up in Ashok
Vihar (Delhi), Kurla and Mahalaxmi
(Mumbai), Nirala Nagar (Kanpur),
Aishbagh (Lucknow), etc.
and Senior Vice President & Executive
Council Member, Infosys Ltd, stated
that bilateral trade between India and
the Nordic region, which currently
stood at $6.3 billion, was below
potential. He stated that sectors
such as steel, pulp and paper, auto
components, pharmaceuticals, IT
& ITES, biomass, trade and tourism
among others held enormous potential
for growth.
Speaking at the session on
Enhancing Economic Relations
between India and Central Europe
and Nordic Region, Maurizio Cillini,
Head of Trade and Economic Affairs,
Delegation of EU to India, highlighted
the importance of India-EU FTA.
He said that the FTA would provide
market access to around 500 million
people of Europe.
to build roads by using plastic waste
and fly ash in Jaipur and Dausa
districts.
A total of 24 roads -- 19 in Jaipur
and 5 in Dausa -- would be built using
plastic waste and fly ash under the
project approved by the minister. Of
the 74 km-long road, plastic waste
would be used in the construction
of 62 km.
Fly ash would be used in the
foundation of roads, Khan said. The
minister said the use of plastic waste
and fly ash is an innovation in road
construction to help save environment
from pollution and bring down cost
as the expenses on tar and other
conventional materials would be
brought down by 10 per cent.
stretch from NH-8 towards Dhaula
Kuan to ease traffic pressure.”
Calling them short-term measures,
Kumar said the widening of the road
between NH-8 and the RTR flyover
in front of the Research & Referral
Hospital, would start in the next two
weeks. “We will try not to affect the
service lane on one side of the road.
It will have to be narrowed down but
will not be removed completely. Our
focus will be on the other side of
the road where a service lane does
not exist. Simultaneously, some
improvements will also be carried
out on NH-8,” he said.
For the time being, the RTR
flyover will not be touched. PWD is
in the stage of appointing a project
consultant for it only after which
construction work on it will start. The
tender for road widening work, will be
issued and work will start shortly.
“Even if we manage to award two
or three projects this year, we will get
about Rs 5,000-6,000 crore. These
are big projects and tenders for the
project in Ashok Vihar, Delhi, and
Bandra east, Mumbai, will be floated
by next month,” said Y P Singh, Vice
Chairman, RLDA.
The structure of each project
will be based on the location and
feasibility. All of these will be public-
private partnerships, with the railways
leasing the land to earn revenue. “We
can explore the option of revenue-
sharing, but it depends on the kind
of project it is,” said Singh.
Aniruddh Wahal, Managing
Director, Occupier Services, said,
“Railways should have considered
engaging as a joint developer, but
given the structure of the government,
it doesn’t have the sophistication to
engage as an active partner.
“The model has various long-term
impacts. Though Indian Railways
leases land for 99 years, once the
land is sold to many people, as is
the case in residential complexes, it
becomes difficult to get it back. From
a monetary perspective, it’s a good
deal but you lose effective ownership,
which could be a challenge in the
future.”
Days before the Lok Sabha poll
dates are to be announced, the
government is likely to notify the
revised regional plan for NCR (2021)
which allows tourism activities in
ecologically sensitive zones and
permits constructions in these areas
beyond the current 0.5 per cent cap
— moves that environmentalists
claim will be disastrous for green
belts such as the Aravalis.
Urban Development Minister
Kamal Nath, who chairs the NCR
Planning Board (NCRPB), has
approved minutes of the last board
meeting in which it was decided
to allow tourism activities in nature
conservation zones (NCZ) and
construction beyond current limit,
albeit with the permission of the
Union environment ministry.
Construction cap
in NCR green zones
to be eased
The Centre has decided to convert
7,200 km of states roads into national
highways for which the Cabinet
Committee on Economic Affairs
(CCEA) has given its nod. With this
the total length of state highways
converted into national highways
during the UPA regime would reach
about 17,000 km. About 10,000 km
of state highways were declared
national highways in the past 10
years.
These roads are spread across
states including Andhra Pradesh,
Madhya Pradesh, Bihar and Uttar
Pradesh, besides bordering areas
like Leh and Ladakh regions. The
present length of national highways
is about 80,000 km.
As per the sources there would be
sufficientfundstotakeupimprovement
on new national highways. Keeping in
view the estimated allocations likely
to be made available for development
of non-NHDP national highways
based on the previous years’ trends,
it is anticipated that there would be
adequate funds available for taking
up improvement works on these
national highways.
T h e N a t i o n a l H i g h w a y s
Development Project (NHDP) is the
flagship road building programme
of the Ministry of Road Transport
& Highways, currently running into
seven phases. It added that there
would also be adequate funds
available for taking up improvement
of the remaining existing NH network
of 21,271 km, not covered under any
programme so far.
The statement said expansion
of the NH network is a continuous
process and declaration of a new
NH is taken up from time to time,
depending upon requirement of
connectivity, inter-se priority and
availability of funds.

9. March 03-09, 2014 9
P Ravishankar, CEO (left) and Dr V Sumantran, Chairman,
Ashok Leyland John Deere Construction Equipment Co at
the launch of new 435E BHL in Chennai
EQUIPMENT
VDMA construction equipment &
machinery industry optimistic for 2014
Compared to the previous year,
turnover in the German construction
equipment and building material
machinery industry declined
slightly in 2013 by 6 per cent to the
current figure of 11.7 billion euro.
Nevertheless, the industry is entering
2014 in an optimistic mood. Incoming
orders for construction equipment
are currently up by 7 per cent.
“We can look back on a satisfactory
business year overall; given all the
heterogeneity of our sector”, said
Johann Sailer, Chairman of the
VDMA’s Construction Equipment
& Building Material Machinery
Association, commenting on the
result of the economic survey
at his association’s executive
board meeting in mid-February in
Frankfurt.
Despite a continual improvement
in the course of the year, at the end of
the day the construction equipment
picture for construction equipment
manufacturers, with the exception
of civil and structural engineering
machines.
In Europe, France and Switzerland
as well as Scandinavia impressed.
Business in the Middle East and
North America continued to develop
well. The Bric nations, and also the
hope-bearing markets such as South
Africa or Indonesia, generated too
few impulses.
In 2014 the manufacturers expect
an improvement here. The same
applies for the European market,
where in Southern Europe the
economic recession is now expected
to have finally bottomed out. The
indications for 2014 are generally of
an upward trend.
Exchange rates impact
As far as the building materials
m a c h i n e m a n u f a c t u r e r s a r e
concerned, it is Russia, the Middle
Ashok Leyland John Deere
Construction Equipment Company
Pvt Ltd, a joint venture between
Ashok Leyland and John Deere,
unveiled the 435E Backhoe Loader
(BHL) in Chennai recently.
The current economic conditions
demand even greater focus on
efficiency and operating costs.
Especially focused on these needs,
Leyland Deere has newly-launched
435E BHL, specifically targeted at
first-time users, offers 10 per cent
improvement in fuel cost.
Built on the rugged and durable
435 BHL platform, Leyland Deere’s
new 435E BHL offers reduction
in cost of operations and delivers
savings up to 20 per cent of the EMI
value, giving the product an important
competitive edge.
The 435E BHL is backed by
best-in-class after-sales support
with a service engineer-to-machine
ratio of 1:8, rapid response mobile
service vans and a dedicated call
centre. This enables Leyland Deere
to offer Indian customers an industry-
best Mean-time to Restore (MTTR),
maximizing availability of the machine
and earnings for customers.
The 435E delivers superior value
by addressing a customer’s core
needs of higher fuel efficiency,
superior reliability and durability,
greater machine up time and lower
operating costs. Its rugged structure
ensures performance under the most
demanding operating conditions.
Dr V Sumantran, Chairman, Ashok
Leyland John Deere Construction
Equipment Co, said, “There is
a huge scope for infrastructure
development in India and the long-
term growth story of this sector is
still very much intact. With the ‘E’
standing for ‘Efficiency’, the 435E
BHL is best positioned to cater to
new entrepreneurs in infrastructure
and construction industries.
“The new ‘435E’ BHL will join its
sibling -- the 435 BHL, and together,
Leyland Deere will offer machines
to cover the spectrum – Solid
Performance with the 435 and Solid
Efficiency with the 435E. Backed
by class-leading service levels, we
are confident that our new product
will set new standards of efficiency
and customer service and offer
great return on investment to our
customers.”
PRavishankar,CEO,AshokLeyland
John Deere Construction Equipment
Co, said, “We have made significant
progress in product development
and channel growth with 155+ touch
points, and have acquired over 1,000
delighted customers in our two years
of operations. The 435E BHL is a
winning proposition, especially for
first time buyers.
Johann Sailer, Chairman, VDMA's Construction
Equipment and Building Material Machinery
Association
industry still had to contend with a
moderate sales decline of 3 per cent
to a current total of 7.7 billion euro.
In contrast, in the building material
machinery sector, the turnover clearly
declined by a total of 13 per cent to
the current level of four billion euro.
Less demand from Bric
In view of the splendid situation
in the domestic construction
industry, the German market
painted a surprisingly weak
East and countries of South-East
Asia in particular where business
is currently going well. But this is
not sufficient at the moment to
compensate for the declines in other
regions.
In this connection there is a halt
to investment for sectors with excess
capacities, which also include the
cement industry. In several threshold
countries projects have been put
on hold also due to the worsening
in the exchange rate, because they
are simply becoming too expensive
for local investors. “Nevertheless,
in 2013 some really good orders
were also received”, said Sailer. But
due to the longer processing times
compared to standard machines,
they will not make an impression
in terms of sales until later during
this year.
“There is currently a product renewal
process like never before,” Sailer
pointed out.
Because various transitional
periods are also used in different ways
by the manufacturers, the market
is responding correspondingly.
For the customers the new
machines produced at extremely
high development costs did not
embargo -- very good market for our
companies.
“We know about the good
reputation, which our machinery and
plant enjoy there”, said Sailer. “The
customers are there, the demand is
there and also the desire and will of
the German industry to deliver. The
problem is the banks. Currently it is
simply not possible to get any capital
investment.”
Reliable energy policy
The German construction
equipment and building material
machinery industry is calling on the
new federal government to once
again earmark the revenue from
truck and potential private vehicle
toll charges for the development and
renewal of the infrastructure. “Beyond
that we need greater reliability in
energy policy”, says Sailer.
Particularly with regards to the
wind and maritime energy theme, an
area where many building machinery
manufacturers are also involved
and investing new technology,
clear decisions by the legislators
and continuity are absolutely
indispensable, he said.
Cat 3406C launched
Caterpillar India announced
the launch of its Industrial Diesel
Engine that provides customers in
lesser regulated countries in the Asia
Pacific region, including India, with
an economical, fuel efficient and
dependable solution.
The Cat 3406C is designed and
built for Industrial, Electric power and
Petroleum engine applications with
a proven core engine design that
assures reliability, quiet operation, and
many hours of productive life.
Initially introduced in 1974,
t h e C a t 3 4 0 6 C h a s
undergone several
transformations
over the earlier
versions of
e n g i n e s .
The engine
i s e a s y
to install,
operate and
maintain featuring many shared
components from the original engine
design.
One of the benefits of the engine
is that fuel consumption is optimized
to match operating cycles of a wide
range of equipment and applications
while maintaining low operating costs.
The 3406C incorporates many other
features to enhance performance
and safety and reduce lifecycle costs.
The mechanically-governed 3406C
engine will be available in the power
range 218 kW (292 bhp) to 365 kW
(490 bhp) for industrial
and petroleum
applications.
Leyland Deere launches
435E Backhoe Loader
EU emissions directive
A topic of constant worry
for the construction equipment
manufacturers is the implementation
of the EU emissions directive. In
some companies this issue has tied
up R+D capacities by almost 100
per cent.
As a result, innovations in other
sectors have fallen by the wayside.
A further challenge is the recent new
complexity, that is, the diversity of the
products offered per manufacturer.
automatically mean greater benefit or
product improvement. To that extent,
it was difficult, he said, to convince
them to pay a higher price for the
machines. Many manufacturers have
thus suffered.
More commitment in Iran
In the wake of the thaw in the
political climate, the German
construction equipment and building
material machines industry would
like to show more commitment again
in Iran, a giant -- and prior to the
in EUR bn, source: VDMA February 2014
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
16
14
12
10
8
6
4
2
0
Building Material Machinery
Construction Equipment
Industry Turnover of German Manufacturers
Level of previous year could not be kept in 2013
Economic Situation of the Industry
Days of extreme volatility are over
200
180
160
140
120
100
80
60
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Seasonally adjusted, smoothed line, index 2010=100 source: VDMA February 2014
Incoming orders
Sales

10. March 03-09, 2014 10
Editor : Bina Verma
Editorial Team: Dilip Phansalkar, Paresh Parmar, Remona Divekar Designer: Rajen Mistry
Business Team: Milind Joglekar (9833357005), Shantanu Baraskar (9820904795), Seema Kohli (9820904931)
Email: contact@konstructionreview.com, editor@mmronline.com
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.
real estate
Pune – economic powerhouse
The city’s economy is
very much dependent
on foreign business, and
opening the city up to
global business travel
will assuredly bode well
for its various industries
With possession-linked
plans, the benefit to
buyers must always
be seen in the light of
multiple risks
with the number of people migrating
into the city from all over the country
increasing every year. This influx
has required major infrastructure
upgradation on all fronts, including
road connectivity, parking facilities,
public transport and electricity and
water supply.
Accordingly, the Government has
laid out a very ambitious roadmap
for Pune’s infrastructure in the Pune
Development Plan 2041. One of the
most important aspects of this plan
is a multi-faceted transport which
envisages a considerably enhanced
road network, a metro system as well
as a number of new bridges, flyovers,
subways and skywalks.
This is necessary, as it is very
evident that Pune’s growth is not a
temporary phenomenon -- the city will
expand exponentially in years to come,
both geographically and in scope. If
Pune’s development authorities do not
take a realistic look at what the next
two to three decades hold in store, the
city will eventually fail to maintain this
growth and begin to decay.
There are good reasons why Pune
has emerged as one of the most
aspired-for residential destinations in
India today. The fact that it is so well
connected to Mumbai is only the tip
of the iceberg.
Pune is an economic powerhouse
in its own right, being home to a
wealth of multinational companies and
industries. These organizations have
ensured that Pune has emerged as
one of the most important employment
centres in the country.
Unparalleled growth
Needless to say, employment
drives demand for Pune’s pace of
urban growth has been unparalleled,
Accessibility
One of the most important aspects
that need to be considered is the
maintenance and enhancement of
accessibility. This includes internal
accessibility between Pune’s various
residential and commercial nodes,
as well as approachability from other
key cities.
Boosting accessibility includes the
construction of new roads, widening
of existing roads which tend to
bottleneck, providing flyovers and
subways to ease traffic congestion
and more efficient and reliable public
transport. As far as the proposed Pune
Metro is concerned, there are serious
questions about how effective it would
be to ease the city’s rapidly increasing
accessibility issues.
On the other hand, the approval
of the 90-meter wide Ring Road
which will connect the PMC and
PCMC is definitely a reason to cheer.
Likewise, the approval of Pune’s new
international airport is definitely a step
in the right direction.
The city’s economy is very much
dependent on foreign business, and
opening the city up to global business
travel will assuredly bode well for its
various industries.
Horizontal growth
But is accessibility the only aspect
that the city’s development plan
should focus on? Is more efficient
transport really all it takes to keep a
city like this viable over the long haul?
Thanks to the fact that Pune has a lot of
potential for horizontal urban growth,
the city is constantly adding new areas
to its borders.
But at the same time, the standard
of living within the inner city is on a
visible decline. Holistic urban growth
is not just about expansion, but also
about the constant improvement of
existing central areas.
Also, it is important for Pune to
maintain a healthy balance of housing
types across various affordability
bands. As we face the prospect of
ever-increasing urban density in the
city, both the planning authorities and
Pune’s real estate developers must
remember that it takes more than
just ‘premium’ and ‘luxury’ housing to
maintain and grow a city. Whenever an
imbalance of housing for all income
groups occurs, the economic viability
of a city begins to degrade.
A city like Pune is sustained a huge
cross-section of service streams,
ranging from blue-collar workers
on factory shop floors and in retail
warehouses to white-collar business
executives and CEOs. The economic
relationship between these classes is
inalienable and symbiotic -- neither
can exist without the other.
Affordable housing
Each individual from all income
streams has a family that needs to be
housed in safety and relative comfort.
This means that the city will, at all
times, have to produce housing that
is affordable from the lowest to the
highest income streams.
The latest regulations require a
minimum of 20 per cent housing in
large townships to be reserved for
the economically weaker sections.
However, despite the fact that
townships are proliferating in Pune,
such a reservation will not suffice
to meet the needs of the city’s less
prosperous denizens in the future.
Meanwhile, we are looking at a
scenario wherein Pune’s developers
are increasingly focusing on high-
priced mid-income and premium
housing projects.
Affordable housing requires special
incentives to developers, and these
must necessarily come from the
government. However, it also requires a
consensus of collective consciousness
among a city’s developers themselves.
There has to be a point at which one
is willing to look less at the bottom
line and more at what the city really
needs in order to continue to grow
and prosper.
Possession-linked vs construction-linked plans
The current market scenario clearly
reflects the market mood. Developers
are extending many offers to attract
demand, clearly indicating that
buyers are in wait and watch mode.
Various press articles have been
suggesting price correction for over
last three quarters, but we have
not seen any serious correction in
prices (with a few exceptions in some
markets).
Developers are proffering bundled
offers instead of negotiating prices.
One such offer is the possession-
‘off-plan’ and this can be approved
by the local regulator, but only on the
basis of a special request and the
overall credibility of the developer.
Such checks are missing in India.
With possession-linked plans, the
benefit to buyers must always be
seen in the light of multiple risks.
Critical safeguards
Three critical safeguards that
buyers must put in place before
investing into such offers are:
Ensuring that the developer
does not have two different pricing
structures (i.e. one for construction-
linked and another for possession-
linked plans). If there are two such
different pricing offers, then the
developer has already built in the
cost of funding that is applicable
for a possession-linked plan. This
effectively means that the buyer is
linked payment plan, in which the
buyer pays 20-25 per cent of the
apartment cost in advance and the
rest on possession.
Benefits and risks
A critical point here is delivery risk
and exposure of credit to developer.
Buyers see immense benefits in
paying just 20-25 per cent to the
developer while booking and paying
the balance amount on possession.
This eradicates the risk of
developer not completing the project
on time, and of the developer going
bankrupt and not having to pay for a
product that is not yet ready.
We are seeing buyers favouring
this option against the construction-
linked plans. In the developed world,
builders have to complete the product
before they can sell to their buyer.
Selling before completion is called
Arvind Jain
Managing Director,
Pride Group
indirectly funding the developer, and
that is not an attractive scenario.
Establishing that the developer
has all necessary approvals in place.
Buyers funding the developers
without approvals is like any another
non-approved deposit collection
scheme that can catch the eye of
financial regulators like the Sebi and
the RBI.
Buyers need to use caution
while investing in any project where
approvals are yet to come and there
is a assured-return type of structure.
These are very risky structures and
have high chances of default and
delay in terms of payments.
Reading the fine print. Laypeople
generally do not read those critical
few lines at the end of the document
before investing, but there is a
huge risk of losing money by
such oversight. For instance, the
connotations of terms such as ‘Act
of God’ as well as other obscure
verbiage in the terms and conditions
present a risk to buyers that do not
understand them.
Any condition that de-risks or
absolves the developer can be
perceived as a risk of losing the 20-
25 per cent of the initial investment.
It is therefore prudent for the buyer to
review all points mentioned in such
an agreement.
The developer will cancel the sale
agreement and basis the agreement
has the full right to forfeit the initial
payment of the buyer. Reputed
developers only forfeit part of the
initial amount, not the full amount.
This is normally captured in the
options agreement that the buyer will
sign with the developer.
Limited risks
Many times, buyers go for
construction-linked plans and
developers draw 90 per cent of the
amount from the bank providing
home loan. Delay by the developer
in terms of delivering the finished
product can sometimes extend to two
to five years or more, and for various
reasons. Buyers continue to bear
the interest cost for the amount that
the bank has funded the developer
with, but cannot enjoy the finished
product.
In a possession-linked plan, the
risk involved is limited to the initial
capital of 20-25 per cent that a
buyer pays to book the apartment.
Buyers clearly stand to gain from a
possession-linked plan as it reduces
their risk and ensures that they do not
have to bear the cost of funding the
developer with multiple open risks.
Because of various potential
policy changes after the elections,
these plans may not be available very
long. It is therefore a very good time
for buyers to invest in projects that
offer possession-linked plans.
Om Ahuja
CEO, Residential
Services, Jones Lang
LaSalle India

12. March 03-09, 2014 12
Registered with the Registrar of Newspapers for India under No. MAHENG/2012/41844
Posted at Mumbai Patrika Channel Sorting Office, Mumbai - 400001, on Monday
Published on Monday, March 03, 2014
Regd. No. MH/MR/South-355/2012-14
News
CASE launches 851 EX
backhoe loader in India
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years its resources on the Pithampur
manufacturing operations, dedicated
to developing and producing its
machines for the construction
industry.
Today, the facility implements
w o r l d - c l a s s m a n u f a c t u r i n g
methodologies to achieve the high
levels of quality and efficiency of
CNH Industrial’s facilities around the
world. It produces market leading
equipment, such as its range of
vibratory soil compactors that holds
the No 1 position in India and was
recently expanded with the addition
of the new DX1107 model.
The continued investments in
product development and of the
production line at Pithampur are
testament to CASE’s dedicated efforts
towards achieving their long term goal
CASE Construction Equipment, a
brand of CNH Industrial, announced
the full availability of new 96
horsepower 851 EX backhoe loaders,
the most powerful backhoe loader
in India.
Richard Tobin, CEO of CNH
Industrial, officially handed over the
keys of the first full production unit
of the new 851 EX backhoe loader
to a key contractor Nabada Johari
at a ceremony held at the CASE
India plant in Pithampur, Madhya
Pradesh, where it was designed and
manufactured.
“India and the Asia Pacific Region
are key markets for CNH Industrial,
and we have maintained significant
investments in order to provide
the best products and support to
our customers in the region. Our
investments have also enabled us to
develop the new EX Series backhoes
at the Pithampur plant to meet the
specific requirements of construction
businesses,” said Tobin.
The new CASE 851 EX Series
backhoe loader, which was previewed
at the Excon 2013 show in November
2013 at Bengaluru, is the most
powerful model available in the Indian
market and fits at the top of the three-
model range that also includes the
770 EX and 770 EX Magnum.
The reliable and proven 96
horsepower 8000 engine, developed
by CASE sister partner FPT Industrial,
delivers a powerful performance
and fast response time, enabling
operators to maximize productivity.
This coupled with the exceptional fuel
savings of up to 13 per cent resulting
from the air aftercooler system,
makes the 8000 series the most fuel-
efficient engine in the market.
The load sensing hydraulic system
delivers maximum power where it
is needed, while the simultaneous
operation of the hydraulic receivers
m a x i m i z e s p r o d u c t i v i t y a n d
minimizes fuel consumption. With
the hydraulically shifted clutches the
operator can change direction and
travel speed on the go. The control
valves deliver smooth speed and
direction shifts, resulting in smooth
and accurate operation.
CASE is one of the leading
backhoe loader manufacturers with
over 600,000 units sold. In India,
it is a major player in this segment
leveraging its expertise and strong
local manufacturing capabilities.
The company has focused over the
EVENTS March 13-15, 2014
Concrete Show – 2014
Concrete Material & Machinery, Mumbai
Contact: UBM India, Unit No. 1&2, B-Wing 5th floor,
Times Square, Andheri-Kurla Rd, Marol,
Andheri (E), Mumbai - 59.
Phone: +91-22-61727272
Fax: +91-22-61727273
info.india@ubm.com
www.ubmindia.in
March 20-22, 2014
International Elevator & Escalator Expo
Bombay Convention & Exhibition Centre, Mumbai
The event provides an exclusive platform to get an insight into the market, trends and
technologies that drive the elevator and escalator industry. The forum, apart from fostering
thought leading insights from the stalwarts of the industry, also dwells extensively on
leading edge technological advancements to the most contemporary design trends, safety
standards, environment compliance codes and regulations.
Contact: Virgo Communications & Exhibitions Pvt Ltd
Virgo House, 250 Amarjyoti Layout,
Domlur Extension, Bengaluru
Tel: +(91)-(80)-25357028/41493996/41493997
Fax: +(91)-(80)-25357028
Contact person : G. Raghu
Mob: +91-9845095803
April 19, 2014
18th One-day Workshop on Jirnoddhara of RCC Buildings
The Institution of Engineers (India), Mahalaxmi, Mumbai
The workshop contains structural audit, upgrading (housekeeping, regular maintenance,
repairs, rehabilitation, fixing leakage, waterproofing of RCC buildings and a new concept
to construct durable RCC structures without leakage
Contact: Jayakumar Jivraj Shah
Tel: 28483541
Mobile: 9819242649
May15-17, 2014
Ecobuild India
To be decided soon
It is the largest exhibition of the sector that concentrates on the future of sustainable building
design, construction and built environment. It plays an important role in the development
and advancement of the sector and helps the exhibitors to showcase their products and
services associated with the sector.
Contact: UBM India Pvt Ltd. Times Square, B- Wing,
Unit 1 & 2,5th Flr, Marol, Andheri Kurla Road,
Andheri East. Mumbai
May 16-18, 2014
Roof India 2014
Chennai Trade Centre, Chennai
The exhibitors will showcase roofing systems, architectural cladding, facade engineering,
roof waterproofing, pre-engineered buildings, space frames and more.
Contact: International Trade & Exhibitions India Pvt Ltd
1106-1107, Kailash Building,
Kasturba Gandhi Marg, New Delhi
Majority property brokers
in Dubai are Indians, Pakistanis
As many as 676 real estate brokers
from India and Pakistan are operating
in Dubai out of a total 2,238 in the
Gulf emirate. The UAE nationals
made up the largest percentage of
the city’s property brokers and there
was one woman for almost every five
men working in the sector, said the
Dubai Land Department (DLD).
There are 336 Indians and 340
Pakistanis operating as real estate
brokers in Dubai while the number
of British property dealers are
said to be 177. There were 134
Egyptian brokers registered with
other nations represented, including
the Philippines, Iran, Russia and
Uzbekistan.
“Brokers in Dubai are reassured
by the legislation and laws that
exist to guarantee the rights of all
dealers in the market,” said Yousif Al
Hashimi, Deputy Chief Executive of
the Real Estate Regulatory Agency,
the regulatory arm of DLD.
The report showed that there were
468 women registered to conduct
property transactions in Dubai last
year, compared to 1,770 men. The
figures equate to a female share of
approximately 21 per cent, or one
woman for every five men.
(L-R): Nabada Johar from Silchar; Richard Tobin, CEO; Derek Neilson, Chief Manufacturing
Officer, and Stefano Pampalone, COO (APAC), CNH Industrial
of optimizing these operations for the
domestic and global construction
equipment needs.
CASE construction equipment
sells and supports a full line of
construction equipment around the
world, including the loader/backhoes,
excavators, motor graders, wheel
loaders, vibratory compaction rollers,
crawler dozers, skid steers, compact
track loaders and rough-terrain
forklifts.