Category — Construction

Canada Pitches Lumber to India Market

With the prospect of U.S. Government duties being levied on Canadian lumber, Mike de Jong, British Columbia‘s minister of finance, is looking to sell softwood lumber to customers in India and China, reports Canada Business.

Lumber

De Jong said, “We are amplifying our efforts to do something we did around (the last) softwood negotiations and that is diversify our markets. We have redoubled our efforts in India and are beginning to see results. We are in China now to further encourage efforts at reducing our dependence on a U.S. market that may become somewhat unpredictable.”

 

December 18, 2016   No Comments

Trump Has More Active International Projects in India Than Anywhere

The Trump Organization has more active projects underway in India — at least five — than anywhere else outside North America, reports NPR. And even if  Donald Trump goes through with his declaration that he will  exit his businesses to avoid any conflict of interest arising from his global enterprises, the entity in charge of his business will likely reap benefits from the Trump name.

In India, Trump’s partners in real estate (where the Trump name — in gold — graces projects) pay the Trump Organization for use of the Trump name, which to many, is synonymous with quality. So though he has not invested in these properties, the Indian brand-licensing agreements have the potential to earn the Trump Organization at least several million dollars says Ramesh Jogani a Mumbai-based real estate developer. Priced at $2 million for each unit, construction is underway at the 75-story, gold-facade Mumbai Trump Tower, with half of the 412 units already sold.

The Trump Brand on Realtor Lodha's Website

The Trump Brand on Realtor Lodha’s Website

However, Mumbai property consultant Gulam Zia predicts, “Any permission, any license, any favor that this product attracts because of the brand will be noted, magnified, spoken about, debated and fought over in the media.”

 

December 18, 2016   No Comments

Blackstone to Offer India’s First REIT

Real Estate Investment Trusts (REITs) are expected to make their debut in India next year,  when New York-based Blackstone Group is expected to offer its first issuance of these securities enabling global  investors to invest in real estate and infrastructure in India.

REITs offer investors special tax considerations and typically provide steady dividend yields, and the gains they could bring to India will be unique in the way of adding credibility to the country’s real estate investment market.  Further, these will enhance the transparency and governance of the property market reports Fortune. Foreign funds have increasingly invested into class A office, retail and logistics properties at attractive entry price points.

Real Estate

India will introduce legislation for infrastructure investment trusts (InvITs) where the securities focus investments on infrastructure assets, such as toll roads and airports. A functioning InvIT market is complementary to a successful REIT market.

 

December 17, 2016   No Comments

India’s First Transshipment Port to Be Operational in 2018

India’s first Mega Transshipment Container Terminal at Vizhinjam, in the western state of Kerala will be developed by privately-owned Adani Ports and the Government of Kerala. Being built at a cost of $1 billion, the port is scheduled to be operational in 2018.

Vizhinjam is located 10-12 nautical miles from the busy Persian Gulf – Malacca shipping lane which accounts for almost a third of global shipping traffic. The port has a natural depth of 60 -65 feet that will enable efficient handling of mother vessels. The site also has the advantage of minimal littoral drift, resulting in minimal siltation and therefore limited maintenance dredging.

Vizhinjam Port

“The port can attract a large share of the container transshipment traffic destined for, or originating from India which is now being diverted primarily through Colombo, Singapore and Dubai,” said an Adani Group executive who declined to be named.  Additionally, the  port will have dedicated berths for India’s navy and coastguard, according to a government note seen by Reuters.

India’s Shipping Ministry disclosed to Reuters that India wanted its ports to excel in parameters such as “turnaround time, efficiency, last-mile connectivity, and infrastructure” in the same way other good ports of the world did.

Modi’s government expects cargo traffic at its ports to jump by two-thirds by 2021 as India ramps up exports of goods including cars and other machinery, reports Fortune.

August 2, 2016   No Comments

Saint-Gobain Inaugurates New Research Center in Chennai, India

French Multinational Corporation, Saint-Gobain, opened its new cross-functional research center, Saint-Gobain Research India (SGRI), in Chennai, in the eastern state of Tamil Nadu.

Located on the campus of   Indian Institute of Technology Madras,  in Chennai, spread over 2.7 acre ,  and built at an investment of $29.5 million (€26million), the new R&D center will be focused on finding innovative and sustainable solutions for a variety of businesses (abrasives, glass, gypsum, ceramics and plastics). It will specifically work on developing various solutions for living comfortably in buildings in hot and humid climates.

Inauguration of Saint-Gobain's New Center

Inauguration of Saint-Gobain’s New Center

The center will support businesses already located in India to accelerate Saint-Gobain’s growth in the region. SGRI is committed to finding innovative solutions to the challenges of energy efficiency, environmental protection and enhanced comfort for daily living. By developing cross functional competencies, in close cooperation with the group’s other large research centers, and by establishing partnerships with the Indian academic world, SGRI will also pave the way for new Saint-Gobain developments in the country.

April 13, 2016   No Comments