Category — Construction

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

CH2M and Cisco Provide Expertise for Smart City Shendra-Bidkin in India

California-based Cisco Systems Inc., and Colorado-based global engineering firm CH2M have announced a new global strategic alliance to provide urban planning, design and smart technology integration and delivery services for their first project in India, reports CNN Money. Their first integrated delivery will be to Shendra-Bidkin an industrial smart city being developed along India’s Delhi-Mumbai Industrial Corridor.  Shendra Bidkin is located in the Aurangabad District (where the caves of Ajanta and Ellora are a popular tourist attraction) in the state of Maharashtra.

CH2M will serve as program manager for building phase 1 of Shendra-Bidkin and will develop the Master System Integration Plan while CH2M’s role includes managing development of physical infrastructure (including buildings, roads, water systems, and energy) and an exhibition and convention center.

“India has entered a new era of smart city industrial development. The Delhi-Mumbai Industrial Corridor Development Corporation and the Maharashtra Industrial Development Corporation have joined hands to build Shendra-Bidkin Industrial Area (SBIA) as a state-of-the-art smart city based on principles of sustainability. Ideally situated within Delhi-Mumbai Industrial Corridor, Shendra-Bidkin Industrial Area will showcase Maharashtra’s leading manufacturing industries and will be home to many of the world’s leading corporations. SBIA will join other world-class developments as one of India’s first smart and master planned industrial cities that will contribute towards creating an ecosystem for the ‘Make In India’ and ‘Make in Maharashtra’ campaigns to help the country and the state become a new economic force and achieve long-term sustainable growth,” said Apurva Chandra, IAS, Principal Secretary (Industries), Government of Maharashtra.

November 22, 2015   No Comments