September 01-07, 2014 1

Volume 3 l Issue No 35 l September 01-07, 2014 l Price: Rs 100An MMR, Braj Binani Group Publication

The Indian Railways, ahead of Prime Minister Narendra Modi’s visit to Japan, is intensifying efforts to concretise the Mumbai-Ahmedabad high speed rail corridor project amid anticipation that a way forward may materialize during the trip. The bullet train is expected to run at a speed of 300 km per hour on the 534-km-long Mumbai-Ahmedabad route.

“India and Japan are cooperating on Western Dedicated Freight Corridor and the proposed high speed rail corr idor between Mumbai and Ahmedabad,”said Arunendra Kumar, the Railway Board Chairman. When questioned about the possibility of any agreement on the Mumbai-Ahmedabad high speed corridor to be signed between India and Japan during PM’s visit from August 30, he declined to comment.

At present, the Japan International Cooperation Agency (Jica) and French railway are involved in the feasibility study of the Rs 62,000 crore Mumbai-Ahmedabad bullet train project. Commenting on the progress of the bullet train project, Kumar said, “Jica has already submitted the preliminary report last month and the second report with more details is expected anytime now. Then the third and final report will be submitted by June 15.”

While French report will mainly focus on business development model of the project, Jica study will cover the entire gamut including alignment, scheduling, tariff, technology, traffic, funding pattern, environment and social impact, passenger profile, number of stations, among others. Jica’s first report was discussed in detail at the Board and now we

are awaiting the next report, said the Commodity Research Bureau (CRB).

The Rail Budget has allocated Rs 100 crore for the preparatory work for the bullet train project. The allocated fund will be utilised for skill development in high speed train and studies on the proposed diamond quadrilateral project, said Kumar.

However, it seems that for most people high speed journey between Ahmedabad and Mumbai may appear to be a simple ride. But in reality, it turns out to be a highly complicated project which will have underground and undersea tracks. The project which is high on the agenda of Prime Minister Narendra Modi’s Japan visit has many twists and turns in terms of both finance and technology.

“We have to take many aspects

Modi’s Japan visit raises high hopes for Mumbai-Ahmedabad

bullet train projectof the project. The tracks have to travel through different areas which differ vastly in their demography and topography. The economics will also play a role in selecting the route and stoppages,” remarked Kumar.

“We have to take the train through such areas where we should get passengers. We have to pass through congested cities l ike Surat and Mumbai. In Surat, we cannot have a train which will be running on ground, so we may have to go for underground tracks. Opposite will be the case when we will be passing through some areas of Mumbai where we may have to opt for underwater tracks. All these alignments will be decided on the revenue and traffic we

are expecting to get,” he observed. T h e J a p a n I n t e r n a t i o n a l

Cooperation Agency has already submitted its first interim report and second interim report would be coming in November. “We will have the final report in June 2015. Only then, will we be able to decide the timeline for implementing the project,” said Kumar. “We have to see whether the conditions of investment are beneficial to us or not.”

The Jica is studying every aspect of the project including technology, alignment and finance. However, the French Rail Company has completed the study on financial aspect of the project. “The report could come to us any time,” quipped Kumar.

PM rolls out savings scheme to fund massive infra investment

The Centre has empowered the Road Transport & Highways (RTH) Ministry to decide on the mode of delivery and amendments in regard to agreements with developers. “The ministry was facing problems as regards to timely award of contracts, whether for BoT or PPP model. There was a difficulty in ascertaining how the project can be delivered. Now the ministry has been empowered to take a decision in this regard,” said Ravi Shankar Prasad, Communications & IT Minister after the Cabinet Committee on Economic Affairs (CCEA) meeting.

The development comes in the wake of highways projects worth Rs 1, 80,000 crore stalled on account of various reasons. Prasad said the ministry will now “take a decision as to which mode is the best for effective delivery of road project.”

The CCEA, chaired by Prime Minister Narendra Modi, gave its approval to the ministry of RTH to amend the Ministry of Corporate Affairs

(MCA) as may be required from time to time; and to decide the mode of delivery of projects. It said the users of national highways from

all over the country will benefit due to expediting of implementation of road infrastructure projects in the country.

This will also help uplift socio-economic condition of the entire nation on account of increased connectivity with farflung areas leading to increased economic activity, it added. As against the ambitious target for award of 9,500 km of road length for the financial year 2012-13, only 1,116 km could be awarded by the National Highways Authority of India (NHAI).

Only 1,436 km against the target of 4,030 km for the year 2013-14 could be awarded. The shortfall was primarily attributable to an overall economic slowdown resulting in lack of availability of debt and equity in the market and complexities in the MCA.

According to recommendations of the Committee, further amendments to the MCA where necessary, and the mode of delivery of any specific project in case the project is found unviable on build, operate, transfer (BoT) (toll) and/or BoT (annuity), is to be considered, examined and approved by the IMG.

RTH ministry to decide on projects to

expedite delivery

Prime Minister Narendra Modi rolled out the ambitious financial inclusion scheme Jan Dhan Yojana from the ramparts of Red Fort on Independence Day with the objective of reaching out to all those who have remained beyond the folds of official financial channels. While the idea is to take banking to unbanked areas, the new government has a bigger agenda to boost financial savings.

A stark decline in household savings has been a big headache for policymakers, but concrete steps

that could pull them to financial sector from gold which had gained traction in the wake of high inflation had been lacking. Higher financial savings are also needed to lower interest rates and fund massive infrastructure investment the government has planned.

The new government identified savings as an area needing immediate attention. Urgency over addressing this was seen in Finance Minister Arun Jaitley’s maiden budget that unveiled a whole package to revitalize savings and adopted a two-pronged approach

to address the problem more products and taxation.

The budget unveiled a host of new products to address the decline in savings rate including revival of senior citizen pension plan called the Varishtha Jeevan Beema Yojana. A new savings instrument for girl child and National Savings Certificate with an insurance cover was announced to rekindle interest in small savings.

The budget also announced an increase in public provident fund annual ceiling from Rs 1 lakh to Rs 1.5 lakh per annum. To further sweeten the deal, the Finance Minister raised investment limit under section 80C of the Income Tax Act from Rs 1 lakh to Rs 1.5 lakh. The increase was long due and had been pitched for by the Reserve Bank of India as well as other regulators. Additionally, to tap financial savings in the rural areas, Jaitley relaunched the Kisan Vikas Patra or KVP that had been very popular with savers.

September 01-07, 2014 3CASE STUDY

Bentley BIM software for major structural design project

Software ensures quality data for steel

fabricators; helps save on material costs

T h e U S - b a s e d F i t z p a t r i c k Engineering Group (FEG) specializes in structural engineering solutions for commercial, institutional, and healthcare buildings. The firm was selected by a major healthcare provider in south-eastern United States to be a part of an integrated project delivery team for an $18 million rehabilitation centre.

As a long-time Bentley user and an early adopter and advocate of building information modeling (BIM), FEG was committed to using their preferred BIM applications – Bentley’s AECOsim Building Designer and RAM Structural System – to provide structural design for the 65,000-sq ft, steel-framed building.

Using Bentley’s integrated and interoperable software enabled FEG to not only easily meet the owner’s requirements for a Revit deliverable, and provide the steel fabricator with the most accurate and complete information possible, but also to achieve a $28,000 savings in direct material costs and field inspection costs.

Accurate, complete structural data

The rehabilitation centre was the owner’s first foray into integrated pro ject de l ivery, in wh ich the design team, contractor, and major subcontractors were on board from the start of the project in late 2011.

As one of two main requirements, the owner requested a Revit model deliverable from all design disciplines for use in facil i ty management, as their previous pi lot projects h a d d e m o n s t r a t e d t h a t B I M reduced changes and produced measurable savings before and during construction, as well as for ongoing operations. In addition, the owner also required FEG to share the design model data with the fabricator.

S h a r i n g s t r u c t u r a l m o d e l i n fo rmat ion w i th downs t ream members of the construction team, including fabricators, was not new to the FEG. However, the owner’s requirement for a Revit deliverable did require FEG to closely examine the accuracy and completeness of data exports from both applications. A thorough internal review concluded that AECOsim Building Designer was clearly able to export the most accurate and complete structural data.

Integrated structural modeling tools

The solution to providing both the Revit model deliverable and high-quality steel fabrication data, without having to re-enter data, was to implement Bentley’s Integrated Structural Modeling (ISM) tools.

FEG determined that its structural engineers could use AECOsim Building Designer in conjunction with Bentley’s Structural Synchronizer and ISM Revit plug-in. Structural Synchron izer cou ld prov ide a shared, dynamic repository for all structural content, including change management visualization and revision history.

AECOsim Bui lding Designer could use Structural Synchronizer to communicate with the database, while the ISM Revit plug-in could transfer data to Revit.

“ T h e r o b u s t f e a t u r e s o f AECOsim Building Designer and Bentley’s continued commitment to interoperability have allowed Fitzpatrick Engineering Group to move beyond the traditional ‘beams and columns’ of BIM and set itself apart as an industry leader while collaborating in mixed environments,” said Douglas G Fitzpatrick, PE, President, Fitzpatrick Engineering Group.

“We could work in our preferred BIM application, confident that we would be able to send reliable information to the fabricator and del iver a Revi t model through electronic means without having to manage two models separately,” he said.

FEG started the project with two Bentley products: RAM Structural System, which allowed analysis and design using a single model; and Structural Modeler, a BIM application that enabled engineers to easily explore design alternatives with flexible interdisciplinary coordination and interoperability. When a new re lease o f AECOsim Bu i ld ing Designer became available, FEG phased out its use of Structural Modeler in order to leverage the new modeling features in AECOsim Building Designer.

Enhanced coordination between models and plans

Using the la test vers ion of AECOsim Building Designer, FEG was able to use dimension-driven parametric modeling to create and manipulate complex structural assemblies. Parametric modeling technology enabled the creation of parametric cells for common structural components in the project including the proprietary SidePlate connection and baseplates with anchor bolts.

“Parametric cells have allowed us to add more meaningful content into our models and provide tighter coordination between our models and plans,” explained Fitzpatrick.

Parametric cells not only provide the designers with a visual check as they are placing the element, but also yield benefits with plan annotations and scheduling. Because they are linked to the original element, any associated data for an element can be placed as an annotation on the plans, and as the design continues to evolve, the annotations are automatically updated. Similarly, an entire group or subset of data for a component can be easily exported to a spreadsheet and reformatted into a schedule to meet corporate standards.

FEG created parametric cells for the SidePlate connections that included all of the plate components as we l l as the we lds . As the connection component was placed, the engineer received immediate visual feedback.

If the parameters entered were correct, the cell would fit snugly around the column and beams for that condition. If column flanges extended beyond the side plates, or if the cover plates were not snug to the beam flanges, the user could take action to correct the problem rather than dealing with an RFI during construction.

Column base plate parametric cells were created that included

anchor bo l t s , nu ts , washers , embedment depths, and a non-plotting clearance lug at the bottom of the anchor bolt. If this (red) lug was visible from the underside of the foundations, FEG knew the footings were too shallow or the bolts too long for that condition, and the anchor bolts would not have the proper concrete cover.

Anchor bolt layouts could be v isual ly compared against the co lumn prof i le for c learances during modeling as well. The base plates and anchor bolt layouts were included on the extracted foundation plan, offering another opportunity to ensure consistency.

The engineering team created spread footing parametric cells to allow them to consistently model footing sizes, reinforcing quantities and elevations. It also ensured enforcement of FEG’s corporate designs.

Beam web openings, necessary f o r p r o p e r c o o r d i n a t i o n a n d interference detection, were created and scheduled as well. Annotations were placed on drawings for each of these parametric elements, closing the loop on accurate coordination between the model and plans and enforcing corporate standards for labeling each of the elements.

T h e r i s k a s s o c i a t e d w i t h transferring red marks the old way was eliminated, and consistency between FEG’s model and drawings was ensured.

“By creating parametric content with AECOsim Building Designer, we were able to provide an immediate visual confirmation of modeling accuracy during element placement,” Fitzpatrick said. “The user was able to see the new content in full context of the model and could tell if the assigned parameters fit the current condition. This visual confirmation provided the first level of conformance and error checking.”

Helps save material costsUsing RAM Structural System to

analyze the proprietary SidePlate connection technology allowed FEG to provide a $15,000 savings in direct material steel costs on the project. Although the SidePlate connection was conceived for high-seismic applications, it has demonstrated savings in lower seismic regions as well – not only in terms of direct material costs but also in field inspection costs. Traditional seismic connections require continuous inspection of full penetration welds, whereas SidePlate connections are all fillet welds allowing for periodic inspection and less field testing. The inspection and testing cost reduction was anticipated to save an additional $13,000.

This project demonstrates that mega-size firms working on mega-size projects are not the only ones using Bentley’s building applications to solve unique challenges, work and thrive in a mixed BIM environment, gain sustainable drawing production ef f ic iencies, and del iver more consistent drawings using the powerful set of tools in AECOsim Building Designer.

Bentley’s innovative products have al lowed this small f irm to surpass industry standards and set itself apart as a leader by developing an advanced solution to today’s BIM workflow.

Bentley Institute Press, publisher of university textbooks and professional reference works for the architectural, engineer ing, and construct ion (AEC), operations, geospatial, and educational communities, announced the publication of ‘Principles of Structural Analysis – Static and Dynamic Loads’, the second book in a three-part series.

This compendium of information about STAAD.Pro – a mainstay of Bentley’s world-leading 3D structural analysis and design engineering software – bridges the gap between structural engineering concepts and their practical application to real-world challenges.

The book is authored by Bentley Systems technical support director Krishnan Sathia, a structural engineer with more than 15 years of experience developing and applying STAAD.Pro.

‘Principles of Structural Analysis – Static and Dynamic Loads’ is written for a broad spectrum of readers

Bentley Institute Press announces publication for structural engineers

pursuing an in-depth understanding of structural information modeling best practices. Students and early career structural engineers will learn how to model, analyze and design using STAAD.Pro, while seasoned practitioners will benefit from detailed explanations of STAAD.Pro’s many advanced features.

“I’ve written this book to help students become structural engineers and practitioners to become more prof ic ient and product ive. For instance, in addition to including the fundamenta ls o f c rea t ing information models usingSTAAD.Pro, I’ve provided comprehensive descriptions of various methods for generating data that will save even advanced practicing engineers time and enhance their productivity,” said Sathia.

‘Principles of Structural Analysis – Static and Dynamic Loads’ leverages the collective knowledge of structural experts and software technicians across the world to help support the

information requirements of practicing engineers.

By delving into the methods and principles inherent to STAAD.Pro, it provides a complete understanding of the programme. In addition, it reviews common modeling errors and methods for avoiding or overcoming them, enabling engineers to create better and more accurate models in less time. These chapters teach engineers to verify the accuracy of their input and results to ensure models best reflect real-world conditions.

Other subjects covered include static analysis of framed structures, f i n i t e e lement ana l ys i s , l oad generation, seismic and dynamic analysis, steel design, and concrete design.

Like all of the titles in the Bentley Institute Press portfolio, ‘Principles of Structural Analysis –Static and Dynamic Loads’ aims to deliver continuous learning to help readers increase their technical know-how and improve their workflow efficiencies.

Parametric modeling with AECOsim building designer provided an immediate visual feedback to ensure model accuracy

September 01-07, 2014 4INFRASTRUCTURE

Sezs to get fresh fillip under Modi

Special Economic Zones (Sezs) have not performed to their full potential in the past 10 years and so the NDA government is planning to tweak policies to make them more productive and viable, said Union Minister of State for Commerce & Industry Nirmala Sitharaman. She said that Indian firms active in manufacturing business must get more innovative and develop their market research capabilities to compete with their Chinese counterparts.

Sitharaman was in Vizag to lay foundation stone for information technology towers at the special economic zone in Duvvada. The project is part of the Centre’s initiative to promote IT industry in tier-2 cities.

The towers will have a built-up area of 1.09 lakh sq ft along with 30,000 sq ft of disaster data recovery area which can be used by IT firms, Indian or foreign, for saving their data as backup. She said the Narendra Modi government is planning to rework

policies to make the Sezs more productive economically since these trade enclaves have not performed to their full potential in the past 10 years.

As of now, there are 564 approved Sezs in the country, of which 388 have been notified and 192 are operational, she said. Investment in these Sezs stood at more than Rs 3 lakh crore and they provide employment to 12, 70, 000 people. Their export volume is to the tune of nearly Rs 5 lakh crore, the minister said.

Hinduja Group to invest $10 b in infra projects

China seeks private investments in railway sector

Hinduja Group is willing to invest $10 billion in unfinished power plants and infrastructure projects in India that have been languishing as non-performing assets with banks, to help bring back economy on high growth path.

Gopichand Hinduja, Co-Chairman, Hinduja Group of Companies, is keen that the projects that were part-financed by state banks but abandoned for a variety of reasons like non-availability of fuel and now listed as bad loans, should be quickly completed as Indian economy picks up under Prime Minister Narendra Modi.

C h i n a h a s s o u g h t p r i v a t e investment in its tightly controlled loss making railway sector, as it presses ahead with its costly high speed rail projects at home and abroad. On an inspection tour of the China Railway Corporation (CRC), Chinese Premier Li Keqiang said he wants to see more private investment in railways as its development will stabilize economic growth, enhance social harmony and help urbanization.

China has spent vast sums on railways in recent years and changing the way they are financed is very high on the government’s agenda. The fund value is expected to reach 300

T h e d i v e r s i f i e d b u s i n e s s conglomerate feels the UK government can encourage some of its companies to finance and complete construction of such projects in exchange for fast approvals from India and the prospect of operational power stations, roads and bridges within two years.

Hinduja added that brownfield projects are the easiest way to show (fast) results and that is what the Prime Minister is trying to show rather than go into green field projects. He said that Britain should seize the opportunity of Modi’s new leadership to make a practical demonstration of its support.

billion yuan ($ 48.6 billion). In addition, 150 billion yuan of railway bonds will also be issued this year, with overtures being made to banks to encourage them to fund railway projects.

Railways are fundamental to China’s development and their purpose cannot be achieved in any other feasible way, Li said. China has already completed 11,028 km of high speed train network that includes engineering marvel of construction of rail lines on the permafrost in Tibet.

China’s high-speed rail projects include construction of Trans-Asian Railway Network connecting China with Myanmar, Laos, Vietnam, etc.

Gujarat to set up diamond hub for exports

GMR Infra finalizes plan to develop rest of IGI airport

Odisha to prepare DPR for metro rail

services

After courting success with an array of Special Economic Zones, Gujarat is now proposing to set up an only-for-exports hub for diamonds at Surat, possibly the first of its kind in India. “We have identified everything (like land) and I think may be in a month or two we will set up the Sez,” said Gujarat Finance Minister Saurabh Patel.

The state government is keen that Surat should have an international airport, the minister said, adding that he has met the Union Civil Aviation Minister Ashok Gajapathi Raju in this regard.

He also requested Raju for starting direct flights to Dubai from Vadodara and Surat, and from Ahmedabad to London and New Jersey. An international airport in Surat will help to boost business as well as tourism, he said.

GMR Infrastructure has developed a monetization plan to develop the remaining 184 acres of Delhi’s Indira Gandhi International Airport in four phases over 10 years. The airport developer’s move to unlock value from real estate assets comes nearly five years after its first round of monetization, which involved awarding development, rights over 45 acres to create a hospitality zone.

At present, four hotels have started operations while others are

The Odisha government signed an agreement for preparation of a detailed project report (DPR) for metro rail services between Cuttack and Bhubaneswar. The agreement was signed between Secundarabad-based Balaji Railroad System Ltd and the state’s Housing & Urban Development department.

The agency would prepare the DPR of the mass rapid transit system (MRTS) covering the 30 km distance between Bhubaneswar and Cuttack. The consultant agency would get Rs 2.52 crore for preparation of the DPR within a period of 10 months,

As regards the Special Economic Zone (Sez), he said that once it is set up, the jewellery exporters would be able to bring in diamonds and have them processed in the notified area. “The diamond polishers are very keen to set up the Sez. Polished diamonds go to Antwerp, Dubai and

in the process of being completed. The long term plan for the remaining land will include building office spaces, convention districts and cargo facilities, according to the company’s annual report for FY14.

“W i th A i r Ind ia jo in ing Star Alliance, IGIA is set to become an international hub for passenger traffic and cargo movement. To maximize this potential, DIAL has developed a commercial property development monetization plan, including developing office space,

said Housing & Urban Development Minister Pushpendra Singhdeo, who was present during the signing of the agreement.

The broad scope of work for the agency is to prepare the DPR covering traffic demand assessment and system selection, including mobility analysis, alignment study, multimodal land-integration plan, land acquisition details, and transit-oriented development. The agency would also study the economic analysis of the project which will assist the government in deciding on its implementation.

other places. Diamond polishers have the confidence in building up the Sez and state government will support them.” There are a total of 18 operational Sezs or export hubs in Gujarat, and there is no data to suggest that there is an Sez exclusively for diamonds.

F&B districts, convention districts and 5-star deluxe/budget hotel/service apartments on 184 acres in four phases,” the company said. The Delhi International Airport (Dial) is the GMR subsidiary that runs the airport.

GMR’s sen ior management has previously said it planned to monetize between 8-14 acres in the current fiscal, and up to 28 acres next year. The company’s average realization in the previous round of monetization in 2009 was around Rs 88 crore per acre.

L&T bets on infra projects in the pipelineBetting big on the new government’s

initiative to clear major infrastructure projects which were stuck, engineering major Larsen & Toubro said it expects to bag a number of construction deals.

“We will see some new changes only after next April as the new government is currently focused on clearing the low-hanging fruits. These

are those projects which had been pending for quite some time now and we expect them to come up for bidding soon,” said L&T Chairman A M Naik.

He said the company is eyeing contracts worth Rs 20,000 crore from the Dedicated Freight Corridor Corporation (DFCC), apart from the 2,800 mw (4x700 mw) Gorakhpur

nuclear power project in Haryana as well as some contracts in the water and affluent segment.

L&T has already bagged orders worth Rs 6,700 crore from the DFCC to construct a double-track corridor from Rewari in Haryana to Iqbalgarh in Gujarat. Three other contracts worth around Rs 20,000 crore are expected to be bid out soon.

September 01-07, 2014 5

Mumbai as global real estate hub

REAL ESTATE

By 2030, Mumbai will be the most populous city in the world, with a population of 33 million. Hence, it must ensure that housing becomes

affordable

In order to ensure a home for every Indian by 2022, Assocham and Naredco signed a Memorandum of Understanding (MoU) to align strategic efforts under the aegis of the Ministry of Housing & Urban Poverty Alleviation of the Government of India,

The MoU and charter were jointly unveiled by Rana Kapoor, President, Assocham and MD & CEO, Yes Bank, along with Sunil Mantri, President, Naredco, at the Naredco Real Estate Banking Conclave in the presence of G S Sandhu, Secretary, Ministry of Finance, GoI and S S Mundra, Deputy Governor, the Reserve Bank of India.

Kapoor said, “The MoU wi l l empower bo th o rgan i za t i ons to strategically al ign efforts by championing knowledge initiatives and interventions in the real estate, housing, urban infrastructure and construction sectors.

“I strongly believe that positioning Mumbai as an international finance centre on a par with global cities will help realize the city’s tremendous growth potential and achieve the vision of Mumbai as an ‘Economic Capital Region’ and hub of the Indian economy.”

He delivered a keynote address on the steps to be taken to establish Mumbai as an Economic Capital Reg ion and emphas ized tha t development of real estate, healthcare, urban infrastructure and other allied sectors is essential to take the vision forward.

While the city has relatively well developed capital markets, the supportive urban infrastructure is inadequate. In recent years, the relative attractiveness of Mumbai has declined, with the city slipping down to lowest ranking in the Asia-Pacific Index for Global Financial Centres.

In a globalizing age, foreign investors’ interest is directly linked to modernization, skilled workforce, cost competitiveness, connectivity, healthcare and sophistication of financial system. Given that Mumbai already epitomizes some of these, the imminent need and endeavour to adopt a systematic change of city’s urban and financial fabric, would not only help to position the financial capital as an international financial centre, but also help overcome current economic challenges that our nation faces today.

An integrated plan, implemented with a coordinated effort of the government (both Centre and state) and the private sector, will establish Mumbai as an enabler and driver of India’s next phase of robust economic growth.

Mumbai as economic capital, IFC

On the basis of provision of financial services, a financial centre can be categorized as:

Global financial centre if it serves •clients from all over the world, for example Singapore, London and New YorkRegional financial centre like •DubaiMumbai’s time zone forms an •ideal link between major offshore centres in the east and west. It can facilitate transactions on the same day with Tokyo, Singapore, London and New York. More importantly, a majority of freely and mobile high quality labour force in India generally finds its way to Mumbai. In addition:Over 90 per cent of merchant •banking transactions take place in MumbaiMumbai accounts for a significant •share in deposits mobilization (13.6 per cent) and deployment of credit (17.3 per cent) Mumbai’s share in banking sector •transactions is 3/4th of the total clearancesTreasuries of banks & corporates •generally operate from Mumbai

Master PlanStrengthen financial regime and

governance: Improve legal system to ensure enforcement of contracts in a fair and timely manner is the prerequisite of developing any internationally acclaimed financial hubs.

Faster resolution of f inancial disputes, with a comprehensive assessment o f the coun t r y ’ s commercial law, as well as the judiciary’s ability to deal with cases that involve foreign parties, plays an important role.

The way forward can be tailor-made enclaves in and around Mumbai, on the lines of Dubai IFC, which could be granted the power to self-legislate on civil and commercial areas through an amendment in the constitution.

Simplifying the taxation structure too holds importance to develop an efficient financial regime. An early roll-out of the GST and comparable tax sops, as in other countries are key to attracting the best hedge funds and brokerages to Mumbai.

While there are single unified financial regulators like FSA in UK and Financial Stability Oversight Council in the US, in the case of India, financial regulation is oriented towards product regulation.

For example, banks are regulated by the RBI, mutual funds and equity markets by the Sebi, etc. As the financial sector grows in size, it would become crucial to internalize systemic risk posed by various financial entities by taking on board some of the recommendations of the FSLRC (Financial Sector Legislative Reforms Commission).

Create competitive financial market structure. There is a simultaneous need to deepen the existing financial markets.

Setting up a forex clearing house •based out of Mumbai and designing it on par with other leading clearing systems in the world. Reviewing ceilings •on interest rates a n d m a t u r i t i e s o f non- res ident foreign currency deposits with a view to liberalize them prudently. To deepen and expand •the scope of our financial s y s t e m , a d o m e s t i c financial hub would be a first step in a much larger scheme of things. In this regard, encouraging financial savings would act as the foundation stone. Set up Gold Bank, an apex body •headquartered in Mumbai, which with the support of the banking system can effectively postpone the immediate need for imported gold and also help in partial conversion of existing stock of physical gold into standardized form of e-gold. This would help in diverting non-

productive physical savings (14.8 per cent of GDP in FY13) towards productive financial savings (7.1 per

cent of GDP in FY13).In India, the Centre and states run

a combined deficit of ~7 per cent of GDP and finance it largely through bonds, leaving only a small share of effective domestic savings for private borrowers. Therefore, there is a need to bring-in other sources of financing infrastructure investments.

In this context, development of the corporate bond market, reduction in entry barriers for financial technology, gradually reduction in SLR, and

liberalisation of investment regulations for insurance and pension companies would be steps in the right direction. This would further enhance the appeal of Mumbai as the Economic Capital Region.

Developing global economic clout: Greater use of the Rupee for trade invoicing would help contain the Cad and hence promote India as an exporter of capital -- another key requisite for becoming an IFC. For internationalization of currency, India would have to debate about making the Rupee fully convertible in a progressive manner.

Urban Infrastructure: While Mumbai has most ex tens ive transport networks, its infrastructure development hasn’t kept pace with

demands of the city. It has some excellent blueprints for development, but execution is often delayed due to limited land space and high density of population.

The challenges have multiplied as Mumbai’s vehicle population has shot up from under 7 lakh in 1991 to 21 lakh in 2013. The BMC reportedly has just 12,000 official parking lots for this ocean of vehicles.

Immediate need Encourage people to move from •using personal vehicles to public transport system.Create a single window body to •approve infrastructure projects in the city. According to Bombay First, 17 agencies are involved in the city’s governance.

(L-R):Sunil Mantri, President Naredco & Chairman, Mantri Realty and RanaKapoor, President, Assochamand MD&CEO, Yes Bank

(Contd. on pg 6)

September 01-07, 2014 6

INFRASTRUCTURE

Eaton’s Led lighting solutions at Mumbai airport’s

new terminal

Power management company Eaton announced that more than 4.8 km – totaling nearly three miles – of the io™ light-emitting diode (Led) lights from its Cooper Lighting Division have been installed in Terminal-2 (T2) of the Chhatrapati Shivaji International Airport in Mumbai.

The io Led products are designed for wall grazing, combining energy efficiency with optical performance excellence, helping the facility to earn Leadership in Energy & Environmental Design (Leed) Gold Certification.

“Our new terminal will not only be a high-traffic destination for travelers, but also a unique architectural design area packed full of energy-efficient products like the io Led fixtures,” said Saurabh Singh, Assistant Vice President -- contracts at GVK -- Mumbai International Airport Pvt Ltd.

Mumbai’s international airport recently opened the new T2 terminal which will see more than 40 million v is i tors annual ly and features decorated carpets, an art museum and bold designs. The io Led luminaire, which was specifically designed for wall grazing applications, was chosen after rigorous competitive mock-ups.

The lighting design challenge was to uniformly light a 6 meter high by 4.8 km long wall so that when a stainless steel decorative perforated panel was installed in front of the wall, the impact of the silhouetted stainless steel was visually powerful.

Given the enormous scale of this wall, achieving the visual affect while meeting the Leed Gold power density restrictions was a challenge. During the mock-up trials, solutions from the io product line only were able to uniformly light the wall from floor to ceiling while providing ideal optical efficiency. The io line™ series 2.0 product was the best solution to meet

the aesthetic and energy-efficient design challenges.

“Our award-winning Led io line series 2.0 is a perfect fit for this modern building, providing an ideal blend of energy efficiency and performance to help illuminate the architectural elements of this impressive terminal,” said Mark Eubanks, President, Cooper Lighting Division.

“The project leverages efficient solutions to provide a specially designed wall grazing feature that delivers exceptional light quality and uniformity to help enhance the terminal’s aesthetics,” he added.

Several other features of the io products led to their selection in the new T2 architecture, including the remote driver location to easily address maintenance issues; meeting strict testing standards; the Ingress Protection (IP) rating of IP66 to prevent against dust, insects, moisture and water; and the fixture’s adjustability to allow for precise aiming. The io patented optical assembly delivers a powerful 10-degree projection of light while consuming very little energy. Reduced power consumption and savings is a main component of Leed certification scoring, helping the airport to recently achieve its Leed Gold certification.

All the Led solutions are located in T2’s unique perimeter perforated wall display, the service core of the terminal and the vitrine display.

Eaton’s Cooper Lighting Division delivers a range of innovative and reliable indoor and outdoor lighting solutions, as well as controls products specifically designed to maximize performance, energy efficiency and cost savings. The lighting business serves customers in the commercial, industrial, retail, institutional, residential, utility and other markets.

PROJECTS UPDATE

Real estate developers feel that a limited number of ministries in the BJP-led Central government could fast track project clearances. R Chalapathu Rao, Vice President of the National Real Estate Development Council (Naredco), said,

“Getting no objection certificates has always been a tough task for builders in setting up projects. But procedures could be fast tracked as the number of ministries in the Central government has been cut.”

Rao was speaking at a meeting organized to announce the 12th National Convention and Real Estate

Awards on September 12 and 13, to contemplate on the issues associated with delivering affordable housing to all by 2022.

According to a KPMG report, India needs up to 9 crore houses for its population and requires an investment of $2 trillion to suffice the gap to achieve Modi’s aim of Housing for All by 2022. As per the same report in the 12th Five-Year Plan, India lacks Rs 1.87 crore houses in urban areas and Rs 4.3 crore units in rural areas, while investment worth $1.5 trillion was needed to suffice this gap.

IRB Infra bags toll collection rights on Mumbai-Pune e’way

IRB Infrastructure Developers has won the bid to develop toll collection booths on the Mumbai- Pune expressway.

According to sources, six bidders including IRB Infrastructure, were in the fray for the assignment where it has emerged as the winner. The other five companies were Ashoka Buildcom, ILFS, Essel Infra, Patel Infra and Reliance Infrastructure.

The existing concessionaire for the country’s first expressway is IRB Infrastructure. Sources said the rate of return for IRB Infra is likely to be

less than 2 per cent. The Maharashtra State Road Development Corporation (MSRDC) had invited financial bids from the six qualified companies and the last date for bid submissions was yesterday.

At present, IRB Infra is in charge of operation, maintenance and toll collection on the expressway, which has five toll stations -- Shedung, Khalapur, Kusgaon, Talegaon and Khalapur Connector. The company had purchased toll collection rights with an upfront payment of Rs 918 crore in 2004 and has a 15-year

concession period valid till August 8, 2019.

It also collects toll at four points on the old Mumbai-Pune highway at Sheelphata, Dehu Road, Shedung and Kusgaon.

As per the sources, the winning concession period for the current contract is 8 years and 10 months. The MSRDC also received sanction from the National Highways Authority of India (NHAI) for road-widening on certain stretches at Nigdi, Dehu and Panvel of the expressway.

L&T bags Riyadh Metro rail project

Larsen & Toubro (L&T) is gearing up to bid for the government’s ambitious bullet train project, said its Executive Chairman A M Naik. “We will certainly participate in the bidding of the bullet train project. We are already in talks with global bullet train manufacturers and technology suppliers for tie-ups. We will be much ahead than others when the project

comes for bidding. We will target that project,” said Naik at the company’s 69 annual general meeting (AGM) in Mumbai.

He said that L&T had emerged as the lowest price bidder for the Sardar Vallabhbhai Patel’s Statue of Unity project in Gujarat, though the contract was yet to be awarded. The company is also expecting bigger

Curbed ministries may fast track projects

Expedite implementation of key •projects such as Coastal Roads, Nhava-Sewri Trans Harbor Link, Navi Mumbai International Airport. The 22 km Trans Harbor Link will create increased entry and exit points for the city. Presently, there are only 4 entry-exit points. Explore intra-sea transport (like •ferries).

Low-cost housingAs elucidated above, Mumbai’s

gravitational pull is its position as financial capital of India and a f lamboyant metropol is. This commercial relevance of the city has

been a prime driver for its real estate industry.

With a slum population of around 50 per cent, more people live in Mumbai’s slums than in all of Switzerland. As per McKinsey, by 2030, Mumbai will be the most populous city in the world, with a population of 33 million. Hence, affordable housing space has a tremendous potential.

For Mumbai to become a world-class city, it must ensure that housing becomes more affordable, the rental housing market is revitalized, land is developed in an integrated manner and housing stock is upgraded.

Specif ical ly, there are some following suggestions:

Rehabilitate slums and encourage rental housing as an option for the

poorest of the poor. Government could develop low-income homes with nominal rent of Rs 3,000-5,000 per month.

Permit vertical growth by increasing FSI to an average of 3-4. This will also aid the commercial real estate market. Developed parts of international cities generally have an FSI of over 10.

Create special housing zones (on the lines of those in China) where government auctions public land on the condition that a certain fraction of it is developed into low-income housing. In Gujarat which has the largest stock of affordable housing in India, developers are encouraged to build affordable homes on public land with government subsidizing part of the building cost.

(Contd. from pg 5)

Mumbai

opportunities from infrastructure projects, including metro rail.

“We have also won two major prestigious contracts in the Middle East, for Riyadh and Doha Metro projects during financial year 2014, contributing significantly to the order inflow growth during the year. We are participating in bidding for further such prospects in the region,” he added.

He said the thrust on strengthening the rail network held good prospects for the company’s railways business. “We have already secured an initial order of Rs 7,000 crore in consortium with a Japanese company for a major section of the Dedicated Freight Corridor, and are bidding for more packages, and we are expecting total orders of Rs 20,000 crore. We are also exploring international markets, especially the Gulf countries,” added Naik.

On the outlook he said that despite the continuing slowdown, macro environment had shown early signs of recovery. With the dawn of a stable government the economy would improve gradually during this year.

September 01-07, 2014 7

ThyssenKrupp Elevator has sold more than 7,000 units of passenger t ransportat ion equipment, and services over 2,600 units related to Metro and rail infrastructure projects across the Asia Pacific region. The company is poised for continued growth in tandem with the area’s boom in building Metro and railway lines.

I n t h e p a s t d e c a d e , t h e construction of Metro systems and rail networks in the Asia Pacific region has kept pace with the area’s unprecedented urbanization. With China leading the way, public rail transportation across Asia is rising to world-class standards as countries including Korea, Thailand and India focus on investing in their cities’ infrastructure.

On fast trackThyssenKrupp is seizing this

momentum and has been on a fast track of expanding its business in this thriving market segment. The company has sold passenger transportation equipment which includes elevators, escalators, and moving walks to Metro and railway projects across more than 21 Asian cities.

“With mega as well as medium-size cities across the Asia Pacific reg ion vy ing to const ruct ra i l systems and alleviate their cities’ t ra f f ic congest ion , we expect continued growth in this dynamic market segment,” said Andreas Schierenbeck, CEO of ThyssenKrupp Elevator AG.

Since elevator and escalator access to train platforms is now indispensable for providing commuter convenience, ThyssenKrupp has successfully captured a substantial share of this rail transit market segment.

The company is able to provide the safest and most reliable solutions and services designed for rail systems, as illustrated by its 65 escalators in stations of Beijing Metro Line 15 operating at an amazing 99.99 per cent availability rate in 2013.

China rides highWhen all metro projects approved

by the government are built, a total of 38 Chinese cities will have at

INFRASTRUCTURE

ThyssenKrupp elevators and escalators ride the wave of Metro and rail boom in Asian cities

Thriving elevators and escalators market least one rail line by the year 2020. Currently, more than 180 Chinese cities have one million inhabitants. It has been estimated that by 2025 this figures will increase to over 240 so that there is huge further potential for infrastructure projects.

ThyssenKrupp Elevator has suppl ied approx imate ly 1 ,000 transportation units across Beijing’s metro system, which has come a long way since subway construction began there in 1965. The Metro network in China’s capital city has now grown to 17 lines, carrying over 10 million passengers on an average weekday. During rush hour, trains run at an impressive interval of just over 2 minutes.

escalators brings its total number of passenger transportation units in this southern city’s Metro network to 888. The 137 escalators will be installed in 16 stations along Shenzhen Metro Line 7, which extends to 28 stations and 30.2 km, connecting densely populated residential communities with urban commercial and business districts. The installation is scheduled for completion by December 2016.

Last year, Hong Kong’s MTR Corporation awarded ThyssenKrupp its second major order, to supply 74 escalators for the Shatin to Central Link Metro line. This follows a contract awarded two years ago for the supply of 71 escalators and 8 moving walks at the West Kowloon

Korea – 4 million passengers In South Korea’s capital, daily

passenger numbers in the subway system have grown from 230,000 when the first line opened in 1974, to the current 4 million, accounting for about 40 per cent of Seoul’s 10 million inhabitants.

During the 1990s, Seoul embarked on a dedicated project to expand its subway network, resulting in additional lines and over 160 km (almost 100 miles) of new rail track. ThyssenKrupp’s e levators and escalators have gained a significant presence in the city’s rail transport network, with 275 units installed along a single line – Seoul’s Metro Line 9. The company has also recently renewed its five-year service contract for these units.

Elevating to new levels By 2050, urban populations will

account for nearly 70 per cent of the global total, meaning that there will be a 2.5 billion increase in the number of city inhabitants, with the vast majority of growth expected in Africa, South America, and Asia.

As the move to cities increases at this rapid pace, efficient urban p l a n n i n g a n d i n f r a s t r u c t u r e

development are key factors in ensuring successful urbanization. Leading global companies l ike ThyssenKrupp are investing in the development of new technologies to contribute to the elevation of urban mobility to new levels.

T h e e l e v a t o r t e c h n o l o g y business area br ings together the ThyssenKrupp Group’s global activities in passenger transportation systems. With sales of 6.2 billion euros in fiscal 2012-2013 and customers in 150 countries, ThyssenKrupp Elevator is one of the world’s leading elevator companies.

With more than 49,000 highly skilled employees, the company of fers innovat ive and energy-efficient products designed to meet customers’ individual requirements. The portfolio includes passenger and freight elevators, escalators and moving walks, passenger boarding bridges, stair and platform lifts as well as tailored service solutions for all products.

Over 900 locations around the world provide an extensive sales and service network to guarantee closeness to customers.

The latest order ThyssenKrupp secured from Beijing Metro is for the supply of 329 heavy-duty escalators to Line 14. The company is the exclusive escalator supplier to this entire line, and the new installation is scheduled for completion by the end of 2015.

In Chongqing, an important transport hub positioned at the conf luence of the J ia l ing and Yangtze rivers in southwest China, ThyssenKrupp Elevator has provided the city‘s Metro system with about 800 units of transportation equipment.

Chongqing municipality has a population of approximately 30 million and a surface area comparable with the whole of Austria. The city’s first Metro line opened in 2004, and a network of up to 18 lines is in the pipeline.

The company’s recent contract to supply the Shenzhen Metro with 137

terminus of the Express Rail line, with a total area of over 380,000 square meters even larger than most airport terminals.

Thailand – 500 km of new rails

Although Bangkok already has an extensive public transit system consist ing of the BTS SkyTrain network, the MRT with elevated and underground lines, as well as a dedicated Airport Rail Link, the city is continuing to expand its rail transit network to a length of approximately 500 km (more than 300 miles), in order to alleviate its congested road traffic. ThyssenKrupp completed its first escalator installation for the SkyTrain in 1999, and the Thai capital’s rail transit operators have, to date, ordered more than 600 units of the company’s elevators, escalators, moving walks, and platform lifts.

September 01-07, 2014 8

Tata Value Homes to sell houses online

L&T Infra Finance to buy 20.23 hectares in Lavasa

Tata Value Homes, focused on affordable housing, has partnered with e-commerce major Snapdeal to sell houses through the online marketplace model. As part of the partnership, about 1,000 homes across projects in cities like Mumbai, Pune, Ahmedabad, Bengaluru and Chennai will be put up for sale on Snapdeal.

Ranging from 1 BHK to 3 BHK, the houses are priced between Rs 18-70 lakh. According to reports, one in every two online real estate searches is to buy property and there is a $43 billion market opportunity here.

“They started selling homes through their website last year in December and have already sold over 600 units.

L&T Infra Finance has signed an agreement with Lavasa Corporation to purchase 20.23 hectares of land at Mugaon town in Lavasa City, near Pune. The company, a subsidiary of L&T Finance Holdings, has signed an agreement with Lavasa Corporation for purchase of the land, with a development potential of 5 lakh sq ft at Mugaon.

Mugaon happens to be the second town being developed in Lavasa City after Dasve. L&T Infra Finance proposes to utilize this land for corporate

This partnership will help us take that to the next level,” said A Harikesh, Senior Vice President, Marketing & Sales, Tata Housing Development Company.

Upon possession of the house, customers through Snapdeal will get Rs 10,000 per month for a year as an assured rent (whether they stay on premises or lease it out) as part of the deal. Customers will have to register themselves on Snapdeal before making a booking, which opened on August 28. . Registered users can book a unit for Rs 30,000 and then our offline team takes over,” he said. However, the booking amount is not refundable in case the customer does not buy the house.

purpose and potentially for back-office requirements of L&T Financial Services, said G Krishnamurthy, L&T Infra Finance Chief Executive.

He said that Lavasa City represented the way new cities in India would come up and the company saw investment in this project as an opportunity to participate in its growth. Lavasa comprises five self-sustaining towns with a capacity to house a permanent resident population of around 2.4 lakh citizens and an estimated two million tourists per annum.

REAL ESTATE

Kolte-Patil to redevelop 6 lakh sq ft area in Mumbai Betting big on the Mumbai’s

residential redevelopment market, Pune-based realty player Kolte-Patil. Developers is expecting nearly 20-30 per cent of its revenues from this market in the next three years.

The company has a l r eady entered into agreements for three redevelopment projects in Mumbai’s western suburbs that have a total area of over 6 lakh sq ft and is eyeing a few more in areas such as Dadar-Chembur belt, Worli, Mulund, Khar, Bandra and Santacruz.

“With a strong vision to expand in Mumbai, we are looking at the huge scope available in the redevelopment segment. This strategy has proved to be very effective, and we are

confident that this will reap rewards across markets,” said Group Chief Executive Sujay Kalele.

He said the company is also in advance stages of entering into an agreement for a fourth redevelopment project. However, he did not disclose further details. He said there are around 52,000 buildings that can come up for redevelopment in future.

“The re a re a round 52 ,000 buildings, including societies and tenancy structures, which can come up for redevelopment in the next few years. This opens a huge opportunity for developers like us to generate good share of our revenues from the Mumbai market,” he said.

“Currently, nearly 90 per cent of our revenues are generated from our projects in Pune, and the rest from Bengaluru and Mumbai. But we expect the mix to change to 60-70 per cent from Pune operations, 20-30 per cent from Mumbai and the rest from Bengaluru in the next three years,” he said.

He added that the company was also planning to expand its presence in Delhi and Gurgaon. Kolte-Patil has developed and constructed 48 projects, including 35 residential complexes, 9 commercial complexes, and four information technology parks covering a saleable area of over 10 million square feet across Pune and Bengaluru.

Signs of growth in residential, office real estate: Study

“With a stable Central government, sops for the housing sector and other government decisions for economic revival seem to have changed the home buyer’s sentiment from negative to positive in the past three months,” said Gulam Zia, Executive Director, Knight Frank India.

The number of new project launches is expected to log a growth of 5 per cent during the second half of 2014. High unsold inventory and poor response received by the new projects launched during the second half of 2013 and first half of 2014 are expected to deter real estate developers from launching new projects.

According to the report the exceptions for the above would be Chennai and NCR markets which are forecast to see new project launches. Meanwhile, the office space market continued its recovery path over the

past two years with vacancy levels falling from 21 per cent in second half of 2012 to less than 19 per cent in the first half of 2014. According to Zia, for

the full year 2014 the absorption of office space is expected to touch 36.5 million sq ft up from 33.9 million sq ft that was absorbed in 2013.

Sotheby’s realty arm to develop its brand in India

Sotheby’s International Realty Affiliates LLC — a group company of global auction house Sotheby’s International — has signed an exclusive agreement with Delhi-based real estate consultancy firm RealPro to develop its brand in India by setting up a brokerage firm.

North India Sotheby’s International Realty is set to start operations in New Delhi from September 2014. Later, it will expand to Gurgaon, Noida,

Chandigarh and Jaipur. “India is one of the most exciting, beautiful and fastest growing markets in the world, with a developing luxury real estate market,” said Philip White, President and CEO, Sotheby’s International Realty Affiliates LLC.

“Expansion into India was one of our core objectives for this year,” said MD of the Asia Pacific region for the brand Sotheby’s International Realty Affiliates, Paul Boldy.

“The luxury residential real estate market in India is about to witness expansive growth and the Sotheby’s International Realty brand will meet the needs of high net-worth individuals internationally. India’s luxury residential market is poised to grow rapidly, supported by strong economic growth. We are in an ideal position to lead this growth,” said Amit Goyal, co-owner, CEO of RealPro.

Presidency Heights launched in in Noida

Real estate developer Presidency Infraheights Pvt Ltd has announced the launch of its first flagship, 100 per cent FDI-funded project ‘Presidency Heights’, slated to come up in the Sector 25 on Yamuna Expressway.

It is committed to make sectorial investment of Rs 2,000 crore in the region. The Rs 350-crore project will be spread over 5.5 acres of land and have 629 units with per unit size ranging from 1,270 sq ft for 2BHK to 1,850 sq ft for 3BHK.

The project is just a 20-minute

highway drive from Noida Expressway and is strategically located on one of the fastest-growing professional hubs of India and is adjacent to the Buddh International Circuit (BIC), 40-minute drive from Delhi.

Away from the hustle bustle of the city, this project has been designed by India’s leading architect Hafeez Contractor. The landscaping of the project has been done by Integral Designs, with PMC Consultant Mahimtura Consultants being the construction partner.

September 01-07, 2014 9

(L-R): Masanori Kanazashi, Renate Dirr and Gerald Henle of Liebherr with Koichi Sambonsuge of Yamagata and Christoph Kleiner of Liebherr

EQUIPMENT

bC India on firm ground despite difficult market

time, but we are very optimistic that a number of other companies will register to exhibit at the fair before it opens.”

Although the economic situation remains tense, several of the industry’s major manufacturers continue to take advantage of bC India as a presentation platform: Besides ACE, Amann, Aquarius, Bauer, BKT, Bomag, Herrenknecht, Kobelco and Liebherr, the companies that have registered for the fair also include Linnhoff, Liugong, JLG, Potain, Puzzolana, Sany, Schwing Stetter, Spartan, Terex, Volvo Penta, Wirtgen and Zoomlion.

The presence of the sector for formwork and scaffolding will be part icularly strong, and al l key players including Doka, KumKang,

Layher, Peri, Pranav and Ulma will be represented.

The third edition of the international trade fair for construction machinery, building material machines, mining machines and construction vehicles is very well received at the international level. There will be a total of seven joint exhibits -- from China, Germany, Great Britain, Italy, Korea, Spain and the Unites States.

Palka said, “The support of our international partners and their commitment demonstrate that India is still extremely interesting for companies from around the world. I am convinced that the market will pick up again and that we will be able to offer our exhibitors and visitors a first-rate exhibition in December.”

Now that India has formed a new government its economy once again looks to be characterized by an atmosphere of guarded optimism that is increasingly inf luencing the country’s construction and construction-machinery sector.

As a result, the upcoming Bauma Conexpo Show – bC India, which takes place at the India Expo Centre in Greater Noida -Delhi from December 15 to 18, 2014, will occupy some 120,000 square meters of space—approximately 30,000 square meters of hall space and some 90,000 square meters of outdoor exhibition space.

Igor Palka, CEO of the organizer, bC Expo India, said, “We understand that despite all the positive signs, the Indian market is still struggling at this

Potain crosses 5,000 tower cranes milestone in China

Manitowoc’s tower crane brand, Potain, has built more than 5,000 tower cranes at its manufacturing plant in Zhangjiagang, China. Malaysia-based YTL, a leading international construction company, purchased the 5,001st crane and a handover ceremony was held at the facility to mark the occasion.

YTL bought the MCR 225 A Potain tower crane from Inflextec Engineering, Potain’s Malaysian dealer since 2008.

YTL bought its first Potain tower crane in 1984. Today, the company operates a fleet of 10 MCR 225 As and is certain to buy more Potain cranes in future, as Yow Chee Keong, plant & machinery manager at YTL explains.

“We’ve had a Potain tower crane in our fleet since 1984, but we recently invested in seven new units because of the significant improvements that Potain has made,” he says. “They are extremely high performing cranes that are easy to use and simple to erect. We can also interchange masts and maintenance is easy. I am certain we will buy more Potain tower cranes in the future.”

YTL’s Potain cranes have been used on many major projects in Malaysia and Indonesia. Seven of the company’s new MCR 225 As were purchased to work on the Fennel Sentul project in Kuala Lumpur. The cranes will work 16 hours a day for the next three and a half years as they build four 43-story towers at the job site.

The cranes will predominantly lift pre-cast planking and steel walls

measuring up to 40 m in length. Three units are currently on site with the rest due to follow in the coming weeks. Once complete, the cranes have already been commissioned to build four 50-story towers at a nearby mixed-use development.

The Zhangjiagang plant opened in 2006. The Zhangjiagang factory employs the latest technology and precision machinery to produce cranes that match Manitowoc’s global quality standards.

Rapid growth in China meant manu fac tu re rs had to adap t accordingly. Price, although important, was no longer king. High-performance cranes packed with technology were in demand, and Potain was poised to serve this need, as Jean-Noel Daguin, senior vice president tower cranes at Manitowoc, explains.

“We mix Chinese manufacturing with European design to create the highest quality tower cranes in China,” he says. “All of our crane structures are manufactured locally,

but state-of-the-art technology is imported from our sister factories in France. With increasingly tight deadlines and demanding workloads, contractors favour reliability over cost. And our cranes deliver beyond their expectation.”

Today, the 60,000 m2 plant produces a wide range of Potain tower cranes, which range in capacity from 2.5 t to 25 t, as well as components for other Manitowoc crawler and Grove mobile cranes.

China-built cranes work on projects around the world, with more than 50 per cent of the factory’s output shipped abroad.

M a n i t o w o c ’ s h i s t o r y o f manufacturing in China can be traced back to 1984 when Potain established a licensing agreement with three state-owned-enterprises to build its tower cranes. In the mid-1990s Manitowoc set up a joint venture with the Ling Hong Group, which became a wholly-owned subsidiary of Potain in 2000 and was integrated into Manitowoc a year later.

Terex Environmental Equipment (TEE) has revealed details of the units that it intends to showcase at this year’s Recycling & Waste Management Exhibition (RWM 2014).

The TEE products to be displayed at the event include TRS 550 recycling screen and TDS 825 low-speed shredder. It will also use the show to provide further details of its move away from a North American-based distribution system towards global strategy.

TEE’s business line director, Martin Dummigan, said, “As part of the TEE business development, we have focused on expanding our distribution and product strategy into what we believe is a position of strength in the current marketplace.”

“We have made, and continue to make, significant investment in Terex Environmental Equipment, which includes product development, investment in facilities globally, and team-member resource,” he added.

The TRS 550, which features Spaleck technology, is a two-deck, high-performance recycling waste

screen designed and manufactured in Germany. The TDS 825 shredder, meanwhile, can be used for a diverse range of tasks, including applications within the fields of bio waste, municipal solid waste (MSW), construction, and demolition.

According to Dummigan, TEE has received renewed interest from the market of late, and the manufacturer hopes to capitalize on this momentum with its new products.

“Since the appointment of our international sales director, Conor Hegarty, we have received significant interest in our products from the rest of the world,” he explained.

“This is from both potential dealers and prospective new customers. We are delighted with our current aggressive product development strategy, which will see TEE taking a truly global approach in the wood processing, biomass, and recycling industries.”

RWM 2014 will take place at the National Exhibition Centre (NEC) in Birmingham, UK, from September 16 to 18.

Japanese firm buys Liebherr’s 50th LTM

11200-9.1 crane

(L-R): Jeff Yu, Marco Zucchet and Jean Noel-Daguin from Manitowoc handover the 5,001st Potain crane to Yow Chee Keong, Yap Hee Meng, Tan Hoe Leong and Tan Khai Beng from YTL

Hitachi Construction Machinery has revealed plans to showcase its EH1100-5 rigid-frame dump truck at the 2014 Mena Mining Show in Dubai, UAE.

The 65-ton class monster was released on the global market in April 2014. As the latest version of the EH1100, the model features an improved operator environment, increased serviceability, and a greater payload, according to Hitachi.

However, despite the EH110-5’s various enhancements, the machine also retains a number of successful

legacy features. Like its predecessor, the dump truck boasts long-life NeoconE/Helium suspension strut f lu id, a robot ical ly-welded box section frame, and trailing-arm front suspension.

The Middle East customers will also be offered a choice of tier-2 engines: the MTU Series 2000 and the Cummins QSK23. The truck’s body capacity is 41.5m3 when heaped.

The Mena Mining Show will take place at Dubai World Trade Centre from October 21 to 22, 2014.

Hitachi to showcase 65t truck at MENA Mining Show

September 01-07, 2014 10REAL ESTATE

Market concept of affordable housing

In the Indian context, affordable housing

as a market concept must refer to homes for people working in

urbanized areas

Regardless of how well the Indian economy performs or how well the job market does, there will always be such families in the country.

Who are these people? They are the ones no city can do without -- they are factory fitters and turners, construction workers, hypermarket assistants who bag groceries, household maids and drivers, roadside vegetable and newspaper vendors, ‘alteration’ tailors and rickshaw drivers, to name just a few.

Their skills and services are very important to the city, but their scope for income growth is inherently limited. They work hard for a livelihood and to educate their children so that they have

When we talk of affordable housing in India, we are not talking merely about cheap homes. If that were the only parameter to define, affordable housing, then houses in villages or in utterly remote outskirts with no back links to the main cities would qualify as ‘affordable’. Needless to say, homes in such locations tend to be affordable more or less by default, because of the low land prices and the leisurely nature of demand there.

In the Indian context, affordable housing as a market concept must refer to homes for people working in urbanized areas. Thanks to our cities’ economic activity spreading steadily outward, this does not necessarily mean that projects offering such homes must coexist with pricey developments in central areas.

To put a finer point to it -- affordable homes are needed wherever people find jobs that pay well enough for them to run their families, but not well enough to pay for financial indulgences that the middle- and upper-middle class can afford.

Benchmark of affordabilityIn what price bracket should such

homes fall? The rates for genuinely affordable homes in India should range between Rs 10 lakh and Rs 20 lakh. It is true that every city has its own benchmarks of affordability, but it is also true that there are fairly large families in every city whose combined income does not exceed Rs 15,000-20,000 per month.

the possibility of a better life, but they themselves rarely -- if ever -- manage to improve their own financial status quo.

A necessity, no dreamThe majority of these people,

collectively known as the LIG (lower income group) segment, live on rent in ramshackle chawls and slums. They are at the mercy of ruthless landlords, highly erratic water and electricity supply, public sanitary facilities and a very high risk of disease.

For them, owning a secure home with decent facilities in a modern project is more than just a dream -- it is a necessity. Such a home is also usually their sole source of financial

security, and the only tangible asset that they will be able to pass on to their children.

As a rule, what the Indian property market has to offer to this segment of people in most of our cities falls in the category of concrete ‘pigeon coops’ with thin walls built from substandard materials, no balconies, no common facilities or amenities, almost no security, and no play areas for children or open spaces of any kind.

Developers of such projects cut their costs in every possible manner and in turn overprice the flats within them, secure in the knowledge that they will still sell because of the severe dearth of affordable housing.

Innovative sourcingMaple Shelters’ Aapla Ghar

model was specifically formulated to put an end to this approach. By means of innovative sourcing of well-located plots and quality construction materials, maximum leverage of available government incentives and subsidies for affordable housing and unique project designs, it is absolutely

possible to deliver high-grade housing projects for the LIG segment.

These projects have everything that is needed to give their inhabitants a safe, wholesome, comfortable life -- generous flat sizes, open spaces, security, connectivity to their places of work, healthcare, means of entertainment and scope social interaction.

With a significant number of such projects already delivered on the ground, it has been indisputably proven that genuinely affordable quality housing is very much possible. The only question that remains is whether enough developers will now take up the clarion call so that the supply increases sufficiently. The scale that is required is massive if we are to even come close to meeting every Indian’s housing needs by 2022.

‘Housing for All’ meet on Sept 12

To discuss issues on the government's scheme ‘Housing for all by 2022’, the National Rea l Es ta te Deve lopment Council (Naredco) will organize a summit on September 12-13 with participation from all stakeholders.

The objective of the convention is to prepare a roadmap and discuss measures to raise funding to address housing shortage in the country.

According to the Technical Group on Urban Hous ing Shortage, the housing deficit in the country is estimated at 18.78 million units at the beginning of the 12th Plan. It is estimated to rise to 30 million units by 2022 if supply remains as per the current trend.

INTERIORS

‘Home Works’ a treat for interior lovers

Though the styles of her designs range from opulently verdant to sternly bespoke, Ambala-based interior designer Rubina Chadha offers both contemporary and classic décor that emphasizes crisp detail, luxurious comfort and timeless setting.

Recently, the designer launched ‘Home Works Studio’ at Ambala city. The 2,700 sq ft, well-designed store caters to lovers of interiors. ‘Home Works’, the designer furniture and interior service solution, specializes not only in designing of decorative accents, furniture and furnishings, but also in providing astonishing space concepts.

“Every individual has different dreams, and since we’re a versatile company, we fulfil all of them. There is a distinctive touch to everything that comes off the dream-assembly line at Home Works. The collections gives the impression of a delicate contemporaneity which integrates itself very strongly with classical strength and solidity. I want luxury to be brought to everyone,” says Chadha

Home Works Studio offers an exclusive, yet very personal service. The designer creates a seamless journey from conceptualization to execution to completion, always aiming to exceed expectations.

An extensive collection of Home Works furniture like bed, chest, sofa sets, consoles, centre tables, side tables, etc and décor accessories like wall art, mirrors, lamp shades, candle stands, centre pieces, and soft furnishing like bed sheets, curtains, cushion covers are available in the store.

Sachin Agarwal CMD, Maple Shelters

September 01-07, 2014 11INTERNATIONAL

New York to build oyster-populated breakwaters

Work begins on Grand Parkway office complex

Construction work has started on the first of five Class A office buildings in a new complex along the Grand Parkway in Katy, US. The project will be developed by a joint venture of Houston-based firms InSite Realty and Urban Construction Southwest, while Urban Construction will serve as the architect and general contractor.The entire complex will encompass 780,000 sq ft area covering 56 acres.The first building, spanning 83,912 sq

Design consultancy Parsons Brinckerhoff and architect Scape/Landscape Architecture have secured a $60 million grant to build a living breakwater in Staten Island, New York. The living breakwaters will comprise natural and manmade materials designed to be populated by oysters.

The breakwaters are formed from underwater banks made of stone and ECOncrete and create tidal

ft, will consist of two storeys.It will be 40 per cent preleased,

including 21,000 sq ft of space recently leased by Houston-based land services provider Percheron Holdings. The building is expected to be ready for occupancy by December.

Work on the project will be done in phases, with all the buildings low-slung featuring tilt-wall construction with two or three stories each.The project will be funded by Frost Bank.

flats. Oysters and other species will biogenically build reef systems by attaching themselves to structures and, gradually strengthen the breakwaters by accumulating in layers.

Breakwaters are expected to help mitigate the risk of coastal erosion along the New York seaboard by reducing the height of waves breaking onto the shore. They will absorb wave energy and create slow-moving water which will reduce floodwater and erosion.

London Underground to build northern line extension

London Underground has selected Ferrovial Agroman Laing O’Rourke to design and build the Northern line extension. The extension, spanning 3.3 km, will stretch from Kennington to Nine Elms and Battersea.

The six-year contract will cover the main construction works and is worth

nearly £500 million.The entire scheme, projected to cost up to £1 billion, will be financed entirely through developer contributions from Battersea Power Station and other developers, and a new Enterprise Zone from 2016.

The new extension wil l allow regeneration in the Nine Elms area

of south London and reduce journey times to the West End and the city by almost 15 minutes.The extension will also reduce pressure on Vauxhall station; support the existing Northern line south of Kennington, as well as offer wider access to leisure and employment opportunities.

RES Canada to build solar PV facility in Ontario

Renewable Energy Systems (Res) Canada has been chosen to build a solar photovoltaic (PV) facility dubbed GoldLight Solar LP, for Canadian Solar Solutions in Georgina, Ontario, Canada.The new 10 mw facility will provide electricity to the Ontario Power Authority under a 20-year Feed-in-Tariff contract.

The solar facility will enhance Res Canada’s Ontario solar FIT construction portfolio to 80 mw. At present, the firm has a wind energy construction portfolio of over 630 mw in Canada, including the 270 mw South Kent Wind project, Ontario’s largest wind farm.

Construction on Gold Light Solar LP is expected to commence by mid-2014

and the facility is slated to become fully operational by this year-end. The project will have approximately 200 skilled workers on site at the peak of construction activity.

Res Canada Vice President of development Peter Clibbon said, “Res Canada is pleased to be constructing its fourth project for Canadian Solar and expanding our FIT construction portfolio. Ontario’s investment in the FIT programme shows the province’s continued commitment to renewable energy that is guided by the principles in their Long Term Energy Plan: cost-effectiveness, reliability, clean energy, community engagement, and conservation and demand management.

Moldovan road network set for €670 m boost

A series of investments worth €670 million will be made to help improve Moldova’s road network with the assistance of the European Bank for Reconstruction and Development (EBRD).In total, 830 km of the country’s main road network is receiving support in a joint partnership venture from the EBRD, the EU’s Neighbourhood Investment Facility (NIF) and the European Investment Bank to enable the work, which will offer a significant boost to its economy.

According to recent EU studies, the existing road infrastructure has been assessed as among the poorest in Europe. The EU’s NIF scheme has been created to enable core infrastructure projects in the transport and energy sectors.

Under the initiative, Moldova has already received a share of a €70 million fund last year towards improving transport and water supply services within the country. Since it was established in 2008, NIF has invested

a total of more than €753 million on schemes across Europe.

Octavian Costas, senior banker at the EBRD’s Chisinau office in Moldova, felt the investment would prove extremely positive for the emerging Moldovan economy. He said, “Improved roads help to connect businesses and economies, but not only there are great benefits to the Moldovan people more generally, to whom this makes an enormous difference in their daily lives.”

The project will include construction of three natural and manmade breakwaters from Conference House Park to the Tottenville district of Staten Island. To prevent locals eating their breakwater, an ‘oyster cam’ will be installed which will monitor the safety of the bivalves. The project is yet to go through regulatory procedures with the city and state, and construction is expected to commence within two to four years.

Sheraton Centre Toronto to undergo $90 m revamp

Hong Kong welcomes new oversight of rail projects

Sheraton Cent re Toronto in Ontario, Canada has started a $90 million renovation project. The scope of the work involves a floor-to-ceiling refurbishment of the bui lding’s 1,371 guest rooms and suites, and replacement of all floors and wall f inishes in public corridors and hallways.

Further, there will be addition of a pair of new guest rooms. Following the upgrades, the guestrooms wi l l don r ich colours, graphic patterns and clean lines inspired

Hong Kong’s government has welcomed the Mass Transit Railway Corporation’s establ ishment of new committees to provide greater superv is ion of work.The move follows announcements of delays and increased costs in construction of the Hong Kong section of the Express Rail Link.

The capi ta l works and r isk c o m m i t t e e s a r e i n t e n d e d t o facilitate more in-depth and focused

by Sheraton’s brand design. The upgraded guestrooms and suites will also sport new case goods, seating, lighting, mirrors and window treatments, wall mounted 50 inch flat panel TVs, and white Sheraton Sweet Sleeper bed.

There will be wired and wireless internet connectivity in all the guest rooms. Moreover, the revamped property will be equipped with a new energy-efficient HVAC system which will enable guests to control the thermostat in their room.

supervision of the progress of projects and overall risk management.The government said that this will be conducive to the company’s long-term development, strengthening i ts corporate governance and enhancing its overall performance.The government also urged the company to review its corporate structure and operation and to make necessary reforms.

September 01-07, 2014 12

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EvENTS

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EvENTS Delhi hosts meet on common effluent treatment plants

The Confederation of Indian Industry (CII), in association with the Deutsche Gesel lschaft für Internat ionale Zusammenarbeit (GIZ) jointly organized the National Conference on ‘Common Effluent Treatment Plants in India: Issues, Challenges, Opportunities & Way Forward’ in New Delhi.

Addressing the gathering, Dr Manju Raina, Director (Scientific), Ministry of Environment & Forests (MoEF), Govt of India, made a strong plea for another phase of evolution of CETP in the country embracing an integrated approach of performance.

She also highlighted the various issues plaguing the eff icacy of CETP due to lack of proper planning mechanism. At this juncture, she felt setting up pilot CETPs can go a long way in addressing concerns of small scale industry towards the emergence of a feasible and tested mechanism towards waste water management in a holistic manner.

Dr Dieter Mutz, Director, Indo German Environment Partnership (IGEP), Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH (India) reckoned waste water as a resource for the future due to increasing pressure from various sectors on limited freshwater.

Acknowledging industrial waste water treatment as a complex process, he mentioned the need for trained personnel, which is imperative for efficient performance of CETPs. Dr Mutz urged the stakeholders to consider replicating the efforts of MoEFCC towards addressing the issue of waste water being discharged into the River Ganga.

In limited parts of the country

wastewater management has been successful, but a structured framework to ensure efficient management of waste water by the states is yet to be mooted, quipped the speaker.

Nazimuddin, a senior environmental engineer, mentioned that some of the main reasons for sub-optimal performance of CETPs was due to inadequate design and change in quality or quantity of effluent and improper operation and maintenance of CETPs.

In the context of looming water challenge, waste water management is crucial for the SSI for their sustainability and growth, said Nikhil Sawhney, Member, Advisory Board, CII-Triveni Water Institute and Director, Triveni Engineering & Industries Pvt Ltd.

He informed the gathering that CII-Triveni Water Institute is in the process of publishing a reference document for successful operation & maintenance of existing CETPs and speedy replication of successful CETP models across the country.

Dr Kapil Narula, CEO and Executive Dircetor, CII-Triveni Water Institute reiterated the need for pilot testing before full scale implementation of CETPs, performance audit of CETPs through a third party system and also mentioned about CII-Triveni Water Institute’s joint programme with GIZ on development of ‘Certificate Programme’ for training waste water

September 11-13, 2014The Big 5 Construct IndiaBombay Convention Centre, MumbaiIt will provide the ideal platform for influential architects, contractors, consultants and engineers to share ideas about innovative construction tools and services. Contact: DMG: Events. PO Box No 33817 Dubai, UAE

September 19-21, 2014 Automation & Robotics Expo 2014 The Auto Cluster Exhibition Centre, Chinchwad, H-Block, Plot C-181, Chinchwad, Pune 411019 An international automation & robotics conference & exhibition showcasing one of the best available technologically empowered equipment, machineries & services catering to Factory Automation, Robotics, Industrial Automation, System Integration, Field Automation, Drives and Controls, Logistics, Hydraulics and Pneumatics, Building Automation, etc. Contact: IBK Media, 224 Pranik Chambers, Sakivihar Road, Sakinaka, Mumbai 400072 Tel: +91-22-28574011 web: www.ibkmedia.com

October 4, 201419th One Full Day WorkshopThe Institution of Engineers (India), Mahalaxmi, Mumbai Workshop on Jirnoddhara of RCC buildings which contains Structural Audit, Upgrading (House - Keeping, Regular Maintenance, Repairs, Rehabilitation); Fixing Leakage and Waterproofing of existing RCC buildings and a total new concept to construct RCC durable buildings without leakage with practicals on acrylic polymer-based flexible membrane waterproofing system. Contact: Jayakumar Jivraj Shah, Single Faculty Course Conductor, 203, Wing-B, Lakshmi Apartments, Corporation Bank Building, Behind Anand Nagar, Dahisar (East), Mumbai 400068. Cell: 919819242649 Phone: 28483541/9819242649 jjshah123123@rediffmail.com The Institution of Engineers (India), Mahalaxmi, Mumbai Phones: 022-23543650/23542943 Mobile: 09820392726

November 6-8, 2014ConMac 2014Khanapara Grounds, Guwahati, Assam In order to provide a platform for the construction equipment industry and to showcase the technology available for accelerating infrastructure development of North-East India, the Confederation of Indian Industry (CII) will present ConMac 2014, a construction equipment & construction technology trade fair. The Indian Construction Equipment Manufacturers’ Association (ICEMA) is the sector partner for the event. Contact: J I Mahesh Kumar Tel: +91-9789814046 j.i.maheshkumar@cii.in www.conmac.in

November 13-15, 2014,World of Concrete India 2014HITEX Exhibition Centre, Hyderabad Business opportunities, networking services, one-to-one meeting with potential customers and presentation of some of the important products like aggregate processing, aggregates, anchors & fasteners, batching equipment, cleaning materials & equipment, coatings inspection, measurement, coatings, stains, sealers, computer hardware, software, cranes, cutting & drilling, decorative concrete, demolition equipment & materials by the exhibitors will be some of the highlights of this event. World of Concrete India will be attended by construction engineers, technical and professional experts related to concrete industry. Contact: Vivek Tyagi, Project Manager, Inter Ads Exhibitions Pvt Ltd. Tel: +91-124-4524207, +91-124-4524219 (M) +91 9871367808 Fax: +91-124-4524234 vivek.tyagi@interads.in http://worldofconcreteindia.com

December 3-6, 2014IMME 2014Salt Lake Stadium Grounds, Salt Lake, KolkataThe event provides an ideal forum for miners, planners and policy makers to discuss various issues affecting the mining industry in the Asian region in particular, and also in the rest of the world. The event provides an excellent business opportunity for manufactures of mining and allied industry to showcase their technologies, new initiatives, products and services to global audience.The event is a unique platform for entrepreneurs, government officials, investors, traders, equipment buyers & suppliers, miners, engineers and son. Contact : J I Mahesh Kumar Mob: +91 9789808994 Email: j.i.maheshkumar@cii.in

December 5-7, 2014Zak Glass Technology Expo 2014Pragati Maidan, New DelhiZak Glass Technology is the most important event for the glass industry in India and South Asia. It is the leading fair for glass and glazing technologies. As the most important communication platform for the glass industry, the show provides with everything that a special fair has to offer. It is an ideal place to find new, innovative and exciting products related to the glass industry. Contact: Samrendra Kumar, Asst Manager, Zak Trade Fairs & Exhibition Pvt Ltd, F-25, Ground Floor, Kalkaji, New Delhi 19 Mob: +91 99530 02884 samrendra.kumar@zakgroup.com www.zakgroup.com

operators of CETPs and ETPs in India, to be rolled out in 2015.

Discussions at the conference focused on various facets relating to CETPs in the country such as technology and interventions required, management issues, business environment and effective business models for successful implementation of CETPs. A panel discussion on pol icy f ramework for common effluent treatment plants witnessed intense deliberations amongst all the stakeholders.

Raghu Babu Nukala, Senior Technical Advisor & Programme Coordinator, GIZ- IGEP shared some key policy interventions for promot ing susta inable CETPs across the country. These include, promoting energy efficiency; market development; promotion of research and development; facilitation of skill development; grant subsidy for promotion of CETPs; promotion of zero liquid discharge; and promotion of recycled and reuse of treated waste water.

The conference was attended by over 180 delegates comprising industry from the National Capital Region, CETP operators, State Industrial Infrastructure Development Corporations, State Pollution Control Boards, Central Pollution Control Board, ministries in the Central government and industry associations.