MARG Constructions Limited, a leading infrastructure & real estate development company presented the corporate plans to build a ‘future ready India’. Speaking at a media roundtable, Mr. G R K Reddy, Chairman & Managing Director, MARG Constructions Limited, said” Inclusive infrastructure is the true need of the nation and it will play a pivotal role in bridging the urban – rural divide in the country. MARG’s corporate roadmap encompasses development of seaports and its allied logistics businesses; industrial clusters with SEZs, commercial real estate including technology hubs, destination malls and serviced apartments. On the anvil is an aggressive foray into affordable housing across South India”.
He added, “MARG has identified select semi-rural geographies in South India which we believe will soon emerge as the new micro cities of India. Based on our internal potential-mapping studies, we are certain that soon the metropolitan cities would grow towards these geographies in the near future”.
Recently, MARG, in association with the Great Lakes Institute of Management launched the ‘Centre of Excellence for Infrastructure’. The company will make an investment of Rs.3 crore, in setting up the Center of Excellence for Infrastructure in Chennai. The programs developed at the Centre would be mindful of the unique socio-economic and cultural diversity of the nation. The programs would also incorporate grassroots realities and help to create an inclusive infrastructure which is the need of the nation.
MARG is committed to identifying opportunities in the infrastructure sector to create maximum value for its stakeholders. The company’s recent acquisition, ‘MARG Cauvery’ a cutter suction dredger marks a significant event in MARG’s evolution as an all-round infrastructure developer and signifies its entry into the promising dredging industry, which is expected to rapidly grow with the expansion plans of existing ports and development of new ports in the country. MARG CAUVERY with a dredging capacity of 2000 cubm/hour would initially be deployed in the dredging works of Karaikal Port.
MARG’s Karaikal Port project, a state-of-art all- weather port is emerging as a successful example in Greenfield port development. As the finest port on the east coast of India, it will unleash the economic potential of central Tamil Nadu and Puducherry. MARG forged an alliance with Pembinaan Redzai Sdn Bhd, a leading Malaysian entity, to explore potential co-operation on a variety of areas for the Karaikal Port project.
MARG has approvals for two special economic zones near Chennai. The SEZ projects spread over 612 acres, are an SEZ for the Multi-Services Sector and another for Light Engineering including Auto Ancillary. The SEZs are being developed as integrated townships. The project has inherent strengths; which are its strategic geographic location, excellent connectivity by sea, air & road, an investor friendly state and an abundant pool of technical manpower.
Other near term plans of the company comprises the development of Malls, Serviced Apartments and IT Parks in the commercial real estate space. The company is exploring projects to develop industrial clusters and corridors in South India. MARG recently also announced its first venture into the real estate luxury market with the launch of ‘Tapovan’. Positioned as the Silent Garden, the signature project ‘Tapovan’ is a new concept in living. Designed to be a weekend home, a think pad, a place to connect with friends and family, Tapovan will usher in a new way to beat the city stress. With the enthusiastic response to the launch, the company is exploring launching “Tapovan” projects across South India.
Over the last one year, the company human capital has grown three-fold given the aggressive growth plans on hand. The repository of experience is over 3000 man years and the team includes high caliber engineers, business & marketing post graduates, lawyers and CAs.
About MARG Constructions Limited:
MARG Constructions Limited is among India’s fastest growing diversified Infrastructure development companies. Established in 1994, MARG Constructions Ltd is listed on the Bombay Stock Exchange and the Luxembourg Stock Exchanges (FCCB). The MARG group employs 300 people.
The company pioneered Infrastructure Development on OMR, Chennai’s IT Corridor. MARG constructions is developing the Karaikal port near Puducherry and also Swarnabhoomi, Special Economic Zones for multi-services and light engineering including auto ancillary. MARG’s prestigious clientele includes market leaders such as Standard Chartered Bank (Scope International), Tata Consultancy Services, Satyam Computer Services, BHEL, Enercon India and Slash Support Systems. The company’s business roadmap encompasses development of SEZs, Ports, Townships, IT Parks, Malls, Serviced Apartments, Hotels, Homes, Resorts, and Roads.
