| Besides, the company is planning to promote at least nine more fal-g bricks manufacturing units in this region. |
| Andhra Pradesh has about 2,000 small-scale units producing about 4 billion bricks per year. The demand for these brick is about 30 billion a year. The state government itself would require 2 billion bricks (each brick size is 12x8x6) per year for its Indiramma housing programme. |
| The Indian market is so huge that even if 500 mechanised plants at a capacity of 30 million bricks per annum are promoted, it would make a mere penetration of 10 per cent. |
| N Kalidas, director, Eco Sphere Building Materials Private Limited, said the company would set up the unit with the help of international agencies. |
| "A unit with a production capacity of 2-lakh bricks a day would bring down carbon dioxide emission to 68 tonnes every day. And we can earn Rs 27,000 per day as carbon credits from international agencies like the World Bank under the Clean Development Mechanism programme," he said. |
| Some small-scale fal-g brick manufacturing units here are already earning carbon credits from the World Bank, he informed. |
| Of the Rs 10-crore, Eco Sphere will invest Rs 3 crore as their equity while France-based funding agency, Proparco, will provide Rs 3.37 crore for plant and machinery. The company would get Rs 30 lakh from the World Bank R&D fund for solar system. |
| WB has also agreed to give Rs 1 crore towards advance for the carbon credit revenue under the Clean Development Mechanism and about Rs 2.30 crore would come from other financial institutions as project loans, Kalidas said. |
| "We expect a turnover of Rs 5.68 crore from this project a year apart from Rs 56 lakh carbon credit revenue under the clean development mechanism," he added. |
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