Company to work closely with Australian Trade Commission to explore business opportunities in Australia
MARG Limited, India’s fastest growing integrated infrastructure company, today announced that it will work actively with the Australian Trade Commission through BCA (Business Club Australia), with a view to connecting with potential Australian Business Houses & Universities to further the company’s business ventures in Australia and India.
BCA is the Australian Government’s official business networking program around truly global sporting events. This program is owned and led by the Australian Government’s trade and Investment development agency, the Australian Trade Commission.
The objective of BCA is to:
- Promote Australia internationally as a strong business partner
- Target and promote strategic industry sectors around specific events
- Provide a platform for business matching services for Australian Clients
At the backdrop of the CWG games being held in India, BCA has organised a platform at the Australian High Commission wherein Indian Business houses and Australian counterparts participate to network with each other & explore the different possibilities of doing business in the different sectors. People at the top echelons of several companies (both private & public sector) gather at the venue and exchange thoughts and possibilities of business ventures.
Speaking on the occasion Mr. GRK Reddy, Chairman & Managing Director, MARG Group said, “Australia is a globally competitive location for business. Strong institutions, flexible markets and effective and well-targeted economic policies provide a very solid platform for business. In addition, political stability and a sound regulatory climate strongly support business growth. At MARG we believe in making commitments based on our conviction, and seeing them through ‘no matter what’. The primary goal of MARG is to increase stakeholder value. With strong support from BCA, we hope to explore business possibilities with and in Australia in the fields of mining, vocational training collaboration and development of water sports. We are thankful to Austrade for providing us with this wonderful opportunity.”
BCA India 2010 includes business matching activities through a highly targeted industry specific mission.
MARG will explore opportunities in the following 3 spaces with and / or in Australia:
- Vocational Training Collaboration: Vocational Training Collaboration: Indian Infrastructure sector is undergoing a major transformation. The Indian Government led initiatives like the DMIC & the DFC will entail an expenditure of more than 100,000 Crores INR (Ref Mr. Amitabh Kanth, Chairman DMIC), over a decade. But our country is lacking the trained manpower resources who will be executing this at the forefront. There is a huge shortage of trained manpower in the trades of construction, Engineering related disciplines. This is because the Vocational training platform in India is not a well established one and is not integrated with the Industry.
Australia has innovative approaches in Vocational training. Trades Training Centers which is part of Schools program, a $2.5 billion initiative designed to address Australia’s skills needs by providing greater opportunities for secondary students to participate in vocational education and training while still at school. We are working with Austrade in finding the right partners for establishing a Vocational training platform which will help in bridging the skilled manpower resources gap in India. We at Marg Swaranbhoomi are working with Indian Corporate & Australian Bodies in creating world class Infrastructure and establish high quality standards in bridging this resources gap. - Mining: Mining in Australia is a major Industry as the country is rich in mineral reserves like coal, gold, iron ore etc. A lot of Indian companies also import coal & iron ore through the eastern coast of India. Looking at the huge Energy needs of India in the next 2 decades, a lot of Indian conglomerates over the last few years have invested in Australian mines and many more will do so to get strong linkages in the domestic operations. We are touching base with different organizations & Institutions with Indian Corporate & Australian companies to give a major boost to both creating supporting Infrastructure for Mines in Australia and also on the cargo business at our ports where over 80% of the bulk Cargo consists of Coal.
- Development of Water Sports: Australian universities like Australian National University are ranked in top 20 in world when it comes to water sports. They are analyzed on their deliverables, alumni feedback and industry feedback etc. Since there is a huge demand for skilled professional in different water sports in India, Australia Universities & Sporting Bodies are the ideal choice to tie up with to start up a world renowned water sports academy at MARG Swarnabhoomi.
ABOUT MARG LIMITED
MARG Limited (BSE: 530543), incorporated in 1994 and headquartered in Chennai, is an infrastructure, real estate development and services company. The Company is listed on the Bombay Stock Exchange and its shares are traded on the NSE under the category of ‘Permitted Security’.
MARG’s businesses are organized under 4 distinct business verticals – Marine Infrastructure & Services, Urban & Industrial Infrastructure, EPC and Real Estate. MARG is strategically developing greenfield ports on the Eastern Coast of India. The Karaikal Port is currently operational with a capacity of 5.2 MMTPA (Million Metric Tonnes Per Annum) and phased expansion is underway to eventually scale up to 47 MMTPA. The Company has also been awarded a contract to develop a Minor Port cum Ship Repair Yard at Mugaiyur. In addition to marine infrastructure, MARG also offers related services such as dredging and logistics. MARG Swarnabhoomi, the Company's flagship project in Urban & Industrial Infrastructure, is being developed as an inclusive city based on the principles of New Urbanism, with unique offerings for Business, Living & Learning. The Company's EPC division provides integrated turnkey solutions for Greenfield and Brownfield projects pan-India serving clients such as L&T, BHEL, Indian Oil, HP among others. MARG's Residential Real Estate business, under the umbrella brand MARG ProperTies, offers homes across multiple segments with focus on affordable housing. Malls, IT Parks and Office Spaces constitute the Company's Commercial Real Estate business. MARG is also expanding its sectoral presence with Airport projects in Bellary and Bijapur and a Multi-Level Car Park (MLCP) in Chennai.
The Company, currently employing over 1000 people, is ISO 9001: 2008 certified for carrying out activities in planning and development of commercial, residential and turnkey projects. MARG Ltd. and/or its subsidiaries have offices in India, China and Singapore.
More information on MARG is available on http://www.marggroup.com
