'Enhanced infra will reduce rural-urban gap'
— G.R.K. Reddy, Chairman & MD, Marg Ltd
Marg's impressive portfolio showcases infrastructure
projects as diverse as IT parks, power, ports, roads, retail, commercial and
residential. G.R.K. Reddy speaks to Dilip S. Phansalkar about some
key projects the company has undertaken.
How many IT parks has Marg constructed, and what's on the
Marg has completed construction of three IT parks spread over 5.44 acres
covering an area of 0.7 million sq. ft. The space is leased to Satyam Computer
Service, Tata Consultancy and Scope International. On the anvil are IT parks
planned within Marg's new city - Swarnabhoomi which encompasses two SEZs, one
for multi-services and the other, light engineering.
Marg and Hudco had signed an MoU for a fishing harbour project in Kanyakumari
district. At what stage is the project?
The fishing harbour at Rajakkamangalam is planned to be a joint venture between
Rajakkamangalam Thruai Development Trust; Marg and Consolidated Construction
Consortium. The project work will commence in May 2008 and construction of the
harbour will take around 2 years. At present, we have appointed L&T Ramboll to
do a detailed project report and to carry out all necessary tests and surveys
required for the project. The initial design and drawings for the harbour have
already been done by them and the same has been submitted to the Fisheries
Marg is building Karaikal Port project. How is it progressing?
The port in Karaikal is developing very well. Work is in progress with the
creation of the channel, breakwaters and preparation of berths. The first phase
of Karaikal Port is planned to be operational by early 2009.
The company has also acquired a cutter suction dredger, 'Marg Cauvery.' The
event also marks entry of Marg into the fast-growing dredging industry. The
dredger has a capacity of 2,000 cubm per hour. A non-propelled cutter suction
dredger, it can dredge at depths in the range of 5 to 25 m. The vessel designed
to 1191 GRT/ 358 NRT is of 73.20 m length and 15 m in breadth with keel to mast
height of 12 m. The dredger is presently deployed in the dredging works of
Karaikal Port being developed by us.
In February this year you announced the launch of a mega infra project called
Marg Swarnabhoomi. Tell us more about it.
Marg Swarnabhoomi is a city with the promise of plenty, peace and prosperity.
The complex is strategically located off ECR (east cost road) with a scenic
ambience in the midst of large water bodies. It encompasses 2 notified SEZs
designed as engines for economic growth and wealth creation. Spread over more
than 1,000 acres, the 2 notified SEZs have 'multi services' and 'engineering
sector,' including auto ancillaries. Designed as a global inclusive city with
world- class civil and social infrastructure, Swarnabhoomi delivers the perfect
setting for a work-life balance while promoting the walk-to-work concept.
The SEZ projects will cover 612 acres and Marg group has purchased in excess of
1,000 acres of land outside the SEZ for a wholesome development of the zone.
Basic infrastructure for SEZ projects like road connectivity, power supply,
sewage treatment facility and water supply is planned to be completed by 2009.
The mega infrastructure project will be completed in 3 phases; the first phase
by December 2009, followed by phase-II March 2011 and then fully by December
Located in Latur block, Cheyyur taluk, the project will be an engine for massive
employment generation. Swarnabhoomi is expected to generate employment for over
1 lakh people once the SEZs are fully developed.
What are your expansion and diversification plans?
Infrastructure will drive the second generation of reforms in India. Enhanced
infrastructure will work to reduce the gap between rural and urban economies.
Equitable growth could lead to open democratic societies. There is tremendous
potential lying ahead for Indian infrastructure and the real estate market and
an urgent need for private players to participate in building national
infrastructure. India needs a lot of infrastructure hardware i.e. superlative
roads, bridges, public transport systems, ports, power plants, airports, high
speed railways and so on.
An ISO 9001:2000 certified company; Marg is one of India's fastest growing
companies. Soon into the future, the company will grow to be a leading global
infrastructure and realty major. The company has championed regional development
with the launch of its mega infrastructure projects, Swarnabhoomi and Karaikal
We have a blueprint to extend our business footprint pan-India across tier-2
cities and soon onto global presence. As an organisation, we will foster a
culture of innovation and dynamism in business development and earn recognition
as the best workplace in the sector and in India. The group's business verticals
are broadly classified as port & logistics, industrial clusters, commercial
infrastructure and homes, and the business thrust will be focused accordingly.
What is the company's USP?
Our USP or the driving force is the Spirit of Visioneering. This force is the
moral fiber, the lifeblood of Marg. The attitude earlier represented our
foresight which was to identify opportunities first, ahead of other players, in
the marketplace. Over time it has emerged as the attitude that keeps our focus
on continuously envisaging who our customers are going to be and what their
needs just might be. This way of thinking is well illustrated in all our
projects and endeavours.
Swarnabhoomi, a future city, will prove to be a winner for future citizens of
Chennai. A new city which arrests the rupture of a beautiful city like Chennai
and gives people an opportunity to live life to the fullest in a new city geared
with the requisite civic and social infrastructure. Affordable housing in the
new city is a brilliant tool for corporate customers to address employee
attrition by offering homes in the vicinity of the workplace. For the salaried
class, it would be a dream come true to own a home in a global city.
Tapovan, a silent garden, has emerged as a perfect antidote for stress that
celebrities and other professionals encounter every day.
Leading the transformation in the hinterland is Karaikal Port. The port is
planned to emerge as the finest port on the East Coast of India and will raise
the bar for other ports on the anvil. Geared for international maritime trade,
technology will be the backbone of the port. A riverside mall, including
multiplex and business hotel on the IT corridor will be a godsend for the over
4,00,000 people working and living in the neighborhood.
Reaffirming the corporate philosophy of inclusive living, GLSDI will train 5,000
youth in the villages surrounding Swarnabhoomi. This initiative will enhance
employment opportunities, create entrepreneurs and herald the promise of a
better life for the local community. And as it is said, that true success is
only when it is shared equitably. A pool of trained workforce in the vicinity
will be a boon for the industries as they set up operations in the SEZ.
Recognising that it is ultimately people who drive transformation, the
organisation is geared up with a human capital of over 300 people with
experience across numerous sectors.
[May 19-25, 2008]