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India's real estate and infrastructure
sector has been a catalyst in India's accelerated economic
growth, creating a plethora of opportunities in its
wake. It is also the second largest employer, next only
to agriculture, and supports over 200 ancillary industries.
The Indian real estate sector is growing at 30 per cent
annually. It is currently estimated at $14 billion and
is slated to touch $102 billion by 2017. In the next
five years, government estimates show $330 USD billion
dollar investments are required in infrastructure projects,
based on the "P-P-P" approach (Public Private
Partnership) and other funding methods. Many states
are today encouraging private sector participation.
However, with the private sector bringing in the capital
and the much-needed technical and managerial expertise
in formulating and delivering good quality realty and
infrastructure projects, the role of the government
is viewed only as a facilitator.
In keeping with the Tata philosophy of
leadership in sectors of national economic significance,
the Tata Group identified the most promising opportunities
for growth in the Indian real estate and infrastructure
arena, and setup Tata Realty and Infrastructure Limited
(TRIL) as a 100 per cent subsidiary of Tata Sons, to
serve as the Group's real estate and infrastructure
development arm. Tata Group is one of India's largest
conglomerates, with a total market capitalisation of
nearly $55.1 billion, and 107 operating companies in
seven business sectors, employing over 250,000 people
worldwide.
Real estate projects have been identified
as the initial focus area for the company, which include
projects of Group companies, and market opportunities
currently under review which include infrastructure
projects focusing on airports, urban infrastructure,
roads and bridges, etc. An offshore fund of $1 billion
is in the process of being setup to finance these initiatives.

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