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<title>Press Release / varma / Commented Releases</title>
<link>http://www.newdesignworld.com/press</link>
<description>Free Press Release</description>
<pubDate>Thu, 29 May 2008 03:02:03 -0400</pubDate>
<language>en</language>
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<title><![CDATA[MAK Plans To Float Construction Arm]]></title>
<link>http://www.newdesignworld.com/press/story/2761</link>
<comments>http://www.newdesignworld.com/press/story/2761</comments>
<pubDate>Thu, 29 May 2008 03:02:03 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/2761</guid>
<description><![CDATA[Hyderabad-based MAK group, with interests in real estate and hospitality industry, is mulling over the idea of setting up a construction arm to handle the construction activities of all the subsidiaries operating within the group. Speaking to FE, Murali K Reddy, chairman and one of the promoters of the group said, right now the construction works for the real estate projects of the group are being outsourced to contractors. &quot;We are thinking of floating an entity within the group which can do the construction works for the subsidiaries. Sunway City Berhad, Malaysia, our partner for the gated township project which is coming up near the Hyderabad International Airport has a seperate entity to perform the construction activities for the subsidiaries within the Sunway group. We are trying to replicate this model in our organisation and this should give us an edge,&quot; he said adding the challenge for any real estate players today is availability of skilled manpower. And the attrition rate is pretty high in the industry. If the construction arm is in place to handle the inhouse requirements then the group would be able to improve the sustainability and profitability levels. &quot;We will be able to bring in our core values if we have a separate construction entity. The entity can initially look at the works of the subsidiaries and at a later stage can be used to do projects outside the group. We want to do this business. Infact we are looking for a right candidate who can build and head this business with our guidance,&quot; he said. Talking about private equity (PE) funds, Mr Reddy said lot of PE players have come forward to invest in the projects of the company. &quot;But we have not given green signal to any of those people because right now there is no dearth of funds for the projects that are on hand. We will explore this route for our future growth story,&quot; he added............For Latest Real Estate News:  http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=News At Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)For More Information about Real Estate Hyderabad, India visit: http://www.maaproperties.com/<br/><br/>1 Vote(s) ]]></description>
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<title><![CDATA[Taiwan in talks with AP for 2,500 acre SEZ in Hyderabad]]></title>
<link>http://www.newdesignworld.com/press/story/2472</link>
<comments>http://www.newdesignworld.com/press/story/2472</comments>
<pubDate>Thu, 01 May 2008 02:50:56 -0400</pubDate>
<dc:creator>varma</dc:creator>
<category>World &amp; Business</category>
<guid>http://www.newdesignworld.com/press/story/2472</guid>
<description><![CDATA[The Republic of China, popularly known as Taiwan, is in talks with the Andhra Pradesh government to set up a 2,500-acre SEZ, with an initial investment of $600 million.  The proposed SEZ will host businesses from diverse areas such as Information Technology, food processing and shoe manufacturing, to name a few. While capital has already been raised for the project, the Memorandum of Understanding is expected to be inked sometime next month.Mr Andrew L.Y. Hsia, representative, Taipei Economic and Cultural Centre in New Delhi, who was in Bangalore to co-host a conference on the theme a4Taiwan in the 21st Century' told this correspondent that the Taiwanese are also talking to the governments of West Bengal and Tamil Nadu to set up similar SEZs there there.  Taiwanese officials are also discussing the MoU on avoidance of double taxation with India. Although both countries have reached an agreement, the MoU has not been formalised yet.While most of Taiwan's foreign investment, amo-unting to nearly $350 billion, have flown into China, Taiwan is now training its radar on Indian shores for fresh investments. According to Mr Hsia, China is fast losing its sheen as an investment destination for a variety of reasons, primarily the rising cost of land and labour. Besides, attractive incentives given to investors have been withdrawn and most exports from China face high tariff penalties.Two-way trade between Taiwan and India rose to $8.7 billion last year from $4.7 billion two years ago. In January-February 2008 alone, two-way trade between the two countries registered a 70 per cent increase over over the same period last year, Mr Hsia said. India currently enjoys a trade surplus with Taiwan.  Mr Hsia said India and Taiwan complement each other as the former is rich in resources while the latter has manufacturing might.........For Latest Real Estate News:  http://www.maaproperties.com/Pages/ModuleContent.aspx?Module=News At Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)For More Information about Real Estate Hyderabad, India visit: http://www.maaproperties.com/<br/><br/>5 Vote(s) ]]></description>
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