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ILandFS Engineering and Construction Company Chairman's Speech > Engineering - Heavy > Chairman's Speech from ILandFS Engineering and Construction Company - BSE: 532907, NSE: IL&FSENGG

ILandFS Engineering and Construction Company

BSE: 532907|NSE: IL&FSENGG|ISIN: INE369I01014|SECTOR: Construction & Contracting - Civil
Oct 22, 12:31
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Oct 22, 12:37
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Chairman's Speech (ILandFS Engineering and Construction Company) Year : Mar '08
As I gaze out of my cabin and watch the bright sun belting down on the
 Deccan Plateau, it strengthens my belief that its brightness is
 reflective of the immense potential of the Indian economy.
 And a crucial parameter for our economy to shine bright is
 Infrastructure Development. Ironically, while the Indian economy has
 grown by leaps and bounds, Infrastructure still remains an area that is
 grossly underdeveloped and is dragging down the economic growth rate.
 Our Company has been early to sense a clear business opportunity here
 and soon, I believe we will be ranked among the very best in infra
 companies, not just in India but globally too.
 Maytas Infra has very strong brand equity in the construction space and
 has leveraged the same to venture into the Infrastructure space wherein
 it intends establishing a leadership position. This initiative has been
 backed by a well- thought out strategy keeping in mind the
 macroeconomic factors and the unique strengths of the Company.
 For the five-year period 2002-06, our countrys construction
 expenditure has been estimated at Rs. 3313 billion. Yet there is a huge
 expenditure gap that needs to be filled in across various
 infrastructure segments like roads & highways, ports, airports and
 To address this gap, the Government of India has initiated various
 steps which include increased private sector participation in the
 execution of infrastructure related projects (under the aegis of PPP -
 Public-Private Partnership arrangements), providing for viability gap
 funding and establishment of agencies whose role would be to make these
 projects financially viable for private companies. In the five year
 period between FY07- FY11, it is estimated that infrastructure
 construction investments will exceed Rs. 6000 billion.
 Clearly, the trend in investments in the infrastructure sector over the
 last half decade has been upward. Even though external factors are
 hinting at a slowdown of sorts in the short term, the strong long-term
 prospects of the segment remain intact.
 This has accentuated the role of large and well-organized players like
 Maytas Infra who can meet global quality standards using advanced
 technology and the other resources required in this segment. Maytas
 Infra, with its strategic expertise, strong execution capabilities, and
 commitment to adopting the highest quality, safety, and environmental
 policies has the capability to be a prominent global player in the near
 A testimony to our commitment and success thus far is reflected in our
 bagging the NICMAR Award 2007 of Indias Fastest Growing Construction
 Company. This has enhanced our responsibility, and we remain conscious
 of the fact that we have to raise the bar and set even higher standards
 for ourselves. We adopt motto of no cost overrun and no time overrun.
 Finally, each one of us at Maytas Infra acknowledges the additional
 responsibility which we now shoulder, of being a listed Company. I take
 this opportunity to thank our investors for their overwhelming response
 to our IPO and assure each one of you of our very best efforts.
 R. C. Sinha
Source : Dion Global Solutions Limited
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