ΠΡΕΣΒΕΙΑ ΤΗΣ ΕΛΛΑΔΟΣ - EMBASSY OF GREECE ΓΡΑΦΕΙΟ ΟΙΚΟΝΟΜΙΚΩΝ & ΕΜΠΟΡΙΚΩΝ ΥΠΟΘΕΣΕΩΝ - OFFICE FOR ECONOMIC & COMMERCIAL AFFAIRS

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Rafe Willis
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1 Από: Αποστολή: Παρασκευή, 2 Φεβρουαρίου :58 πμ Προς: viom@acci.gr; domtrade@acci.gr Θέμα: FW: Indian company looking For EPC contractor for construction of Highways, Roads & Low Cost Housing Projects From: Εμπορικό & Βιομηχανικό Επιμελητήριο Αθηνών - EBEA (ACCI) Info [mailto:info@acci.gr] Sent: Thursday, February 01, :19 AM To: excom@acci.gr Subject: ΠΡ: Indian company looking For EPC contractor for construction of Highways, Roads & Low Cost Housing Projects Από: Ecocom New Delhi - Embassy of Greece [ecocom-newdelhi@mfa.gr] Αποστολή: Πέμπτη, 1 Φεβρουαρίου :35 πμ Θέμα: Indian company looking For EPC contractor for construction of Highways, Roads & Low Cost Housing Projects Dear Sir, Please see the attachments. [cid:image001.jpg@01d39c0c.6e389960] ΠΡΕΣΒΕΙΑ ΤΗΣ ΕΛΛΑΔΟΣ - EMBASSY OF GREECE ΓΡΑΦΕΙΟ ΟΙΚΟΝΟΜΙΚΩΝ & ΕΜΠΟΡΙΚΩΝ ΥΠΟΘΕΣΕΩΝ - OFFICE FOR ECONOMIC & COMMERCIAL AFFAIRS ΕP 32, Dr. S.Radhakrishnan Marg, Chanakyapuri, NEW DELHI Office Website: Tel: ecocom-newdelhi@mfa.gr<mailto:ecocom-newdelhi@mfa.gr>

3 Low Cost Housing In India, a special scheme was announced by Prime Minister Shri Narendra Modi in , it is called the PM Awas Yojana which is home for everyone. Under the scheme, certain subsidiaries were announced for the low income group. Under the above scheme, we are proposed 1-2 million low cost homes in the next two years to the central government. These homes were on the basis of two technologies from the US namely Pinnacle & Nano Technologies. We were given a price structure of 637 sq ft two-bedroom flat with one kitchen, living room and one bathroom with basic fitting for a cost of construction, without land cost, for about USD. We proposed the same for approx. USD 10,000. There are two proposals: 1. To complete full construction & allow six months to one year time for balance payment which would be covered by Sovereign & State Guarantees. 2. Construct and deliver flats on EMI of five to seven years at 8% interest. This would be against Sovereign & State Guarantees. We are looking for alternate technologies as volumes could go from two million to five million flats depending on technology & price. We are also looking for funding systems who could be associated for the funding of such projects against Sovereign & State guarantees. GURGAON: AUSTRALIA: 14 th Floor, Tower 5B 157/125 Santa Cruz Road DLF Epitome, Cyber City, Clear Island Waters, Phase 3, Gurgaon , Qld, 4226, Australia Ph: , Ph: , info@oberoi-group.com DUBAI - GERMANY - AUSTRALIA - USA - LUXEMBOURG

Pradhan Mantri Awas Yojana-Housing for All Pradhan Mantri Awas Yojana (PMAY) has recently prolonged its scope to provide to the housing needs of the mind income group; apart from the economically

6 Pradhan Mantri Awas Yojana-Housing for All Pradhan Mantri Awas Yojana (PMAY) has recently prolonged its scope to provide to the housing needs of the mind income group; apart from the economically weaker sections (EWS) and low-income group (LIG). PMAY launched in June 2015, the Government predicts to build affordable Pucca houses with good water facility, electricity supply without any interruption and sanitation. The main purpose of the scheme is to cover people in the EWS (who annual income is not exceeding 3 lakhs) and LIG (who annual income is not exceeding 6 lakhs) sections, but now even they cover midincome group (MIG) as well. How Pradhan Mantri Awas Yojana works? The scheme consists 4 components, they are as follows 1. Transforming Slum Areas (Slum Rehabilitation of Slum Dwellers) 2. Credit Linked Subsidy 3. Affordable Housing in Partnership 4. Beneficiary led Individual house construction or Enhancement Transforming Slum Areas (Slum Rehabilitation of Slum Dwellers): This activity is carried out with the help of private developer using land as resource.

7 Credit Linked Subsidy: In this section, the weaker economic sections will give subsidy on home loans taken by Urban Poor, It is eligible for the loans availed for new construction and addition of rooms (kitchen, toilet etc.) and it will be available only for loan amount up to 12 lakhs. Affordable Housing in Partnership: This section is a supply-side intervention, in this section financial assistance to EWS (Economically weaker sections) hoses begin built with different Paternership by states / UTs /Cities will be allotted Beneficiary led Individual house construction or Enhancement: This section supports the eligible families who belong to EWS categories and this support will be given to either to construct the new house or to enhance the existing houses on their own. Central assistance of one lakh will be given in this section. Eligibility of Pradhan Mantri Awas Yojana: Age 70 years or less Income range less than Rs. 3lakhs for economically weaker sections and between Rs. 3 to 6 lakh for lower income groups It is eligible to all Indian Citizens women. No other demographic will be considered as long as they are women. People who belong to the low-income group i.e. LIG and economically weaker sections also known as EWG in the society may also apply. Senior citizens and differently able will be given special priorities for ground floor housing. Scheduled tribes and castes will also be eligible. The beneficiary of Pradhan Mantri Awas Yojana: They must meet the income requirement of the scheme They must not own a build house in the Indian subcontinent to avail this scheme A family which include husband, wife, and children who are still unmarried The economically weaker section consists of families with a yearly income less than 3 lakhs and people who belong to annual income group of Rs. 3 lakhs and up to 6 lakhs under lower income group or LIG

8 Eligible Beneficiary of PAMY (Gramin) The Social Economic and Caste Census of 2011 is going to be utilized to identify and select the list of beneficiary on the Gramin Plan of the PMAY Before making the list on the rural housing scheme, the village Tehsils and Panchayat will be considered for discussion of beneficiaries and this going to be held in order to ensure transparency of the project and ensure that only the deserving receive the aid in housing. Features of PMAY: The scheme is mainly targeted at the urban poor in India Facility will be accessible to scheduled castes and scheduled tribes There will be no caste-based inequity while providing loans under this scheme Benefits of PMAY: The PMAY Scheme is targeted for the Economically Weaker Section And Low Income Group. PM announced that the main aim is to reduce the rate of Home Loan. So anyone can make their house. They are giving the 4% concession on 9 Lakh loan and 3% on 12 Lakh Loan for the Beneficiaries who want to make a home in the urban area. They have increased 33% house in Rural Area under the Prime Minister s Housing Scheme, and they want to include more people who don t have a house. The Beneficiaries, who want to repair their house, they will get Rs 2 Lac Home Loan with 3% of Concession. Through the PM Awas Yojana, The poor and Deprived people can complete their dream is the motto of Indian Government.

Roads On 26 th July 2017, we signed an MOU with the State Government of Rajasthan for a stretch of 4000 Kms of State Roads & Highways, mainly a four lane road at an approx.

9 Roads On 26 th July 2017, we signed an MOU with the State Government of Rajasthan for a stretch of 4000 Kms of State Roads & Highways, mainly a four lane road at an approx. cost of about USD two billion. This MOU was signed which included a consortium from China due to the current political scenario between India & China the same could not fit into qualification bracket as such we are looking for alternates. The qualification required would be a turnover of approx. 6-7 Billion USD and a minimum of half a Billion USD in Road & Highway construction. The requirement of the total turnover is not only from the EPC contractor but of the full consortium who are members to execute the project. MOU of the project was signed on a PPP model through the Swiss Challenge Mode which requires the EPC contractor to bring in 75% of funding for the project for the period of 7-10 years. The funding brought in by the EPC contractor will be fully guaranteed by the Sovereign and State guarantees. The final agreement would be signed by the State Governor who is the direct representative of the President of India in the State and the follow up would be the formulation and execution of Sovereign Guarantees as per format mutually agreed. For this project we are looking for an EPC contractor from any nationality except North Korea, China & Pakistan. We are in negotiations with couple of global and domestic financial institutions and are still open for a financial association as we have not till date signed any agreement. GURGAON: AUSTRALIA: 14 th Floor, Tower 5B 157/125 Santa Cruz Road DLF Epitome, Cyber City, Clear Island Waters, Phase 3, Gurgaon , Qld, 4226, Australia Ph: , Ph: , info@oberoi-group.com DUBAI - GERMANY - AUSTRALIA - USA - LUXEMBOURG

27 th Year of Publication. A monthly publication from South Indian Bank. To kindle interest in economic affairs... To empower the student community...

27 th Year of Publication. A monthly publication from South Indian Bank. To kindle interest in economic affairs... To empower the student community... Experience Next Generation Banking A monthly publication from South Indian Bank To kindle interest in economic affairs... To empower the student community... www.southindianbank.com Student s corner ho2099@sib.co.in