Marg Science park coming up Swarna Boomi

Chennai, September 11, 2010:

 MARG Limited announced the setting up of the MARG Science Park, a world class facility for cutting edge research in life sciences technologies, at MARG Swarnabhoomi. the group's mega residential project.  The foundation stone for the Science Park was laid by Dr. Rajendra Kumar Pachauri, Chief, Intergovernmental Panel on Climate Change; Director General, TERI; & Head - Yale Energy and Climate Institute. Dr. Pachauri shares the 2007 Noble Prize for peace with Al Gore on Climate Change for the Intergovernmental Panel’s work to alert the world to the threat of global warming.

Mr.G.R.K.Reddy, CMD, Marg Limited , Dr.Rajendra Kumar Pachauri, Chief, Intergovernmental Panel on Climate Change; Director General, TERI; & Head - Yale Energy and Climate Institute, Mr.Oscar Braganza, Executive Director, Real Estate and Industrial Clusters.

Speaking on the occasion, Dr. Pachauri said, “It gives me immense pleasure to inaugurate the MARG Science Park in Chennai and to dedicate the same to one of the greatest sons of Modern India, Bharat Ratna, C Subramaniam. MARG Science Park has the potential to become a world class facility and a great centre for cutting edge research in the area of life sciences in India. I believe the next area of sunrise technology that India must excel in is in the field of life sciences just as we have

excelled in information technology and services. India has all the assets required to become a leader in the field of life sciences and I am sure the MARG Science Park will be an outstanding development in the National endeavour for reaching this goal.”

MARG Science Park will be spread over 40 acres and would house world class ready-to-use wet laboratory space for research in various sectors of life sciences such as biotechnology, biopharmaceuticals, contract research, nanotechnology, agri–technology, medical devices etc. The state of the art facility will be complemented with excellent lifestyle amenities and business support services to make it a favoured destination for the top players of the life sciences industry.  A Technology Incubator Centre to support start ups in life sciences and a Bio–IT Zone suitable for bio informatics & data centers will also be a part of the Science Park. The MARG science park is envisioned as an “innovation led futuristic research hub” set in an inspiring setting and will leverage the ‘knowledge and innovation ecosystem’ of MARG Swarnabhoomi.

 GRK Reddy, Chairman and Managing Director, MARG Group, “MARG Science Park is an important milestone in translating our vision into a thriving reality. We are happy to have Dr. Pachauri, whose environmental contributions need no mention, amidst us today to do the honours. MARG science Park is ideally located at MARG Swarnabhoomi which will have 24x7 inclusive facilities. The cleaner environment with lesser pollution and the tranquil surroundings will be an ideal platform for scientists to undertake research with peace of mind. The MARG science park will therefore be an ideal breeding ground for a self sustaining and technologically fertile environment”

MARG Science Park would be the first Platinum Rated Science Park in the country. It is already a member of the International Association of Science Parks (IASP), the largest global network of Science and Technology Parks.  The Park will have a working alliance with International Crops Research Institute for the Semi-Arid Tropics (ICRISAT), a United Nations agency, for setting up an integrated agro-processing zone in the Science Park consisting of an agro-incubation centre, testing lab etc. This would give impetus to agri-related research and commercialization of research outputs from ICRISAT.

A Technology Incubation Center (TIC) will be created with support from the Government of India to facilitate start-up incubation in life sciences research and would consist of laboratory modules for research and development. The TIC would be augmented by a sophisticated instrumentation facility and a pilot plant essentially for technology, scale up and trial production to be hired by the clients in the TIC as and when required.

ABOUT MARG SWARNABHOOMI

The flagship initiative of MARG Group, the “Marg Swarnabhoomi” a new paradigm city for business, living and learning master planned by renowned architects HOK, USA is being developed on the scenic East Coast Road connecting Chennai and Puducherry. This project spread over 1000 acres houses Multi services and a light engineering economic zones alongwith all support infrastructures like dedicated township and shopping & entertainment.  The site is strategically located between Chennai & Pondicherry - 80 kms from Chennai on scenic East Coast Road and 60 kms before Pondicherry.

MARG Swarnabhoomi has been designed to be an aspirational habitat based on the principles of new urbanism, where Business, Living & Learning will coexist in a stress free atmosphere. The principles of New Urbanism covers  understanding its DNA, Identifying the major growth drivers, creation of quality infrastructure, employment opportunities, standard and quality of living of the city and its surrounding.

ABOUT MARG LIMITED

MARG Limited (BSE: 530543), incorporated in 1994 and headquartered in Chennai, is an infrastructure, real estate development and services company. The Company is listed on the Bombay Stock Exchange and its shares are traded on the NSE under the category of ‘Permitted Security’.

  

MARG’s businesses are organized under 4 distinct business verticals – Marine Infrastructure & Services, Urban & Industrial Infrastructure, EPC and Real Estate. MARG is strategically developing greenfield ports on the Eastern Coast of India. The Karaikal Port is currently operational with a capacity of 5.2 MMTPA (Million Metric Tonnes Per Annum) and phased expansion is underway to eventually scale up to 47 MMTPA. The Company has also been awarded a contract to develop a Minor Port cum Ship Repair Yard at Mugaiyur. In addition to marine infrastructure, MARG also offers related services such as dredging and logistics. MARG Swarnabhoomi, the Company's flagship project in Urban & Industrial Infrastructure, is being developed as an inclusive city based on the principles of New Urbanism, with unique offerings for Business, Living & Learning. The Company's EPC division provides integrated turnkey solutions for Greenfield and Brownfield projects pan-India serving clients such as L&T, BHEL, Indian Oil, HP among others. MARG's Residential Real Estate business, under the umbrella brand MARG ProperTies, offers homes across multiple segments with focus on affordable housing. Malls, IT Parks and Office Spaces constitute the Company's Commercial Real Estate business. MARG is also expanding its sectoral presence with Airport projects in Bellary and Bijapur and a Multi-Level Car Park (MLCP) in Chennai.

   

The Company, currently employing over 1000 people, is ISO 9001: 2008 certified for carrying out activities in planning and development of commercial, residential and turnkey projects. MARG Ltd. and/or its subsidiaries have offices in India, China and Singapore.