TCI DEVELOPERS LIMITED
ANNUAL REPORT 2011-2012
I have great pleasure in welcoming you to the 4th Annual General Meeting of
your Company and share the Company's performance for the year 2011-12.
In any country, the Infrastructure sector holds immense strategic
importance. This is true for the logistics infrastructure covering road,
rail, waterways and warehousing also. As per the Government projections,
Indian infrastructure sector would attract investments of about US$ 1
trillion during the 12th Plan Period (2012-17) with about 50 per cent
funding from the private sector. This kind of unprecedented investment in
the infrastructure of the country is expected to provide impetus to the
logistics sector in the coming years. The recent Government initiatives and
increasing participation of private sector to upgrade and strengthen the
National Highway network gives a better outlook for the National Highway
Development Project. To aid India to achieve its investment target, the
Asian Development Bank (ADB) has already revealed its intentions to infuse
about US$ 2 billion every year in the country's infrastructure sector.
India's warehousing and logistics sector has been growing a steady rate of
8-10% every year to reach the revenue level of about US$190-200 billion by
2020.The proposed implementation of GST and the development of logistics
parks and free trade warehousing zones (FTWZs) will speed up the formation
of regional hub -based infrastructure and an environment conducive for
rationalization of the logistics network. This will help reduce
intermediaries and streamline supply chain operations. The existing
warehousing capacity of India is estimated to be 80 millions tones with
additional requirement of atleast 35 millions tones in the next 5-10 years.
The logistics sector has a huge potential to grow in future, therefore the
government needs to accelerate the pace of project approvals. It also needs
to address problems in the Real estate & Logistics sectors by launching
'high impact' reform initiatives that could boost efficiency such as the
goods and services tax, land acquisition, and labour market reforms.
Your Company is in the business of developing world class Logistics Parks,
modern warehouses and truck terminal to support the logistics Sector of the
country. Your Company is looking for strategic partners/investors having
long term perspective with reasonable return expectation once the requisite
permissions are in place.
Coming into our activities during the year under review, construction of a
housing project at Pune has started and shall be available for sale in near
future and also the development of a warehousing project at MIHAN Nagpur,
and the necessary approvals have been obtained and construction process has
Finally I would like to thank you for the confidence you have reposed in
the company, just as in the past and look forward to your support in the
years to come.
(D P Agarwal)