VIRGINIA TECH COMES TO MARG SWARNABHOOMI
~ MARG signs MoU with Virginia Tech ~
Blacksburg Virginia 8th March 2010: MARG Limited, India's leading diversified infrastructure development company, today signed a Memorandum of Understanding (MoU) with the US based Virginia Tech, to establish a university campus, 'Virginia Tech MARG Swarnabhoomi, India' at Marg Swarnabhoomi Chennai.
MARG Swarnabhoomi – the new paradigm for business, living and learning is an ideal habitat being developed on the principles of new urbanism. Outfitted with handy growth drivers for business sustenance, comfortable, cost effective living and progressive knowledge enrichment through stable learning, MARG Swarnabhoomi is a new eco-system which embodies the spirit of life and brings inclusivity, hope and the promise of the future.
Its unique tranquillity, pollution free and ultra modern settings have already attracted a host of international, world leaders including Grundfos of Denmark and Vanspall of UK to set up their own industrial clusters within Swarnabhoomi.
The Virginia Tech University at MARG Swarnabhoomi campus will offer advanced education and research in the fields of - Nanoscale science and engineering, Nano Biotechnology, Biotechnology, Information Technology, Automotive engineering. VIRGINIA TECH will also set up a library, provide study materials and offer supervision and management at the campus. The campus will feature innovation centers which will draw upon Virginia Tech research resources such as the Institute for Critical Technology and Applied Science and the Virginia Tech Transportation Institute, and the Virginia Bioinformatics Institute at Virginia Tech. The centers will work with industry to capitalize upon innovation research and emerging market opportunities in India and the region.
The campus will be managed and operated by a joint Trust in the Knowledge Hub of MARG Swarnabhoomi. MARG proposes to develop the required infrastructure for the Trust to establish the university.
Speaking on the occasion, Mr. GRK Reddy, Chairman & Managing Director, MARG Ltd. said "The MoU with Virginia Tech is a proud moment for us, as we will be a part of promoting world class education through the university, which will help address the global opportunities at large. 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. At MARG, we strongly believe in inclusive living, and are confident that this initiative will help in enhancing and enriching the lives of the future generations."
The university campus is being designed on the lines of Virginia Tech USA, with the objective to deliver programs in India to foster graduate education as well as scientific and technological engagement through a model of collaborative research, education, and outreach that will address current and future global issues and opportunities.
Says Dr. Charles W. Steger, President of Virginia Tech, ""This is a historic moment for Virginia Tech. Virginia Tech, India will create a place in India where engineers, students, and high tech science professionals from the United States and India will work together and learn from each other. Together, they will create things that none of them could do alone. Equally important, I envision this campus as a springboard to further partnerships with the private sector as well as research institutes throughout India and south Asia. We are excited to be at MARG Swarnabhoomi in creating a unique platform for our endeavour in providing knowledge and instilling self-confidence among tomorrow's youth. Besides aiming to achieve a high standard of academic proficiency, we will strive towards holistic growth for every student of Virginia Tech MARG Swarnabhoomi to create the new innovation leaders of tomorrow."
"Learning, discovery and engagement – the three pillars of scholarship at the Blacksburg campus – will be in force at Virginia Tech, India," says university Vice President John Dooley. "This significant milestone is the outcome of nearly four years of planning which has involved broad based input from leaders in industry, academia, and government across India."
ABOUT VIRGINIA TECH
Virginia Tech, a land-grant university, is the largest university in the Commonwealth of Virginia, and is among the top research universities in the United States. Founded in 1872, the university's campus covers more than 2,600 acres. It has enrollment of approximately 30,000 undergraduate and graduate students from 50 states and more than 100 countries study in 180 academic degree programs. Virginia Tech is engaged in graduate education, scientific and technological collaborative research, and scholarly outreach programs in different disciplines.
Located off the scenic East Coast Road connecting Chennai and Puducherry at a distance of 75 kms from Tiruvanmiyur, Chennai and 60 kms before Puducherry. near Chennai, MARG Swarnabhoomi will have two special economic zones catering to Engineering and Multi-services sectors along with a Knowledge Hub to promote Education and a Science Park to help foster R&D facilities. MARG Swarnabhoomi offers state of the art infrastructure and all basic amenities like power, water, telecom, rainwater harvesting, pollution control and solid waste management facilities.
MARG Swarnabhoomi also offers a wide range of living options (14,000 units in all) with world class healthcare, entertainment (golf course, theme park, multiplex etc) and shopping options. The calm pollution free environment with many water bodies coupled with the Art of Living centre ensure the best in stress free living.
MARG Swarnabhoomi offers businesses a unique advantage. Along with Tax and duty benefits, businesses can enjoy a host of benefits like R&D facilities, interaction with renowned academia just to name a few. MARG Swarnabhoomi also offers a wide range of living options coupled with world class healthcare, entertainment (golf course, theme park, multiplex etc) and shopping options.
The Knowledge Hub at MARG Swarnabhoomi offers a variety of learning options including the Swarnabhoomi Academy of Music and other institutes in construction management, maritime, nursing, management, film and audio engineering, aeronautic engineering, fashion and arts, design among others.
MARG Swarnabhoomi offers state of the art infrastructure and basic amenities like power, water, telecom, rainwater harvesting, pollution control and solid waste management facilities. A whole host of organizations like Grundfos, Vanspall, Exemplarr, TVS Kwik Patch among others have already taken advantage of the facilities at MARG Swarnabhoomi and set up their units there.
While the SEZs cover 612 acres, the MARG group has purchased in excess of 1000 acres of land outside the SEZ for further development of this city.
For more on MARG Swarnabhoomi, please visit www.margswarnabhoomi.com
MARG Ltd., is among India's leading diversified infrastructure and real estate development and services company. The Company was incorporated in 1994 and is currently listed on the Bombay Stock Exchange. The Company's shares are permitted to be traded on NSE w.e.f November 05, 2009 under permitted securities.. Headquartered in Chennai, MARG Limited is promoted by the first-generation entrepreneur Mr. G R K Reddy. The Company has completed projects in Tamilnadu, Puducherry, Andhra Pradesh, Karnataka etc. The Company and/or its subsidiaries have offices in India, China and Singapore.
The Company has designing, construction, development and operational capabilities in Marine Infrastructure, Dredging, Integrated Townships, IT Parks, Commercial and Residential Spaces. The Company has been certified for ISO 9001: 2008 certification for carrying out activities in planning and development of commercial, residential and turnkey projects.
Projects completed by the Company in the past include:
- Power Projects
- Road Works
- Civil Works
- Electrical Works
- IT Parks
- Commercial Buildings
- Residential Apartments
- Educational Institution
The company has recently launched, MARG ProperTies, the umbrella brand for all offerings in the living spaces/homes segment. MARG ProperTies, as the residential arm of MARG, will offer value enriched homes, showcasing a wide range of options for everyone to fulfil their home aspirations. The company's key projects include Karaikal Port, MARG Swarnabhoomi, MARG Junction - Mall, and Bijapur Airport.
The company's esteemed clientele include Scope International (Standard Chartered Bank), TATA Consultancy Services, BHEL, Enercon India, Slash Support Systems, L&T, Indian Railways and Elcot, among others
For further information contact:
M: +91 96000 76532
|Lakshmi Priya M. D. / Vijay Shekhar
M: +91 98407 11181 / +91 97890