The Partnership will allow Viva, a privately held land developer to extend its business ventures in the affordable housing market. Viva is currently involved in retail and commercial construction of retail and commercial businesses, Viva also has businesses in Education, Film and Cab industries. Viva plans to purchase Compressed Agricultural Fiber (CAF) Panels from IGS’s Worldwide Manufacturing Facility in Whitewright, TX to begin the R&D process and gain approval of the product in country. They will work with IGS to further explore access to financing in the US through US EXIM Bank and OPIC with the assistance of Interlink expertise with plans to open an IGS Manufacturing Facility in India.
This strategic move will allow Viva to impact the affordable housing market in India, by providing IGStructures which are made of CAF Panels and a preengineered steel framing system. IGStructures are assembled into houses, schools and healthcare facilities. CAF Panels are manufactured into strong durable boards, comprised of straw left after the harvest of rice and wheat which is purchased from the farmers, who normally burn or till the straw under.
Jeff Stoddard, Chief Strategist for Viva said, "Viva is excited to partner with IGS in India to help provide lowercost affordable housing while at the same time provide financial support for farmers.” Viva Group constructs residential complexes with a focus on firsthome owners and lower income groups. More than 8,000 homes have been constructed to date, with an additional 1,500 slated for completion by 2017. With a view to further expansion, the company is preparing for fresh projects totaling up to 4 million sq. ft. throughout Mumbai, and have an additional 35 million sq. ft. of development planned over the next 5 years. By converting constructive ideas into lifechanging realities Viva Homes has emerged as a major player in the residential designandbuild space.
"The IGS technology solves not only a great market demand for sustainable and affordable housing in India, but by providing a secondary source of income to farmers, provides an ideal investment strategy that creates true development impact in frontier markets” said Jozsef Szamosfalvi, Managing Director of Interlink Capital Strategies.
“This partnership is a major step towards realizing our 10 x 2020 plan, which is 10 - IGS Manufacturing facilities by the end of 2020 and obtaining our vision of becoming the Global Leader of Sustainable Housing Solutions." said Richard China, Chief Executive Officer of IGS. IGS currently has two Manufacturing Facilities one in Whitewright, Texas and the other in Thika, Kenya.
ABOUT INTERNATIONAL GREEN STRUCTURES (IGS)
International Green Structures (IGS) offers affordable building solutions for the global housing crisis. IGS has successfully built affordable IGStructures in the US, Kenya, Nigeria, Ghana, Uganda, and Vanuatu. IGS is headquartered in Stevensville, MD, manufactures and exports from Whitewright, Texas and just completed its first African Manufacturing Facility in Thika, Kenya. Learn more: www.IGStructures.com
ABOUT VIVA GROUP
Viva Group is a multifaceted business conglomerate and one of the most respected and vertically integrated companies in India. Combining experience with business verve and imaginative thinking, the company has taken huge steps in retail, logistics, media, education, hospitality and other portfolios to stand shoulder-to shoulder with the biggest names in the these verticals.
ABOUT INTERLINK CAPITAL STRATEGIES
Interlink Capital Strategies (www.interlinkdc.com) is a 20-year old, Washington, DC based financial advisory firm that arranges project and trade financing in emerging markets. Interlink is expert in developing business opportunities and/or financing them with a Washington insider’s expertise on how to access government lending programs worldwide.