KEF Infra, a division of KEF Holdings, a multinational diversified Group with operations in strategic investments, infrastructure manufacturing, and healthcare development, across India, UAE and Singapore on Saturday announced that the company will be set up "Construction Building Manufacturing Park in Telangana".
Besides investing Rs 650 crore in its own plant in an extent of 50 acres as an anchor investor in the park, KEF Infra will promote the park for investments from ecosystem players in India and overseas. And that also led to us taking the decision of having a dedicated Construction and Building Material Manufacturing Park that will not only house global companies like KEF but will also provide opportunities for local small and medium enterprises. Announcing this here along with KEF Holdings chairman Faizal E Kottikollon, Telangana industries minister KT Rama Rao said the park will come up close to Hyderabad either in Medchal or Ranga Reddy district and will have the potential to attract Rs 5,000-6,000 crore investments and generate around 10,000 direct jobs. KEF Infra will make precast concrete structures, modular rooms, bathroom pods, among others at the facility enabling it to manufacture entire hospitals, homes, schools and commercial buildings that can be assembled onsite. We hope to create at least employment for at least 1,600 people and more indirect employment. "We will also be promoting the park along with KEF Infra to attract investors from India and overseas, particularly Middle East and Europe", KTR explained.