Telangana announces building material manufacturing park

To come up 250 acres near Hyderabad; KEF Infra to be anchor company with Rs 650 cr investment.

By Author  |  Business Bureau  |  Published: 10th Feb 2018  11:53 pmUpdated: 10th Feb 2018  11:54 pm
Telangana state and KEF holdings to join hands and set up a one of its kind Construction & Building Materials Manufacturing Park in Telangana. Photo:Hrudayanand

Hyderabad: Telangana is slowly but steadily providing opportunities for each and every industry to set up base here and the launch of Pharma City, electronics cluster and others are testimony to this. In the same breadth, the government is all set to provide impetus to the companies in the space of building and construction material by setting up a Construction and Building Material Manufacturing Park near Hyderabad. The park that will come up about 250 acres will have UAE-based KEF Infra as its anchor company and it will house a plant in about 50 acres in the park. KEF’s plant in Telangana will be set up at a cost of Rs 650 crore.

The park will be the first one-of-its-kind set up in India and will provide employment opportunities to about 10,000 people – both direct and indirect. This park is an extension of government’s agenda to encourage local manufacturing by not only providing them amenities at subsidised rates but also to procure their products for State building.

Speaking at the announcement of the park, Telangana IT Minister K T Rama Rao said, “When KEF Infra decided to invest in the State we were very delighted to help them in any way possible. And that also led to us taking the decision of having a dedicated Construction and Building Material Manufacturing Park that will not only house international companies like KEF but will also provide opportunities for local small and medium enterprises. We are exploring four locations in and around Hyderabad to set up this park and it could either be in Ranga Reddy district or Medchal area.”

In terms of support being provided from the government’s side, Rama Rao also opined that other than procuring land, the government will also provide infrastructure in terms of water, electricity and will also train the required manpower for the different units to run in the park. This will in turn lead to creation of local employment and the promotion of the park done under Telangana State Industrial Infrastructure Corporation (TSIIC).

Elaborating on the park and their plant, KEF Holdings chairman, Faizal E Kottikollon said, “The offsite manufacturing mother plant in Telangana is going to be our second biggest after our maiden plant in Krishnagiri in Tamil Nadu. We hope to create at least employment for at least 1,600 people and more indirect employment. For other units in the park, we will also be promoting to our other investors from Middle East to invest in this. It can house almost 180-200 units from 60-70 different industries from this sector.” KEF Infra is an end-to-end solutions provider that sets up entire buildings for its clients.