Business News

KEF Infra to invest in Telangana

Hyderabad: Government of Telangana and KEF Holdings have decided to to join hands to set up a one of its kind construction and building materials manufacturing park in Telangana.

At a joint press meet in Hyderabad, Industries Minister K. Tarakarama Rao announced that the State Government would set up the Construction & Building Material Manufacturing Park in partnership with KEF Holdings. The proposed park is expected to generate employment to about 10,000 people.

KEF Holdings & KEF Infra will set up an offsite manufacturing mother plant in Telangana with an investment of Rs. 600 Crores in the proposed Industrial Park.

At the announcement ceremony, the Minister said, “This Construction & Building Material Manufacturing Park is the first of its kind in India.

We are exploring four locations around Hyderabad for setting up the Construction & Building Material Manufacturing Park, which will come up in about 250 acres. Telangana Government will provide the required land, infrastructure and also train local youth for employment in the proposed park”.

The ancillary industries are expected to create direct and indirect employment opportunities in the state.

Appreciating the industrial sector of the state, Faizal E Kottikollon, Founder & Chairman of KEF Holdings & KEF Infra said, “Telangana is the first state where we are having a joint venture. Though we were invited by the other Indian states, we preferred Telangana after exploring its opportunities and geographical advantages.” (INN)

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