KEF Holdings, a multinational holding company specialising in offsite construction technology, said it has plans to invest over Rs 1,500 crore in India over the next five years.
The investments will be channelled through the company's two business verticals, KEF Infra and KEF Health, the company said.
Two projects, KEF Industrial Park, an integrated facility for off-site manufacturing for the construction sector in India, and the PMHP Hospital (Premium Medical Healthcare Providers), a 500-bed facility being built in two phases - have already been launched. Both are scheduled for completion by April 2015 and Q1 of 2016 respectively, it added.
Faizal E Kottikollon, Founder-Chairman of the Singapore- based KEF Holdings, said, in line with the government's 'Make in India' vision, the company is committed to support change by focusing on three basic needs - infrastructure, education and healthcare.
Amitabh Kant, Secretary, Department of Industrial Policy & Promotion, said, "We welcome and encourage infrastructure development projects in the country that help change India at the grassroots level by improving skill sets, enhancing competitiveness in manufacturing and construction, and ensuring sustainability of growth."
KEF's flagship project - the 42-acre KEF Industrial Park at Krishnagiri, Tamil Nadu - is designed as a fully integrated one-stop 'offsite construction' destination with four dedicated units such as precast, prefabricated bathrooms, joinery and aluminium glazing.
PMHP Hospital is set up in Calicut, Kerala specialising cardiology, orthopedics and neurosciences.
