State-owned construction firm NBCC (India) Ltd today entered into an agreement with Hungary- based Gremound Engineering for introducing of new technology to implement mass housing project.
NBCC, which is a Navratna CPSU under the Ministry of Urban Development, today "signed an MoU with an Hungarian company Gremound Engineering Ltd, for partnership in introducing new construction technology in India for implementation of Mass Housing Projects in the country."
The technology named Non-Tectonic System has been developed by Gremound and is designed to build liveable houses in mass quantities at extra speed, through setting up of a factory that would produce modules, suitable for building housing units of any category and shape, it said in a release.
"Gremound has a unique concrete technology that uses special recipe for faster construction of Mass Housing Projects. In fact, one factory set up for the purpose is able to produce 10,000 housing units per year," NBCC added.
NBCC said that this partnership would open up a huge opportunity for the company in its participation in the Government's 'Housing for all by 2022' initiative, as the application of the technology would make the construction faster, cost effective and qualitatively superior.
The MoU was signed in the presence of Peter Szijjarto, Minister of Foreign Affairs & Trade, Government of Hungary and NBCC CMD Anoop Kumar Mittal.
