KEF Holdings, a UAE-based multinational holding company that specializes in innovative offsite construction technology, has announced the launch of its India operations with investments of more than AED900 million to be made over the next five years.
KEF Holdings said the investments will be channeled through its two business verticals, KEF Infra and KEF Health. Two large projects – ‘KEF Industrial Park’, the only 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 and are scheduled for completion by April 2015 and Q1 of 2016 respectively.
Faizal E Kottikollon, Founder-Chairman of the KEF Holdings, which operates out of the Dubai International Financial Centre (DIFC), said: “In line with the Indian government’s ‘Make in India’ vision, KEF Holdings is committed to supporting change through its focus on infrastructure, education and healthcare.”
KEF Infra is set to prove a game-changer in the construction industry, catering to India’s education, healthcare, commercial and residential sectors through offering design, engineering, manufacturing, assembly and project management – all from a single platform.
KEF Infra’s flagship project – the 42-acre KEF Industrial Park at Krishnagiri, Tamil Nadu – is designed as a fully integrated one-stop ‘offsite construction’ destination. Manufacturing entire building components such as columns, beams, hollow core slabs, wall panels, staircases, windows, doors, bathroom units and facades at one place and in a controlled setting, the facility will help reduce project build times by as much as 50%, shrink project costs by as much as 30%, minimize levels of wastage and maximize quality control. Transported from factory to the building site, manufactured components will be precisely and quickly assembled in a Lego-like fashion.
KEF Health aims to reduce the cost of healthcare through industrializing infrastructure, creating evidence-based care paths and promoting disruptive healthcare technology. The 500-bed tertiary care PMHP Hospital in Calicut, Kerala, is the pilot project for KEF Health catering to cardiology, orthopedics and neuroscience specialties. A joint venture with the PeeKay Group of Kerala and the eminent cardiologist, Dr Ali Faizal, the hospital is designed using precast and modular construction technology.
KEF Health will make the infrastructure model available to healthcare operators across the country to ensure the development of similar high-quality medical facilities in India.
According to an annual report by the Reserve Bank of India, the UAE was the ninth biggest contributor to the FDI in India in the year 2012-13, with investment worth AED 635 million.