BANGALORE, November 14, 2014 /PRNewswire/ --
KEF Holdings, a multinational holding company that specializes in innovative offsite construction technology, announced the launch of their India business operations with investments of more than Rs. 1,500 crore to be made over the next five years.
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Speaking at the launch of 'KEF House' - its corporate office for India in Bangalore - 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 one-of-its-kind integrated facility for off-site manufacturing for construction 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 Singapore-based KEF Holdings, said, "In line with the government's 'Make in India' vision, KEF Holdings is committed to supporting change by focusing on three basic needs - infrastructure, education and healthcare. KEF will change infrastructure development in the country by bringing in the best practices, technologies and processes from across the world and integrating them to offer assured quality and a significant reduction in time and money."
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 Infra will prove a game-changer in the construction industry, and cater to India's education, healthcare, commercial and residential sectors through offering design, engineering, manufacturing, assembly and project management all under one banner.
Its 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 - precast, pre-fabricated bathrooms, joinery and aluminum glazing. 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 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. Inbuilt fireproofing and a reduced need for formwork and scaffolding onsite are the other intrinsic advantages of precast. The pre-fabricated bathroom unit, largely driven by robotics, will have the capacity to manufacture 30,000 units a year.
KEF Health aims to reduce the cost of healthcare through industrializing infrastructure, creating evidence-based care paths and promoting disruptive healthcare technology. The pilot project for KEF Health is the 500-bed tertiary care, PMHP Hospital in Calicut, Kerala, for cardiology, orthopedics and neurosciences.
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. This will allow the project to be completed in 16 months, or half the time that traditional construction methods would take. KEF is also working with a team of eminent doctors and technology experts from the world-renowned Cleveland Clinic (USA), who also serve on the KEF Health Board of Directors, to ensure affordable care is available and provided at the hospital.
The hospital will also benefit from KEF's collaboration with Australian firm TAHPI (Total Alliance Health Partners International), who are leaders in the design of medical facilities and health planning and have authored the guidelines for medical facilities for the Indian Government.
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.
KEF Holdings operates a highly integrated business model. The company's primary operations seamlessly cooperate to design and implement innovative and effective projects that can be successfully replicated across industries.
About KEF Holdings (www.kefholdings.com)
Established in 2007, KEF Holdings is a new era social enterprise registered in Singapore. Founded by Faizal E. Kottikollon, the company operates across India, the Middle East and Singapore.
The company has six business verticals - KEF Infra, KEF Health, KEF Education, KEF Agri, KEF Metals and KEF Investments - that focus on the infrastructure, healthcare, education, agriculture, metals and investment sectors respectively. KEF's industrial forte lies in its ability to create integrated business processes and deliver cutting-edge off-site construction technology and solutions, including precast, prefabricated bathrooms, joinery and aluminum glazing. The company applies this expertise to the creation and upgrades for essential infrastructure, such as educational, healthcare, commercial and residential facilities.
KEF Holdings is guided by the philanthropic vision of its founder and Chairman Faizal E. Kottikollon and his wife Shabana Faizal, Co-Chairperson. The company, in close collaboration with stakeholders in the public and private sectors, actively drives, funds and supports high-impact social activities undertaken by the Faizal and Shabana Foundation. KEF Holdings does this through providing innovative industrial technologies, products and processes designed to create shared value by increasing productivity, quality and sustainability.
Media Contact: Suhasini Mehta, [email protected], +91-9820023665, Stellant Communications
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