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Katerra to invest over $100 million to construct manufacturing plant in Hyderabad

Posted by Urban Avenues on August 12, 2019
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“With this, we plan to double our capacity from the current 10 million sq ft to 20 million sq ft,” said Ash Bhardwaj, President Asia and Middle East of the company.

NEW DELHI: Katerra, a construction company, plans to invest over $100 million to construct a manufacturing plant in Hyderabad, said Ash Bhardwaj, President Asia and Middle East of the company.

“With this, we plan to double our capacity from the current 10 million sq ft to 20 million sq ft,” said Bhardwaj. It will deliver 8 million sq ft of building components every year through robotic assembly line production.

The factory which is spread over 50 acres is expected to be complete by March 2020. This will be company’s second factory in India after Krishnagiri in Tamil Nadu.

In next three years, Katerra plans to expand into National Capital Region (NCR) and Mumbai region as well. “We have plans to set-up factories in the Mumbai-Pune region in the later part of the year, followed by a plant in NCR to cover the north market,” said Bhardwaj.

News Linkhttps://realty.economictimes.indiatimes.com/news/allied-industries/katerra-to-invest-over-100-million-to-construct-manufacturing-plant-in-hyderabad/70571080

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