A London-based NRI-led company will set up the world’s largest steel modular building factory at Indapur in Maharashtra at a cost of Rs 100 crore. Chairman of Modulex Modular Buildings Plc, UK, Mr Suchit Punnose, made the announcement at a function held here last night in the presence of Mr Harshavardhan Patil, Maharashtra’s Minister for Co-operation and Parliamentary Affairs, who is also an MLA from Indapur. Mr Punnose said the factory would be built at a cost of Rs 100 crore and production would start in March next. Mr Patil said, “All support will be extended to the project, which is expected to provide employment for over 900 people.” He said the State Government has already sanctioned 40 acres and may consider sanctioning another 30 acres for the project. Mr Patil, who visited modular buildings in London, said India needs the technology to support infrastructure and economic growth.
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