Modulex India to invest Rs 100 crore to set up steel factory – Feedback

Modulex India today said it is going to invest Rs 100 crore to set up a modular steel factory in Pune. Incubated by Red Ribbon Advisory Services, the firm will invest Rs 100 crore to set up a modular building construction factory which is expected to be operational by March 2017, the company said in a statement.

“The Indian construction market still has a long way to go in comparison to the global scenario. We aim to take India to the next stage of real estate development by providing a jump-start to the construction industry and bridging the demand-supply gap created by acute shortage of construction,” Modulex Modular Buildings Country Head Ajay Palekar said.

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