April 13, 2011

With rapid investment envisaged in industrial and residential township development in the country, the Saudi Binladin Group (SBG) is looking at India with its strong technical background for manufacturing of preacast construction products ie precast RCC structures, wood joinery, toilet cubicles, curtain glass etc.

SBG and its joint venture in India, IL&FS Engineering & Construction Company Limited (IL&FS Engineering Services) are intending to bring to India pre-fab construction technology and processes in India. It is envisaged that this would enable reshape building technologies and help in faster and more cost effective solutions to the local industry. This would be very synergistic with the various mega township projects being developed the IL&FS Group ie Gujarat International Finance Tech (GIFT) city, Industrial Model town project with Reliance in Harayana and the Mangalore SEZ project in Karnataka.

SBG and IL&FS Engineering Services are today working together to finalise the modalities including location of the project, detailed feasibility and capital structure for the project. This venture would provide IECC a fillip to its construction business from a technology and product offering perspective across a wide array of building sectors.