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Jindal Mectec, Ireland's Kingspan form JV

Press Trust of India  |  New Delhi 

Insulated Mectec and Ireland-based today announced formation of a (JV) in

The JV 'Jindal' will capture the modern

methods of construction in India, relating to warehouses, cold storages, high rise buildings, airport roofs etc, the

companies said in a joint statement.

The demand for the product is bound to rise in the country as with the government's UDAN scheme, a lot of airports will come up, Mectec MD Saurabh said.

The extpertise and modern engineering practices of Insulated Panels will be used to make new products to cater to the growing demand of the customers, he said at a press conference here.

"was on our plan. This is a growing market and with our presence in India, we can further tap the markets like Sri Lanka, Bangladesh, and Bhutan," Gilbert McCarthy, MD of Kingspan said.

McCarthy also informed that Kingspan will hold 51 per cent stake in the new venture.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, May 16 2018. 17:15 IST