Kothari Industrial Corporation Ltd

🏗️ KICL & Tvasta Partner on 3D Printed Housing for Australia’s 1.2M Home Shortage

- KICL and Tvasta Manufacturing Solutions signed an MoU to collaborate on construction 3D printing technology

- Initial focus is on Australia's residential housing market, addressing a shortage of 1.2 million homes targeted by 2030

- The Australian government's $10 billion Housing Australia Future Fund supports this initiative

- Potential market opportunity: up to 1 million homes representing a $500 billion opportunity

- KICL will lead market development and financing; Tvasta provides 3D printing technology and execution

- Tvasta's technology has been recognized by Prime Minister Narendra Modi and used in projects in India and the U.S.

- Collaboration includes local workforce training and compliance with Australian building codes

- Key figures: Mr. J. Rafiq Ahmed (KICL), Mr. Adithya VS (Tvasta), and Ms. Merin Devassia (Indo-Australian Chamber of Commerce)