MRO-TEK Reality , formerly known as MRO-TEK Realty Limited and now operating as Umiya Buildcon Limited, has received approval from the Government of Karnataka for a strategic land allotment, marking a significant step in the company's expansion plans. The approval, detailed in a recent corporate announcement, outlines the company's ambitious project to establish an advanced manufacturing facility for data communication and networking products.

Land Allotment and Project Details

The Government of Karnataka has allotted 1 acre of land to Umiya Buildcon in the Adinarayana Hosahalli 2nd Phase Industrial Area, Bangalore Rural District. This well-developed industrial hub offers established infrastructure, including assured water and power supply, along with eligible incentives and concessions under the prevailing industrial policy.

Investment and Facility Focus

Umiya Buildcon plans to invest over INR 26.00 crore in this new venture. The facility will focus on manufacturing network and telecom gear incorporating next-generation technologies. This initiative aligns with the Indian government's 'Make in India' vision, aiming to boost domestic manufacturing and R&D capabilities in the high-growth communications technology sector.

Employment and Economic Impact

The project is expected to generate significant employment opportunities:

• Creation of over 150 direct and indirect jobs
• Foster local skill enhancement
• Advance cutting-edge research in communications technology

Strategic Location

The allotted land is strategically located near Foxconn's iPhone manufacturing facility, which is the company's second-largest iPhone production plant outside China. This proximity could potentially create synergies and strengthen the local manufacturing ecosystem.

Company's Focus Areas

Umiya Buildcon has outlined several key focus areas for the new manufacturing unit:

1. Deployment of state-of-the-art, automated manufacturing lines
2. Investment in a dedicated in-house Research & Development centre
3. Adoption of environmentally responsible and resource-efficient operations
4. Development and commercialization of proprietary, globally competitive products
5. Establishment of a Center of Excellence (CoE) for precision Manufacturing and Product Development

Future Outlook

This initiative reaffirms Umiya Buildcon's commitment to technological innovation, employment generation, and contributing to India's self-reliance in critical technology segments. The company has stated that it will provide timely updates on key project milestones and financial commitments in compliance with applicable regulations.

As Umiya Buildcon Limited takes this significant step towards expanding its manufacturing capabilities, the move is expected to strengthen its position in the data communication and networking products sector, while also contributing to the growth of Karnataka's industrial landscape.

MRO-TEK Reality , formerly known as MRO-TEK Realty Limited, has made a significant move into the drone technology sector by signing a Memorandum of Understanding (MoU) with A2000 Solutions Private Limited. This strategic partnership aims to develop structured drone training labs and expand into Unmanned Aerial Vehicle (UAV) technology, marking a notable step in the company's diversification strategy.

Tamil Nadu Future Technology Hubs Initiative

The collaboration is part of the Tamil Nadu Future Technology Hubs (TNFTH) initiative, which seeks to position Tamil Nadu as a global hub for next-generation technology and skilled talent. TNFTH is described as potentially Asia's first integrated hub uniting seven emerging technologies:

• Artificial Intelligence
• Cybersecurity
• Drone technology
• Electric Vehicles
• Internet of Things & sensors
• 5G
• Enterprise Resource Planning

Strategic Expansion and Training Programs

The partnership between MRO-TEK Reality and A2000 Solutions involves establishing hubs across 10 key locations in Tamil Nadu, with Tirunelveli as the starting point. The training programs are designed to meet workforce needs across industries where drones are becoming essential, supporting the development of a knowledge-driven economy.

Impact on Business

This move represents MRO-TEK Reality's strategic expansion into next-generation technologies beyond its current dual-sector operations. By entering the drone technology arena, the company is positioning itself at the forefront of an emerging and potentially lucrative market.

Market Response

The news of this strategic partnership has garnered significant media attention, with coverage in major publications such as The Times of India (Chennai) and various online platforms.

Promoter Holding Update

In a separate development, Umiya Holding Private Limited, part of the promoter group, has increased its stake in MRO-TEK Reality. As per the latest disclosure:

This slight increase in promoter holding could be seen as a sign of confidence in the company's future prospects and strategic direction.

MRO-TEK Reality's expansion into drone technology, coupled with its participation in the TNFTH initiative, positions the company to capitalize on the growing demand for advanced technological solutions across various industries. As the drone sector continues to evolve, this strategic move could potentially open up new revenue streams and growth opportunities for the company.