Bloomberg reported that UK based supplier of steel structures Severfield-Rowen Plc plans to build India's biggest steel structures factory to counter project delays in its home market.

Mr Tom Haughey CEO of Severfield-Rowen Plc during a telephone interview said that it has taken on a partner for a major' joint venture to produce pre made steel towers for the booming Indian construction market.

Mr Haughey however declined to comment further on the project, which will be formally announced before year end.

Mr Haughey said that “He is targeting expansion in India because the outlook for UK demand is more uncertain.' British factories will be running at full speed into the middle of 2009 based on current orders, though there are signs of a slowdown in recent months. India, by contrast, plans to spend USD 500 billion to build roads, ports and bridges to lift annual growth to 10% from about 9% during the next five years.”

He said that “Our expansion plans are in India and on day one of its opening, our plant will be the biggest steel working factory in the country.”