May 15, 2014 Steel modular buildings factory in Indapu Eco Hotels UK Plc has developed the world's first carbon neutral hotel brand, The Eco and Ecolodge. Red Ribbon Asset Management are the owners of Eco Hotels UK. Red Ribbon is currently setting up steel modular buildings factory in Indapur, Pune. This unit will have an annual capacity to roll out 40 hotels with 100 rooms each per annum. The production is likely to start in 2015.