ESR India inks MoU with Tamil Nadu Government to set up

 ESR India inks MoU with Tamil Nadu Government to set up
two industrial parks in the state

~MoU signed for a potential investment of INR 550 crores ~

ESR India, the largest APAC focused industrial and logistics real estate platform, has inked a Memorandum of Understanding (MoU) with the Government of Tamil Nadu for a potential investment of INR 550 crores.

The MOU is signed for the launch of two industrial parks in Kancheepuram and Krishnagiri districts of the state over the next five years. Once fully operational, the two projects have the potential to create over 4,400 jobs in the facility, that shall boost the overall socio-economic growth in the region.

The MoU was signed at the Investment Conclave 2021 conference held today. It will facilitate ESR India’s proposed investment at Kancheepuram and Krishnagiri industrial parks by helping in streamlining land acquisition, approvals, clearances, and administrative processes as per existing policies, rules, and regulations of the Government of Tamil Nadu.

The policy and regulatory reforms unveiled in recent times has accentuated the entry of international institutional players and has set new benchmarks for industrial developments in the country.

Commenting on the development, Abhijit Malkani, CEO and Country Head, ESR India said, “We are delighted to announce our affiliation with the state government. The Government of Tamil Nadu has been very supportive in encouraging industrial developments in the state by creating a favourable business climate for industrial players. The MoU will see ESR invest INR 550 crores to develop industrial parks in Tamil Nadu, offering 1,800 direct & 2,600 indirect job opportunities in the facility.”

“Our goals are aligned with the vision of the Tamil Nadu Government, to create avenues to increase business and trade inclusion opportunities and employment towards garnering better economic growth in the region”, he further stated.

ESR India is currently present across 9 cities and 15 locations with a total GFA of 18 Mn. Sq. ft. These state-of-the-art facilities will be developed upholding the best practices for ESG and sustainability.

ESR announces its plan to develop North Gujarat's first

ESR announces its plan to develop North Gujarat's first Grade A Industrial & Logistics Park in Jalisana

 A 36.5-acre facility to boost industrial activity and logistics operations

ESR, the largest APAC focused industrial and logistics real estate platform, has announced its plan to develop a 36.5-acre Industrial & Logistics Park in Jalisana, an emerging industrial hub of North Gujarat. Strategically located on SH-07 (Viramgam Becharaji Highway), ESR Jalisana industrial and logistics park will cater to expansion and consolidation needs for engineering, electronics, energy, construction, machinery, automobile, auto-ancillary, e-commerce, and 3PL companies in the region. This Park, designed with best-in-class specifications, is well connected to Delhi-Mumbai Industrial Corridor, Kandla Mundra, ICD Khodiyar and Thar Dry Port. 

Close to established automobile manufacturing clusters of Vitthalapur and Becharji, Jalisana benefits from an existing industrial ecosystem and access to talent. Mandal-Becharaji region could emerge as India's largest automobile hub, as manufacturing units of Maruti Suzuki, Honda Cars, Honda Motorcycles and scooters and Toyota are already located in this region.

Located near Ahmedabad, Jalisana is evolving as a significant warehousing and industrial destination. ESR Jalisana will be an enabler for consolidation, with flexible leasing options from 40,000 sq. ft. to over 5,00,000 sq. ft Grade A spaces, a rare opportunity in this region.

Speaking on the development, Abhijit Malkani, CEO, ESR India, said, "We are excited to enter one of the fastest-growing industrial zones of the country, with a robust manufacturing base and an upsurge in e-commerce adoption. We are ready to contribute to Grade A spaces to further augment industrial and warehousing activity in the region. ESR Jalisana industrial & logistics park will boost ESR India's footprint to 18 million sq. ft. across strategically significant locations."

Gujarat has rapidly emerged as a preferred destination for domestic and foreign direct investments for its connectivity, infrastructure, and robust industrial ecosystem. It is also highly regarded for its policies promoting a favourable operational environment for businesses.