Pact with Tamil Nadu, shows our belief in the state’s potential as manufacturing powerhouse. Through Plug n Play manufacturing facilities and customised industrial spaces, we are aiding businesses thrive and drive TN’s economic development, says Rajesh Jaggi, Vice Chairman, Real Estate, The Everstone Group.
CT Bureau
IndoSpace has plans to increase its investments up to `4,500 crore in new logistics and warehouse parks in Tamil Nadu. Following an MoU with the Tamil Nadu government last year, this new announcement highlights the firm’s dedication to the state and the Make in India initiative. These parks will support the growing manufacturing sectors such as automobile and electronics in the state. Tamil Nadu continues to be a preferred destination for global Original Equipment Manufacturers with Hyundai, Nissan, Foxconn, and Pegatron, which are announcing expansions in Tamil Nadu.
IndoSpace has helped in developing an ancillary ecosystem that supports these OEMs, facilitating seamless supply chain operations and enabling faster industrial growth. The company’s parks, located across key industrial zones, have provided infrastructure to industries, contributing to Tamil Nadu’s growing prominence as a global manufacturing hub.
IndoSpace’s presence in Tamil Nadu: With a portfolio comprising 15 Grade A parks, the firm has developed over 8.8 million square feet of infrastructure, with an additional 2 million sq. ft., under construction and 4.6 million square feet planned for future development. These parks are spread over 649 acres of land and serve 66 tenants from a variety of sectors, including logistics, automotive, electronics, and engineering. IndoSpace’s total equity committed to the state as on date stands at US$380 million, and the facilities offer a potential chargeable area of 15.4 million square feet reinforcing the company’s presence in Tamil Nadu’s industrial ecosystem.
IndoSpace is proud to have played a key role in the transformation of Tamil Nadu, whose industrial landscape has grown by leaps and bounds. “Our ongoing investments, including a recently signed MoU with the Tamil Nadu government, demonstrate our belief in the state’s potential as a global manufacturing powerhouse. Through innovative infrastructure solutions such as Plug n Play manufacturing facilities and customised industrial spaces, we are helping businesses thrive, while driving the state’s economic development,” Rajesh Jaggi, Vice Chairman, Real Estate, The Everstone Group, said.
Parks in Tamil Nadu
- Oragadam I
- Oragadam I Phase II
- Oragadam II
- Oragadam II Phase II
- Oragadam III
- Oragadam IV
- Vallam
- Vallam II
- Pollivakkam
- Puduvoyal
- Mevalurkuppam
- Vishnuvakkam
- Koodapakkam
- Kunnam
- Coimbatore
