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GreenBase, Tamil Nadu sign MoU to set up industrial, logistics park

The setting up of the park would see creation of multiple direct and indirect jobs besides boosting the socio-economic growth in the regiongreenbase

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Tamil Nadu | Industrial park | logistics

Press Trust of India  |  Chennai 

Chief Minister  E  Palaniswami  (above) says his government is closely  MONITORING all new projects and will take steps to ensure they come on stream fast
With 700 acres of seed land bank across Chennai, Pune, Nashik, Mumbai, and Durgapur, GreenBase has made rapid strides in a short time and is on course to deliver close to 12 million square feet in the next 3-5 years (above) says his government is closely MONITORING all new projects and will take steps to ensure they come on stream fast

: GreenBase, a Hiranandani Group

subsidiary, on Wednesday said it has signed a memorandum of understanding (MoU) with the government to set up an industrial and park near here at an investment of Rs 750 crore.

The setting up of the park would see creation of multiple direct and indirect jobs besides boosting the socio-economic growth in the region.

"The MoU with the government will see GreenBase invest Rs 750 crore to develop an industrial and park at Vadakkuppattu, Oragadam, yielding multiple direct and indirect job opportunities," founder of Hiranandani Group, engaged in real estate business, Niranjan Hiranandani said.

The proposed park, about 45 kms from the city, envisages development of 2.8 million square feet of built-up area for planning to set up manufacturing and units.

GreenBase COO Hemant Prabhu Keluskar said the is amid the sprawling mixed-use integrated township 'Hiranandani Parks' at Oragadam offering a cutting-edge advantage with a fully developed integrated socio-civic ecosystem and modern infrastructure.

With 700 acres of seed land bank across Chennai, Pune, Nashik, Mumbai, and Durgapur, GreenBase has made rapid strides in a short time and is on course to deliver close to 12 million square feet in the next 3-5 years.

"Expansion plans are in place to enter into other tier-I and II markets," the statement added.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Wed, October 14 2020. 22:26 IST
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