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GMR Infrastructure lays foundation stone of proposed GMR Krishnagiri Special Investment Region

Capital Market 

GMR Infrastructure announced that its subsidiary, GMR Krishnagiri Special Investment Region (GKSIR) is set to invite investments from national and international investors at its large industrial area which is a joint venture with Tamil Nadu Industrial Development Corporation (TIDCO).

GKSIR will be developed in an area of 2100 acres in Denkanikottai, Hosur and Shoolagiri taluka's of Krishnagiri district. Through the SIR, GMR plans to unlock the value of the land in the district and thereby attract companies to invest in activities like manufacturing, services, commercial, education, research & development, skill development & training, tourism & hospitality, health, housing, entertainment etc.

The proposed GKSIR will focus on hi-tech industries in the field of Auto & Auto components, Defense & Aerospace, Electrical & Electronics, Precision Engineering, Food processing, Textiles & Logistics along with necessary Social, Commercial & Residential infrastructure.

GMR has already invested in the land and does not plan any major investment, other than development of infrastructure.

The basic infrastructure that is being planned includes development of plots of varying sizes with plug-n-play utilities like good wide road network, storm drainage, water supply, sewerage, WTP, STP, power supply & digital infrastructure. GKSIR is strategically located providing connectivity to multiple road network like SH 85, NH 844, access to 6 lane NH 44 and close to the proposed Satellite Township Ring Road.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, August 27 2018. 09:05 IST
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