Page 2 - Industrial Park

TVS Industrial and Logistical Parks, Goa-IPB to set up warehousing park

TVS Industrial and Logistical parks has signed a memorandum of understanding with the Goa Investment Promotion and Facilitation Board for the development of a logistics and warehousing park in Goa. The strategic commitment involves an investment of Rs 125 crore, marking TVS ILP fostering industrial growth in Goa, a company statement issued here on Tuesday said. The state-of-the-art facility, to come up at the Verna Industrial Estate in Goa, would be spread across 15-20 acres and generate direct employment of 250 and indirectly 1,000 in the region, the statement said. TVS ILP CEO Ramnath Subramaniam exchanged documents with Goa-Investment Promotion and Facilitation Board CEO Swetika Sachan at the Invest Goa 2024 Summit recently. "Our partnership with Goa-IPB is a significant milestone for TVS ILP. The central government has been making investments in Goa's infrastructure, making it an attractive business destination. This MoU will help put Goa on the map for many businesses that ..

J-K to get Rs 80,000 cr investments for industrial ecosystem: L-G Sinha

Lieutenant Governor Manoj Sinha on Monday said Jammu and Kashmir will get investments to the tune of Rs 80,000 crore in the near future as the administration is keen to establish an industrial ecosystem that will help the local youth achieve their dreams. "The kind of enthusiasm I see and the kind of proposals we are getting, I am sure that, in the coming days, we will get investments of Rs 75,000 crore to Rs 80,000 crore. It will provide employment to five lakh people," Sinha said after laying the foundation stone of a private hospital and medical college here. Sinha said over the past two years, the Union Territory on an average has got six proposals per day for setting up industrial units. "If I take average of two years, we have been receiving proposals for setting up six industrial units every day," he added. Sinha said the hopsital and medical college project, which is estimated to come up at a cost of Rs 559 crore, was second such project in the valley after Milli Trust ...

Individual developers can set up industrial parks; Kerala revises policy

The Kerala government has decided to allow individual developers to set up industrial parks in the state and will provide them with Rs 3 crore for creating infrastructure facilities like roads, electricity and water supply within such estates. To facilitate individual developers to set up the parks and give a boost to the industrial infrastructure in the state, the government has revised its Private Industrial Estate (PIE) scheme, the Kerala State Industrial Development Corporation (KSIDC) said in a statement. Earlier, only companies, cooperatives and consortia of Micro, Small and Medium Enterprises (MSME) units were eligible to take advantage of the PIE scheme of 2022, it said. "As per the revised scheme, individual developers having a minimum of 10 acres of land at their disposal can apply for developing industrial parks. So far, eight individual developers have been given permits to build private industrial parks in different parts of the state, and 20 applications are under ...

TN kicks off BizBuddy Outreach programme to address industry concerns

SIPCOT or the State Industries Promotion Corporation of Tamil Nadu is an institution owned by the Government of Tamil Nadu to promote industrial growth in the state

33 teams to inspect Delhi industrial units to curb pollution: Gopal Rai

The Delhi government has constituted 33 teams to regularly inspect industrial units and bring pollution in the city under control, Environment Minister Gopal Rai said on Friday. He was speaking at a review meeting on industrial pollution with officers of Delhi Pollution Control Committee (DPCC), Delhi State Industrial and Infrastructure Development Corporation (DSIIDC), Municipal Corporation of Delhi (MCD), environment department and Delhi Development Authority (DDA). "It has been decided to deploy 141 patrolling teams comprising 472 personnel during the day time and 108 patrolling teams comprising 397 personnel at night from three departments all over Delhi to monitor dumping of industrial waste. "As many as 1,721 registered industrial units in Delhi have switched to PNG," Rai said. The teams will oversee all industrial units in Delhi and implement immediate measures to curb pollution, he said. Periodic reports will be submitted to the environment department based on their findin

Origins by Mahindra signs Mitsubishi Electric for $222 mn Chennai project

The new unit will be Mitsubishi Electric's first air-conditioner and compressor manufacturing plant in India; is expected to begin operations by October 2025

Leasing of industrial, warehousing space up 6% across tier I-III cities

Industrial and warehousing space leasing rose 6 per cent to 46.3 million square feet last year across major cities of India, according to Savills India. In its latest report, property consultant Savills India said that the leasing of industrial and warehousing space rose 3 per cent in 2022 across eight major tier-I cities to 36.2 million square feet from 35.1 million square feet. The absorption of space in tier II-III cities increased to 10.1 million square feet in 2022 from 8.6 million square feet in the previous year. The Tier II and III cities include Coimbatore, Guwahati, Indore, Nagpur, Lucknow, Jaipur, Rajpura, Bhubaneswar, Kochi/Ernakulam, Patna, Hosur, Madurai, Varanasi, Hubli and Ludhiana. Among the major cities in India, Delhi-NCR saw the highest absorption in 2022 at 16 per cent, followed by Mumbai at 14 per cent. Pune and Bengaluru saw absorptions at 13 per cent and 12 per cent, respectively, while tier II and III cities accounted for 22 per cent. Third-party logistic

Agri lands won't be acquired for industrial parks: TN govt amid protest

Agriculture lands will not be acquired for Annur and Mettupalayam industrial park projects in Coimbatore district and instead barren lands will be acquired, Tamil Nadu government assured amidst protests by farmers and opposition parties in the state. Considering the demand of farmers, instead of agricultural lands, only 1,630 acres of barren lands owned by private companies will be acquired for setting up the industrial parks, the government said. Also, satisfactory compensation would be provided to farmers who come forward to willingly give their lands without any compulsion, a release from the industrial department said. Farmers from several villages in Annur and Mettupalayam taluks protested against the taking over of their cultivable lands for the industrial park projects. BJP state chief K Annamalai, who led his party in staging a project in Annur on December 8, claiming not even a handful of soil would be given to the project, reacted to the announcement thanking the ...

SIPCOT to set up 11 new industrial parks in TN, to create over 2 lakh jobs

The State Industries Promotion Corporation of Tamil Nadu (SIPCOT) is in the process of establishing 11 new industrial parks in the state across sectors that would generate more than two lakh jobs in the region, a Confederation of Indian Industry and KPMG report said on Sunday. The move comes in the backdrop of Tamil Nadu leading across states in information and communication technology enabled governance with several e-governance projects successfully implemented across the state. Tamil Nadu was one of the first states in the country to formulate policies in the IT-ITeS sector in 1997. The industry has opened an opportunity for the promotion of software exports and services in the state. In the automobile industry, the state has attracted major projects from various companies including heavy commercial vehicle maker Ashok Leyland, automobile manufacturers Hyundai Motor India, BMW, Renault Nissan, among others. These major projects triggered a multiplier effect by attracting numerou

Telangana to develop dedicated industrial park for Taiwanese companies

A team from Taiwan Electrical and Electronic Manufacturers' Association (TEEMA) and Taipei Economic and Cultural Center (TECC) on Friday met Telangana Minister for IT and Industries K T Rama Rao and discussed a wide range of topics ranging from trade and economic cooperation to cultural exchange programmes. An official release said the minister spoke about Telangana's unique investment policy, TS-iPASS and also highlighted about creating a dedicated industrial park in the State for Taiwanese companies and jointly work with industry and trade organisations of Taiwan to take it forward. The Telangana government has enacted the "Telangana State Industrial Project Approval and Self-Certification System (TS-iPASS) Act, 2014" for speedy processing of applications for issue of various clearances required for setting up of industries at a single point based on the self-certificate provided by the entrepreneur and also to create investor friendly environment in the State of Telangana. The .

UP govt to promote private industrial parks under the 'make-in-UP' theme

The proposed policy aims to establish UP as an internationally competitive investment destination, generating employment and stoking sustainable economic growth.

Apeejay Surrendra raises Rs 300 cr for logistics, industrial parks biz

The Apeejay Surrendra Group on Thursday said it has raised Rs 300 crore through issuance of debentures for expansion of its logistics and industrial parks business. In a statement, the company said the Rs 300 crore fund has been raised through the Non-Convertible Debentures (NCD) route. The fund will fuel the ongoing expansion drive of Apeejay Surrendra Group's realty division Apeejay Real Estate. BPEA Credit, a leading private alternative investment firm in Asia, has invested in the NCD issued by the Apeejay Surrendra Group. Karan Paul, chairman of Apeejay Surrendra Group, said, "The government projection to reduce costs in the logistics sector by 10% in the next 5 years, unified policy, and a regulatory environment for end-to-end logistics services make the logistics and warehouse more and more promising. Backed by the government policy and with funds coming in, we are now on a rapid expansion drive." Apeejay Real Estate has a diverse portfolio including logistics and industrial

Chhattisgarh govt plans to set up 300 rural industrial parks in one year

Plans 300 rural industrial parks in 1 year

Stalin launches Centre for advance mfg; urges faster industry 4.0 adoption

Two centres at Sipcot Industrial Parks inn Hosur and Sriperumbudur also launched; Maturity Index survey also set up to help companies achieve their Industry 4.0 goals

Inside the Dholera-SIR activation zone, GAP Associates has acquired the first RERA-approved industrial park.

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Industrial, warehousing leasing up 35% in 2021; new supply rises 64%: Study

Leasing of industrial and warehousing spaces across eight major cities went up by 35% during 2021 to 35.1 million square feet, driven by higher demand from third-party logistics and e-commerce players

IndoSpace commits Rs 1,000 cr for JV to build real estate, logistics parks

The partneship will focus on smaller markets such as Pune, Mumbai, Delhi-NCR, and Bengaluru.

Avigna to invest Rs 837 cr to build industrial parks in Tamil Nadu

Avigna Industrial & Logistics Park on Saturday said it will invest Rs 837 crore in Tamil Nadu to develop industrial parks. The company has signed a Memorandum of Understanding (MoU) with the Tamil Nadu government for an investment of Rs 837 crore in the state, Avigna said in a statement. The agreement has been signed between Managing Director Rajasekaran S and Executive Director Abhijit Verma from Avigna Group and Tamil Nadu Chief Minister MK Stalin. Avigna will utilize the proposed investment to develop modern industrial development parks in various parts of Tamil Nadu in the coming years. We are pleased to announce this collaboration with the State Government and look forward to not only develop industrial parks but also bring economic development to the people of the state by generating employment opportunities," said Abhijit Verma, Executive Director and CEO of Avigna Group. Avigna is soon going to start operation of their first-of-kind food terminal market near Chennai which

ESR India to invest about Rs 300 cr on industrial park in Gujarat

ESR India will invest about Rs 300 crore to develop an industrial and logistics park in Gujarat as part of its expansion plan. ESR is a leading industrial and logistics real estate platform with a focus on Asia Pacific market. In a statement, ESR India announced "its plan to develop a 36.5-acre industrial & Logistics Park in Jalisana, an emerging industrial hub of North Gujarat". The proposed 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. The park is well connected to Delhi-Mumbai Industrial Corridor, Kandla Mundra, ICD Khodiyar and Thar Dry Port. "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," said Abhijit Malkani, CEO,

ESR inks MoU with TN govt to invest Rs 550 cr to build industrial parks

Industrial and logistics real estate platform ESR India said it has signed an agreement with Tamil Nadu government to develop two industrial parks with an estimated investment of Rs 550 crore