Industrial Park

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

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 ...

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

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 .

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

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

Plans 300 rural industrial parks in 1 year

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

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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

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

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 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,

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

Rough estimates by local industry owners indicate that at least 15 per cent of the 600,000-odd migrant workers employed in the region have already gone back

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

Chief Minister Adityanath has called for setting up townships within a radius of two km on either side of three key expressways

Park has so far drawn Rs 1800 crore investments

State to provide 10,000 acres for an exclusive cluster; Chinese companies to invest Rs 40,000 cr