IndoSpace has announced plans to significantly boost its investments in Tamil Nadu, committing up to ₹4,500 crore for the development of new logistics and warehouse parks. This follows a previous memorandum of understanding (MoU) worth ₹2,000 crore with the Tamil Nadu government last year, reinforcing the company’s dedication to the state and the Make in India initiative. The newly planned parks aim to support the booming manufacturing sectors, particularly in the automobile and electronics industries, which have been rapidly expanding in Tamil Nadu.
The investment is expected to create over 8,000 new jobs, fostering economic growth and enhancing the already robust industrial infrastructure of the state. Tamil Nadu has established itself as a favoured destination for global Original Equipment Manufacturers (OEMs), with major players such as Hyundai, Nissan, Foxconn, and Pegatron announcing significant expansions in the region. IndoSpace has been instrumental in developing an ancillary ecosystem that supports these OEMs, enabling seamless supply chain operations and accelerated industrial growth.
With a portfolio of 15 Grade A parks, IndoSpace has developed over 8.8 million square feet of infrastructure in Tamil Nadu, with an additional 2 million square feet currently under construction and plans for 4.6 million square feet in the future. These parks span 649 acres and host 66 unique tenants across diverse sectors, including automotive, electronics, logistics, and engineering. To date, IndoSpace has committed a total equity of USD 380 million to the state, offering a potential chargeable area of 15.4 million square feet.
Mr Rajesh Jaggi, Vice Chairman of Real Estate at The Everstone Group, stated, “Tamil Nadu’s industrial landscape has seen remarkable growth, and IndoSpace is proud to have played a key role in this transformation. Our ongoing investments and innovative infrastructure solutions, such as Plug-n-Play manufacturing facilities, are designed to help businesses thrive and drive the state’s economic development.” IndoSpace remains committed to supporting Tamil Nadu’s vision for industrial advancement and job creation, solidifying its position in the state’s logistics and industrial ecosystem.
