Avigna Industrial & Logistics Park has signed a Memorandum of Understanding (MoU) with the Tamil Nadu government for an investment of Rs 837 crore in the state.
The agreement has been signed between Tamil Nadu Chief Minister MK Stalin and Avigna Group Managing Director Rajasekaran S and Executive Director Abhijit Verma.
Avigna will utilise the proposed investment to develop modern industrial development parks in various parts of Tamil Nadu in the coming years.
Abhijit Verma, Executive Director and CEO of Avigna Group said, “Tamil Nadu government has always been known for their forward-thinking and welcoming nature towards the business community, encouraging to build a strong ecosystem. 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.”
He further added, “Avigna is soon going to start operation of their first-of-kind Food Terminal Market near Chennai which was delayed due to the pandemic. This 10ft million sq ft project is going to revolutionizse the way farmers trade their produce”.
Avigna Industrial & Logistics Park currently has warehouses in Hosur (Tamil Nade), Hoskote (Karnataka), and Nellore (Andhra Pradesh). The developer is rapidly expanding its footprints in western, eastern and northern parts of the country as well.
It is part of the Chennai-based Avigna Group, now a 45-year-old conglomerate.
