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Indospace to build three logistic parks in Gujarat

Logistic News - Published on Fri, 18 Jan 2019

Image Source: The Economic Times
PTI reported that Everstone-promoted IndoSpace said that it will invest INR 650 crore in Gujarat to develop three logistic parks over the next three years. IndoSpace has announced its foray into the state with start of construction work at its first logistic park in Bavla near Ahmedabad. The park will be spread over 47 acre with leasable area of 1 million sq ft. The park is located close to the industrial hubs of Sanand and Changodar and has easy access to Kandla and Mundra ports.With rising demand of industrial space, IndoSpace is planning to build two more logistics parks in Gujarat with a total leasable area of 1.5 million sq ft.

Rajesh Jaggi, Managing Partner, real estate Everstone Group, said "The Bavla industrial park not only marks our foray into Gujarat, it also shows our clear determination to strengthen our leadership in the light industrial manufacturing space. We plan to invest INR 650 crore in new parks across Gujarat. Upon completion, the projects are expected to generate employment for more than 10,000 people directly and indirectly.”

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Posted By : Joykumar Irom on Fri, 18 Jan 2019
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