Two industrial parks to come up in Tamilnadu

Chennai: The Tamilnadu government has inked a Memorandum of Understanding with ESR India, an APAC focused industrial and logistics real estate platform, for a potential investment of Rs 550 crore.

The MOU was signed for the launch of two industrial parks in Kancheepuram and Krishnagiri districts of the State over the next five years. Once fully operational, the two projects have the potential to create over 4,400 jobs.

The pact will facilitate ESR India’s proposed investment at Kancheepuram and Krishnagiri industrial parks by helping in streamlining land acquisition, approvals, clearances, and administrative processes as per existing policies, rules, and regulations of the government of Tamilnadu.

 

NT Bureau