IndoSpace ramps up its investment in Tamil Nadu’s logistics sector, committing ₹4,500 crore towards new logistics and warehouse parks to boost the state’s manufacturing growth.
IndoSpace announced plans to increase its investment to ₹4,500 crore in logistics and warehouse parks across Tamil Nadu. This expansion, aimed at supporting the state’s growing manufacturing sector, marks a significant rise from its previous commitment of ₹2,000 crore.
Tamil Nadu has emerged as a preferred hub for global original equipment manufacturers (OEMs), with companies like Hyundai, Nissan, Foxconn, and Pegatron making substantial investments in the state. IndoSpace has played a key role in developing an ancillary ecosystem to support these OEMs, thereby fostering further industrial growth.
“Our ongoing investments, including a recently signed MoU with the Tamil Nadu government, underscore our belief in the state’s potential as a global manufacturing powerhouse,” said Rajesh Jaggi, Vice-Chairman, Real Estate, The Everstone Group. IndoSpace’s expanded investment is expected to generate over 8,000 new jobs, further accelerating economic growth and enhancing the state’s industrial infrastructure.
The new logistics parks will span 649 acres, housing 66 tenants across sectors such as automotive, electronics, logistics, and engineering. IndoSpace’s total equity committed to Tamil Nadu currently stands at USD 380 million, offering a potential chargeable area of 15.4 million sq ft.
IndoSpace, with a presence across 52 logistics parks and 58 million sq ft of space under development or delivered pan-India, continues to solidify its position as a major player in India’s logistics and industrial ecosystem.
