Welspun One commits a substantial investment of Rs 2,000 crore in Tamil Nadu over the next five years.
Welspun One has unveiled plans to invest Rs 2,000 crore in Tamil Nadu for the development of industrial and logistics parks. The memorandum of understanding (MoU) was formalised during the Tamil Nadu Global Investors Meet 2024, showcasing Welspun One’s commitment to contributing significantly to the state’s industrial growth.
Anshul Singhal, Managing Director of Welspun One, highlighted the company’s focus on sustainable infrastructure and job creation. This marks the second MoU with the state government, following a Rs 2,500 crore investment announcement in 2021.
The initial MoU resulted in the successful development of two projects: The Chinnambedu Industrial and Logistics Parks, offering over 2.3 million sq ft of leasable space, and Bagalur Industrial and Logistic Parks, providing 9.5 lakh sq ft of grade-A leasable space. These projects generated around 8,000 jobs and established partnerships with notable clients like Montra Electric (from TIVOLT), Parekh Integrated Solutions, and Yanmar.
Welspun One’s investment aligns with its commitment to sustainable infrastructure, job creation, and contributing meaningfully to Tamil Nadu’s industrial landscape.