IndoSpace, India’s leading developer and operator of Grade A industrial and logistics parks, has announced plans to invest up to INR 4,500 crore in new logistics and warehousing facilities in Tamil Nadu over the next three years. This expansion builds on an INR 2,000 crore Memorandum of Understanding (MoU) signed with the Tamil Nadu government last year, showcasing IndoSpace’s commitment to supporting the state’s industrial growth and the ‘Make in India’ initiative. The new investment will enhance the state’s thriving automobile, electronics, and manufacturing sectors.
The expansion is set to create over 8,000 new jobs, contributing significantly to Tamil Nadu’s economic development and boosting its industrial infrastructure. Tamil Nadu continues to attract major global manufacturers such as Hyundai, Nissan, Foxconn, and Pegatron, and IndoSpace’s industrial parks have been instrumental in building a robust supply chain ecosystem to support these Original Equipment Manufacturers (OEMs). By offering advanced infrastructure solutions across key industrial zones, IndoSpace has played a crucial role in establishing the state as a global manufacturing hub.
IndoSpace’s Presence in Tamil Nadu
IndoSpace currently operates 15 Grade A industrial parks in Tamil Nadu, providing over 8.8 million square feet of completed infrastructure, with an additional 2 million square feet under construction and 4.6 million square feet planned for future development. These parks are spread across 649 acres of land and cater to 66 tenants from diverse sectors including automotive, electronics, logistics, and engineering. The total equity committed by IndoSpace to Tamil Nadu stands at USD 380 million, with a potential chargeable area of 15.4 million square feet.
The company’s industrial and logistics parks support the ‘Make in India’ and ‘Make in Tamil Nadu’ initiatives by offering Plug-and-Play manufacturing solutions. These ready-to-use facilities allow businesses to set up operations quickly, reducing time-to-market and improving operational efficiency.
Rajesh Jaggi, Vice Chairman of Real Estate at The Everstone Group, commented on the company’s ongoing investments “Tamil Nadu’s industrial sector has experienced tremendous growth, and IndoSpace is proud to be a part of this transformation. Our continued investments, including the recent MoU with the Tamil Nadu Government, reflect our confidence in the state’s potential to become a global manufacturing hub. Through innovative solutions like Plug-and-Play facilities and customized industrial spaces, we are not only helping businesses succeed but also driving economic growth in the region. IndoSpace remains committed to supporting Tamil Nadu’s industrial progress and contributing to the nation’s broader vision of job creation and industrial advancement.”
IndoSpace is India’s largest developer, investor, and operator of Grade A industrial and logistics real estate. With 52 logistics parks and 58 million square feet of space under development or delivered, IndoSpace is a key player in building the country’s logistics and industrial infrastructure, supporting India’s ambition to become a global manufacturing leader.
