Established in 1990, Arete Group operates across industrial parks, real estate, retail, and investment sectors. The Payal Industrial Park, which spans over 3,500 acres, is located in Dahej, a key industrial region in Gujarat. The second phase of development will include new infrastructure to support chemical, pharmaceutical, and engineering industries, in line with Gujarat’s positioning as a global manufacturing hub. The group plans to build sustainable and integrated facilities, including logistics support and effluent treatment plants.

According to company officials, the investment aligns with national goals of ‘Make in India’ and aims to generate significant employment opportunities. The project is also expected to attract ancillary industries and small and medium enterprises to the region.

Arete Group previously invested Rs eight billion in the park’s first phase and has already leased space to several large manufacturing firms.

Source: PTI