Ample Parks Unveils Rs 8 Billion Logistics Hub at MWC Chennai

02 Jul 2025 CW Team

Ample Parks, the joint venture between Actis and Mahindra Lifespaces, has launched its first industrial and logistics estate at Mahindra World City (MWC) in Chennai. With a capital outlay of about Rs 8 billion, the development is the largest Grade A industrial site within MWC’s Domestic Tariff Area.

Spread across 71 acres near the Oragadam–Maraimalai Nagar industrial corridor, the park provides roughly 2.1 million sq ft of leasable space tailored to engineering, automotive and allied sectors, including electronics and white goods. Chief Executive Akash Rastogi said half a million square feet is immediately available. He expects annual revenue of around Rs 1.1 billion on completion and Rs 14 billion over the first decade, while creating employment for nearly 11,000 people.

Buoyed by Tamil Nadu’s industrial growth, Ample Parks plans a second Chennai project within three months and is eyeing sites in Hosur. Nationally, it aims to expand its land bank tenfold in five to seven years, targeting tier one cities such as Mumbai, Delhi NCR, Ahmedabad, Pune and Kolkata, alongside emerging hubs like Lucknow, Jaipur, Guwahati and Nagpur.

Infrastructure Urban

13 Oct 2025

Daikin Boosts Haryana’s Innovation Push with Rs 10 billion R&D Plan

Japanese multinational Daikin Industries has committed an investment of Rs 10 billion to set up a new research and development centre in Haryana. The proposed facility will focus on advanced technologies and sustainable industrial solutions, marking a significant boost to the state’s innovation and industrial ecosystem. The announcement follows the signing of a Memorandum of Understanding (MoU) in Osaka, Japan, during a visit by a Haryana government delegation held from October 6 to 8. The MoU was signed by Amit Kumar Agrawal, Commissioner and Secretary, Industries and Commerce Department, ..

Lloyds Metals to Build Rs 250 billion Steel Plant in Gadchiroli

Lloyds Metals & Energy Limited (LMEL) has announced an investment of Rs 250 billion aimed at transforming Gadchiroli in Maharashtra from a region once associated with the red corridor into a key industrial and growth hub. The company’s plans are centred on establishing an integrated steel production ecosystem, which will contribute significantly to regional development and employment. As part of its expansion strategy, LMEL is setting up a 4.5-million-tonne blast furnace in Gadchiroli, scheduled for completion by 2027–28, along with another 1.2-million-tonne facility in Chandrapur by 2029..

UPI Crosses 500 Million Users, Fuels MSME and Digital Growth

The Unified Payments Interface (UPI) has achieved a new milestone, surpassing 500 million consumers and 65 million merchants across India. The platform, developed by the National Payments Corporation of India (NPCI), has expanded its reach to nearly 99 percent of the country’s pin codes, underlining its deep penetration into both urban and rural markets. According to a report by NPCI and the Boston Consulting Group (BCG) launched during the Global Fintech Fest 2025, UPI has evolved from being a digital payments mechanism into a key enabler of financial inclusion and small business growth. I..