+
Arete Group To Invest Rs 12 Billion In Phase Two Of Gujarat Industrial Park
ECONOMY & POLICY

Arete Group To Invest Rs 12 Billion In Phase Two Of Gujarat Industrial Park

Arete Group has announced an investment of Rs 12 billion for the second phase of its Payal Industrial Park project in Gujarat. The expansion is aimed at enhancing industrial infrastructure and attracting a wide range of manufacturers to the state.

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

Arete Group has announced an investment of Rs 12 billion for the second phase of its Payal Industrial Park project in Gujarat. The expansion is aimed at enhancing industrial infrastructure and attracting a wide range of manufacturers to the state. 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

Next Story
Infrastructure Urban

Companies in GIFT City IFSC Cross 400 Mark

As of July 31, 2025, a total of 409 companies are operating in the Gujarat International Finance Tec City – International Financial Services Centre (GIFT IFSC), Finance Minister Nirmala Sitharaman informed Parliament.In a written reply in the Lok Sabha, she highlighted that the number of firms in GIFT IFSC has grown nearly fivefold in less than five years — from 82 on October 1, 2020, to 409 by July 2025.The centre now hosts a wide range of entities, including those in banking, asset management, and allied services, alongside other financial segments.To support GIFT IFSC’s growth, the go..

Next Story
Infrastructure Urban

GMDA to Prepare Fresh DPR for Naurangpur Sewage Treatment Plant

The Gurugram Metropolitan Development Authority (GMDA) will prepare a fresh detailed project report (DPR) for the proposed 40 million litres per day (MLD) sewage treatment plant (STP) at Naurangpur. The move comes after it was found that a high-tension power line and a 24-metre-wide road pass through the site allocated for the project, requiring a revised plan.According to officials, the original 3.65-acre land parcel transferred from the Municipal Corporation of Manesar (MCM) was reduced to 2.89 acres following the road development. The presence of the power line further divided the land into..

Next Story
Infrastructure Transport

PM Inaugurates Bihar Highway and New Ganga Bridge

Prime Minister Narendra Modi will inaugurate a key highway project on Friday, connecting Aunta (Mokama) and Simaria (Begusarai), featuring a newly built 1.865-km bridge across the Ganga.The project establishes direct road connectivity between Mokama in Patna district and Begusarai. The bridge has been constructed parallel to the old two-lane rail-cum-road Rajendra Setu, which is currently under repair and restricts heavy vehicle movement.The new bridge will allow heavy vehicles to avoid a detour of nearly 100 km while travelling between north Bihar districts such as Begusarai, Supaul, Madhuban..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?