IndoSpace to Invest Rs.4,500 Crore

14 Oct 2024 CW Team

The new logistics parks are expected to spread across key industrial hubs in Tamil Nadu, strategically positioned to support businesses with easy access to major highways and ports. By improving supply chain efficiency, the parks will play a crucial role in reducing transportation costs, optimizing inventory management, and increasing the overall competitiveness of industries operating in the region.

This investment aligns with IndoSpace’s long-term strategy to expand its presence in South India, where industrial growth has been on a steady rise. Tamil Nadu, in particular, has been a favorable destination for such investments due to its robust infrastructure, proximity to ports, and the state government’s supportive policies for industrial development. IndoSpace’s project will contribute to creating a modern logistics ecosystem, further solidifying the state’s position as a key industrial hub.

In addition to supporting the industrial sector, the logistics parks are projected to generate substantial employment opportunities, particularly in warehousing, logistics management, and transportation services. The project also aligns with the government’s focus on enhancing infrastructure to drive economic development. With this investment, IndoSpace aims to meet the growing demand for state-of-the-art logistics facilities, supporting businesses with scalable and efficient solutions, and contributing to the region's economic prosperity.

IndoSpace, one of India's leading developers of industrial and logistics parks, has announced plans to invest Rs.4,500 crore in establishing new logistics parks across Tamil Nadu. This significant investment aims to boost the state's industrial growth by enhancing warehousing and supply chain infrastructure. The logistics parks will cater to the growing demand for efficient storage and transportation facilities in various sectors, including e-commerce, automotive, and manufacturing, which rely heavily on seamless logistics operations. The new logistics parks are expected to spread across key industrial hubs in Tamil Nadu, strategically positioned to support businesses with easy access to major highways and ports. By improving supply chain efficiency, the parks will play a crucial role in reducing transportation costs, optimizing inventory management, and increasing the overall competitiveness of industries operating in the region. This investment aligns with IndoSpace’s long-term strategy to expand its presence in South India, where industrial growth has been on a steady rise. Tamil Nadu, in particular, has been a favorable destination for such investments due to its robust infrastructure, proximity to ports, and the state government’s supportive policies for industrial development. IndoSpace’s project will contribute to creating a modern logistics ecosystem, further solidifying the state’s position as a key industrial hub. In addition to supporting the industrial sector, the logistics parks are projected to generate substantial employment opportunities, particularly in warehousing, logistics management, and transportation services. The project also aligns with the government’s focus on enhancing infrastructure to drive economic development. With this investment, IndoSpace aims to meet the growing demand for state-of-the-art logistics facilities, supporting businesses with scalable and efficient solutions, and contributing to the region's economic prosperity.

Infrastructure Energy

12 May 2026

Surat Tops Gujarat in PM Surya Ghar Rooftop Solar Installations

Under the PM Surya Ghar Muft Bijli Yojana, rooftop solar systems have been installed on 588,047 houses across Gujarat, equal to about 0.588 million (mn) houses. Surat district emerged as the top performer in the state with 74,940 rooftop installations, followed by Ahmedabad with 69,522 and Rajkot with 65,514. Other districts with substantial uptake included Vadodara at 50,100 and Junagadh at 28,726. The figures were collated from state implementation reports and reflect installations completed under the subsidy and free distribution components. The scheme was launched two years ago to promote ..

Infrastructure Energy

12 May 2026

DCIL Commissions 150 kW Solar Rooftop Plant

Dredging Corporation of India Limited (DCIL) has commissioned a 150 kilowatt (kW) solar rooftop plant at its head office in Visakhapatnam as part of renewable energy initiatives under the Government of India’s PM Surya Ghar Yojana. The plant was commissioned by the managing director and chief executive officer, Captain S. Divakar. The project aims to reduce carbon emissions and improve operational efficiency. The installation represents a visible step in the organisation's decarbonisation agenda. DCIL said the solar plant is expected to generate around 750 units of clean energy per day, near..

Infrastructure Energy

12 May 2026

Tata Power And DGPC Take Hydropower Partnership Past 5,033 MW

Tata Power has expanded its clean energy partnership with Druk Green Power Corporation (DGPC) by adding the Nyera Amari I and II Integrated Hydropower Project of 404 megawatt (MW), taking the jointly identified portfolio past the 5,033 MW mark. The amendment to the memorandum of understanding raises the target from the original 4,500 MW agreed when the MoU was signed on 19 November 2024, with backing from the Royal Government of Bhutan and the Government of India. The development forms part of a broader bilateral effort to mobilise large-scale renewable capacity in Bhutan. The expanded portfol..