IndoSpace Inks Rs 2000 Cr MoU With Tamil Nadu At Global Investors Meet 2024
IndoSpace, on Monday, said that it has signed a Memorandum of Understanding worth Rs 2000 crore with the Tamil Nadu Government during the Tamil Nadu Global Investors Meet 2024.
This agreement signifies IndoSpace's steadfast commitment to the state's industrial landscape and economic growth.
The official announcement was made under the backdrop of the prestigious Tamil Nadu Global Investors Meet 2024, presided over by Mr. M.K. Stalin, Honourable Chief Minister of Tamil Nadu and Piyush Goyal, Union Minister of Commerce and Industry, the Government of India. This investment by IndoSpace is anticipated to generate 15,000 new jobs, providing a substantial boost to employment opportunities in the state.
Rajesh Jaggi, Vice Chairman - Real Estate, Everstone Group, said: “Tamil Nadu continues to be a very important destination for us in developing industrial parks. It makes us proud that in providing world-class industrial logistics facilities to our clients, we are also able to contribute to enhancing the state's industrial infrastructure. Signing this MoU is significant for us as it reaffirms the government’s trust in our capabilities. We are confident that this partnership will not only contribute to Tamil Nadu’s economic development but also work towards strengthening the overall economy for the nation.”
This MOU with the Tamil Nadu Government is a part of the organisation’s continued commitment towards supporting industrial requirements and has led to the planning of an additional 5 mn. sq. ft. of land in the state.
