Embassy Industrial Parks expands footprint in south of India
January 28, 2019: After steadfast adherence with the north of the country, Embassy Industrial Parks says that its sights are now firmly focused on burgeoning south India. The industry and warehousing solutions company announced its entry into the industrial corridor between Bengaluru
January 28, 2019: After steadfast adherence with the north of the country, Embassy Industrial Parks says that its sights are now firmly focused on burgeoning south India. The industry and warehousing solutions company announced its entry into the industrial corridor between Bengaluru & Chennai. The company has acquired 60 acres of prime real-estate in Hosur, which is a strategically located park along the Bengaluru-Chennai highway NH 44 and only 60 kms from Bengaluru city centre.
Perhaps even more crucially, this optimum warehousing location is only 25 kms from the State Industries Promotion Corporation of Tamilnadu Limited (SIPCOT) which is spread over 1200 acres and provides key support for the development of medium and large industries. Already an established manufacturing hub, Hosur is host to multiple units that produce sophisticated products from trucks, automobile parts, motor cycles, textiles, electronics, TV sets and diesel engines.
The company further said that it is looking to build 1.3 million square feet of next-generation warehousing to cater to this regional footprint and demand. The total cost for this project is Rs 280 crores. Further, ease of connectivity to the rest of India is ensured as this park is located along the Golden Quadrilateral providing excellent road access.
Anshul Singhal, CEO, Embassy Industrial Parks shares, “We feel that Hosur, post GST is the next warehousing hub in South India. We plan to acquire more land there. This park will bolster our core offering to clients in this region who can now breathe easily. We have already defined our footprint in the North so moving around the country was the obvious next step. We have a clear ambition to scale our business rapidly, and selecting the right locations is allowing us to facilitate this process. There is a positive outlook for 2019, but this is definitely a great kick-start to the year for the company.”
As a double-whammy, along with announcing the project, Embassy Industrial Parks also has on board Stellar Value Chains as their client. Anshuman Singh, Chairman & MD, Stellar Value Chain Solutions shares, “Hosur is a pivotal location between Chennai and Bangalore. It’s the next booming industrial location and will also post GST emerge as a major warehousing hub. For us to be at the heart of this area, ensures a timely entry and a wider reach for our customers. We are pleased to have collaborated with EIP in Hosur for our requirement of 5 lakhs square feet.”
Currently Embassy Industrial Parks has 3 functional logistics & industrial parks in Delhi NCR and Pune. All parks service clients including Fortune 500 companies. Next on the anvil are 5 assets in Hyderabad, Bangalore, Delhi NCR, Mumbai and Chennai. Till date, the company has almost secured developmental potential of approximately 13 million square feet, of which 2 million will be operational soon.