Page 36 - ITLN January - February 2024 Issue for the Website

News

IndoSpace signs ₹2000 crore MoU with Tamil Nadu

ndoSpace has signed a Memorandum
Iof Understanding (MoU) valued
at ₹2000 crore with the Tamil Nadu
Government during the Tamil Nadu
Global Investors Meet 2024.
The announcement was made under
the backdrop of the Tamil Nadu Global
Investors Meet 2024, presided over
by M.K. Stalin, Chief Minister of Tamil
Nadu and Piyush Goyal, Union Minister
of Commerce and Industry. This
investment by IndoSpace is anticipated
to generate 15,000 new jobs, providing
a substantial boost to employment important destination for us in contribute to enhancing the state's
opportunities in the state. developing industrial parks. It makes industrial infrastructure. Signing
Rajesh Jaggi, vice chairman - us proud that in providing world- this MoU is significant for us as it
real estate, Everstone Group, said: class industrial logistics facilities reaffirms the government’s trust in
“Tamil Nadu continues to be a very to our clients, we are also able to our capabilities.”

Maersk, TN Govt sign MoU Atal Setu - India’s longest

for logistics hubs bridge - opens possibilities

rime Minister Narendra Modi inaugurated
Pthe longest bridge of the country - Atal Setu
- connecting Sewri in South Mumbai with Chirle
in Uran over 21.8 kms.
"The inauguration of Atal Setu exemplifies
India's infrastructural prowess and underscores
the country's trajectory towards a Viksit Bharat
(Developed Bharat)," Modi said after the
inauguration. Even though these development
projects are taking place in Mumbai, the entire
aersk and the Government robust infrastructure and a nation’s eyes are glued to it, Modi added.
Mof Tamil Nadu signed a future-proof talent pool make it “Every such project contributes to the
memorandum of understanding an attractive destination to invest development of a magnificent India,” the Prime
(MoU) during the Tamil Nadu in. “We offer robust integrated Minister said. Modi said steel used in the project
Global Investors Meet 2024. logistics solutions in Tamil is sufficient to construct four Hawara Bridges
As per the MoU, Maersk and Nadu to various global and local and six Statue of Liberty. The Prime Minister
the Government of Tamil Nadu customers across sectors such thanked the Government of Japan for their
entered a partnership that as renewables, automotive, assistance and remembered Prime Minister
allows both to explore strategic electronics, etc. Looking at the Shinzo Abe.
opportunities together and enable potential for growth in trade out
the state’s growing trade, says an of the state, we are now ready
official release from Maersk. to explore opportunities that
“We have a long-standing will allow us to develop land for
25-year relationship with the integrated logistics hubs, build
state of Tamil Nadu," says Vikash warehousing infrastructure and a
Agarwal, Managing Director, sustainable distribution network
South Asia, Maersk. "The state’s to strengthen our integrated
conducive business ecosystem, logistics solutions.”
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January - February 2024 www.itln.in