IndoSpace signs ₹2000 cr MoU with Tamil Nadu

IndoSpace has signed a 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 TN chief minister M.K. Stalin and union minister Piyush Goyal.

Rajesh Jaggi, Everstone Group: “Tamil Nadu continues to be a very important destination for us in developing industrial parks. Signing this MoU is significant for us as it reaffirms the government’s trust in our capabilities.”

IndoSpace has an existing land bank of approximately 600 acres in the region.

With a presence of 14 Grade A industrial and logistics parks located around the main industrial hubs, IndoSpace has developed and leased around 13 mn. sq. ft. with a total investment of approximately ₹4000 crore in the state.

IndoSpace has the largest national network of 51 logistics parks with 58 million square feet delivered/under development across 11 cities.

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