GreenBase, a Hiranandani Group subsidiary, recently inked a MoU with the Government of Tamil Nadu. COO Hemant Prabhu Keluskar and S Raghuraman, Business Head -South, were present on the occasion.
GreenBase has a joint venture with global private equity firm Blackstone and is a pan-India platform to build industrial, logistics and warehousing assets.
Niranjan Hiranandani, Founder & Managing Director, Hiranandani Group, said: “the MoU with state Government will see GreenBase invest Rs 750 crore to develop an industrial and logistics park at Vadakkuppattu, Oragadam yielding to multiple direct and indirect job opportunities for the workforce.
The industrial and logistics park at Oragadam envisages development of 2.8 million sq. ft. of built-up area for companies desirous of setting up manufacturing and logistics units. It will open up job prospects for various segments that shall help in the overall socio-economic growth in the region.
To crystalise these plans, the TN Government will extend support in the form of necessary infrastructural support, regulatory permissions and registrations subject to the applicable laws.
Keluskar said, “the industrial park is well located amidst the sprawling mixed-use integrated township ‘Hiranandani Parks’ in Oragadam offering a cutting edge advantage with a fully developed integrated socio-civic ecosystem and modern infrastructure.”