ESR Group has acquired 38 acres of land in Gujarat and plans to invest INR 400 crore in the development of an industrial and warehousing park in Sanand, Gujarat. According to the company, the project has a potential for 1 Mn-SqFt of development.
This will be ESR Group’s second investment in Gujarat, with their first investment being in Jalisana, a 37-acre project. Abhijit Malkani, CEO of ESR India, stated that this new park will contribute to the flourishing industrial ecosystem of the state.
The region of Sanand in Gujarat is home to 25 multinational and 300 domestic companies across various sectors such as automobile, auto ancillaries, FMCG, engineering, plastics, packaging, and electronics. The aim of this project is to provide a dedicated space for established and emerging electric vehicle (EV) manufacturing and ancillary units. This will contribute to expanding their presence in Ahmedabad, Gujarat.
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