Shakuntalam Landcraft, a realty firm, intends to invest INR 1,500 Crore in the development of an industrial park on the former site of South Korean automobile maker Daewoo Motors’ manufacturing plant in Surajpur, Greater Noida.
The industrial park is set to accommodate over 600 micro, small, and medium enterprises (MSMEs), resulting in the creation of an estimated 25,000 direct and indirect jobs in the region.
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The firm acquired 204 acres of industrial land in Surajpur, Greater Noida, through an auction, spending approximately INR 359 Crore. Their plan is to transform this land into a gold-rated industrial park, capable of accommodating approximately 600 MSMEs, with a total investment of around INR 1,500 Crore.
The development of the industrial park, including amenities such as cemented roads, underground electricity distribution, a gated campus, CCTV surveillance, round-the-clock security, and other maintenance facilities, is expected to be completed within two years.
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