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Avigna Industrial & Logistics Park on Saturday said it will invest Rs 837 crore in Tamil Nadu to develop industrial parks. The company has signed a Memorandum of Understanding (MoU) with the Tamil Nadu government for an investment of Rs 837 crore in the state, Avigna said in a statement. The agreement has been signed between Managing Director Rajasekaran S and Executive Director Abhijit Verma from Avigna Group and Tamil Nadu Chief Minister MK Stalin. Avigna will utilize the proposed investment to develop modern industrial development parks in various parts of Tamil Nadu in the coming years. We are pleased to announce this collaboration with the State Government and look forward to not only develop industrial parks but also bring economic development to the people of the state by generating employment opportunities," said Abhijit Verma, Executive Director and CEO of Avigna Group. Avigna is soon going to start operation of their first-of-kind food terminal market near Chennai which
ESR India will invest about Rs 300 crore to develop an industrial and logistics park in Gujarat as part of its expansion plan. ESR is a leading industrial and logistics real estate platform with a focus on Asia Pacific market. In a statement, ESR India announced "its plan to develop a 36.5-acre industrial & Logistics Park in Jalisana, an emerging industrial hub of North Gujarat". The proposed park will cater to expansion and consolidation needs for engineering, electronics, energy, construction, machinery, automobile, auto-ancillary, e-commerce, and 3PL companies in the region. The park is well connected to Delhi-Mumbai Industrial Corridor, Kandla Mundra, ICD Khodiyar and Thar Dry Port. "We are excited to enter one of the fastest-growing industrial zones of the country, with a robust manufacturing base and an upsurge in e-commerce adoption. We are ready to contribute to Grade A spaces to further augment industrial and warehousing activity in the region," said Abhijit Malkani, CEO,