Hiranandani’s GreenBase Industrial & Logistics platform inks 2 lac sq. ft Industrial deal at Oragadam, Chennai-
By Varun Singh
Greenbase Industrial & Logistics Park (A Niranjan Hiranandani Group & Blackstone JV) announces the lease deal of Two lac sq. ft built to suit industrial space for Jost India, a global leader in manufacturing of components for commercial vehicles and agricultural equipment. The lease deal is signed for the tenure of 10 years at its self-sustainable mixed used integrated township Hiranandani Parks, Oragadam in South-West Chennai spread across 400 acres. The deal was signed in the presence of Mr. S Raghuraman, Vice-President, Greenbase Industrial Park, Chennai and Mr. G Pradeep, Managing Director, Jost India Components Pvt. Ltd. The facility is planned to be delivered and be operational by the end of 2022 generating employment for nearly 200 people.
Believing in the Group’s potency, Dr Niranjan Hiranandani – Founder – Hiranandani Group and Chairman – Greenbase Industrial and Logistics Park says “With the signing of this deal, our total delivered portfolio stands at 1.5mn sq. ft at Greenbase Chennai, a milestone accomplished in the short span of two years despite the unprecedented covid crisis. The Hiranandani Group in JV with Blackstone stays committed to invest over Rs 3000 crores to develop industrial and logistics parks across key cities in India. The existing land bank of close to 500 acres spread across 4 locations is dedicated for 15mn sq. ft of Industrial and Logistics Parks development. The group is actively scouting for new land parcels across the length of the country to further expand its footprint to achieve a business plan of close to 20 mn sq. ft in the next five years.” Additionally, he also highlighted that, “with several companies now operational at Greenbase Park, Chennai we have been successfully able to generate direct and indirect employment of approximately 4000 people. On earmarking this remarkable accomplishment, we strive to work more closely with the government of Tamil Nadu to additionally identify prospective locations to set up more such Industrial Parks.”
Oragadam, Chennai is an emerging economic centre best suited for a hub and spoke model, attracting the right mix of industrial and warehousing companies to set up their facilities in the Detroit of South Asia. Greenbase Park, aims to designate Oragadam as the new epicentre for the renewable energy industries to set up their industrial and logistics facilities. The well-connected road, rail, and port infrastructure favours multiple industries to establish their hubs in the best suited location. The globally acclaimed companies like Vestas, Gurit, and Hydraspecma have commenced their fully scaled operations from Greenbase Parks, Oragadam providing direct and indirect employment opportunities to multi-layered workforce successfully.
Speaking on the occasion, Mr Hemant Prabhu, Chief Operating Officer at Greenbase says that “We are gratified to forge a long-establishing business alliance with Jost India, with an aim to strengthen our business-model and add a valuable customer to our Hiranandani Family. This partnership will certainly build the deep synergies between the two organisations of a great repute, enabling an opportunity for the holistic development of the infrastructure ecosystem.” He further added that, “By leveraging the group’s pioneering expertise of developing diversified real estate assets over more than four decades with an efficient in-house team of nearly 1600 professionals, we are fully committed to deliver the ‘customer delight’.
In the light of the current geo-political upheaval, it is imperative for India, the fastest growing economy of the world, to reform and strengthen its supply chain dynamics. However, in this age of globalization it is crucial that businesses and partnerships are built on a strong foundation of the long term economic and sustainable synergies. At Hiranandani, we are committed to provide cutting edge solutions, assist in regulatory approvals and the requisite guidance in availing the PLI scheme to foster conducive business ecosystem and truly a value proposition to our diversified customer portfolio. Through our pan India presence, we aim to be the preferred destination for Industrial & Logistics spaces. Our company’s vision is fully aligned with Hon’ble PM Narendra Modi’s ambitious mission to elevate India as a global manufacturing hub and rise to the occasion to of becoming an ‘Atmanirbhar Bharat’
Also Read: Lodha forays into Powai, with Lodha Bellagio
