BENGALURU: Avigna Industrial and Logistics Park, part of Chennai-based Avigna Group , on Saturday said it has partnered a memorandum of understanding with the Tamil Nadu government to invest ₹837 crore to develop industrial parks across the state. “Tamil Nadu Government has always been known for their forward thinking and welcoming nature towards the business community, encouraging to build a strong ecosystem. Avigna Industrial and Logistics Park currently has warehouses in Hosur (Tamil Nadu), Hoskote (Karnataka) and in Nellore district of Andhra Pradesh. Earlier this week, logistics platform ESR India also signed an agreement with the Tamil Nadu government to invest ₹550 crore to launch two industrial parks in Kancheepuram and Krishnagiri districts of the state over the next five years. The MoU will see ESR invest ₹550 crore to develop industrial parks in Tamil Nadu, offering 1,800 direct and 2,600 indirect job opportunities in the facility."

Source: Mint July 24, 2021 07:30 UTC