Decentralized development planned in Tier-II cities
Chennai’s Samuthra Infrastructure Pvt Ltd aims to redefine India’s manufacturing ecosystem with developments of industrial and business parks spanning more than 10 states, expecting over US$10 billion in investments.
“Our decision to enter the industrial and business park sector aligns with our long-term vision of fostering industrial growth and creating sustainable development opportunities,” said Dr Subash Sukumar, Chairman and Managing Director of Samuthra Infrastructure.
“We are committed to leveraging our expertise in land aggregation to develop state-of-the-art industrial parks that will attract global investments and support the growth of domestic enterprises,” he said on 3 Jan 2025 https://www.bseindia.com/.
The company’s plans include establishing industrial and business parks in over 10 states across the country. The first phase will begin in Tamil Nadu, where industrial parks are being planned near the Chennai-Bangalore highway areas and Chennai port, ensuring seamless logistical connectivity https://www.nseindia.com/.
Additionally, Samuthra plans to develop business parks in Tier-II cities across the state, promoting decentralized development and balanced economic growth https://sbi.com.in/ .
These parks will provide unparalleled connectivity, robust infrastructure, and a suite of amenities catering to industries such as automotive, electronics, textiles, and information technology. By integrating with ports, airports, and national highways, the parks will offer exceptional logistical efficiency, bolstering India’s competitive edge in the global market.
Samuthra’s initiative is expected to generate over 2 lakh job opportunities and attract over US$10 billion in potential investments.
These figures underscore the transformative impact this project will have on India’s manufacturing sector and economy https://www.sgx.com/.
However, the US$10 billion investment is an expected projection based on market trends and industry interest.
In addition to fostering industrial growth, Samuthra Infrastructure is committed to sustainability and environmental stewardship. Green building practices and renewable energy solutions will be incorporated into the development of its industrial and business parks, aligning with global best practices and contributing to India’s sustainability goals https://www.conexpoconagg.com/. Fiinews.com
