IndoSpace Signs MoU to Invest Over ₹2,000 cr in Tamil Nadu

a Memorandum of Understanding (MoU) with the government of Tamil Nadu

IndoSpace, a leading provider of industrial and logistics real estate, has entered into a Memorandum of Understanding (MoU) with the government of Tamil Nadu. The agreement outlines IndoSpace's commitment to investing over ₹2,000 crore across the state to address industrial requirements. This substantial investment is expected to create job opportunities for 15,000 individuals and will involve the development of an additional five million sq. ft. of land. IndoSpace aims to contribute to Tamil Nadu's industrial infrastructure by offering world-class industrial logistics facilities. With an existing land bank of approximately 600 acres in the region, IndoSpace has already developed and leased around 13 million sq. ft. across 14 Grade-A industrial and logistics parks in strategic locations.