IndoSpace to invest Rs 4500 cr in Tamil Nadu over next three years

IndoSpace today announced plans to increase its investments up to Rs 4,500 crore in new logistics and warehouse parks in Tamil Nadu. “Following an INR 2000 crore MoU with the Tamil Nadu government last year, this new announcement highlights the firm's dedication to both the state and the Make in India initiative. These parks will support the growing manufacturing sectors like automobile and electronics in the state. Significantly, this investment is expected to create 8000 + new jobs, accelerating economic growth and enhancing the state’s already credible industrial infrastructure,” reads the release.