Avigna Industrial & Logistics Park, part of Chennai-based Avigna Group will invest Rs 500-600 crore in developing 4 million sq ft Grade A warehousing facility at Karnataka’s Hoskote.
The industrial park will have a Grade A warehousing capacity, to cater to the most technologically advanced requirement for the supply chain management. Avigna plans to hand over the first 1 million sq.ft at the Hoskote Industrial Park in 2022-23.
The company recently leased out their first 1 million sq. ft space of industrial warehouse at Hosur Park in Tamil Nadu to marquee brands such as Whirlpool NSE 1.94 %, Wakefit and Stellar Value Chain and is looking forward to achieve similar success with the Hoskote Industrial Park.
“We are delighted to announce that the construction of industrial warehouse has begun after the laying of the foundation stone at Hoskote, Karnataka. Such a development will fill a gap in the demand for modern, state of the art warehousing and logistics facilities in India for which we are already in discussion with multiple clients,” said Abhijit Verma, the Executive Director and CEO at Avigna Group.
The project is a part of Avigna’s Rs 2000 crore expansion plan to have a footprint of 10 million sq ft warehouse space over the next three years. Besides warehouses in Hosur (TN), Chennai (TN) and Nellore (Andhra Pradesh), Avigna is also looking at a PAN India expansion establishing its presence in the Western (Bhiwandi, Jaipur), Northern (Farrukhnagar, Haryana) and Eastern India (Patna, Guwahati, Kolkata) to name a few.
Source: https://economictimes.indiatimes.com/industry/services/property-/-cstruction/avigna-industrial-logistics-park-to-develop-warehousing-facility-in-karnataka/articleshow/86265026.cms