KSH Infra to invest over Rs 550 crore in 60-acre logistics park in Tamil Nadu
(You can now subscribe to our
(You can now subscribe to our Economic Times WhatsApp channel
Warehousing and logistic parks developer KSH Infra is planning to invest more than Rs 550 crore to build its second industrial and logistics (I&L) park in Tamil Nadu, boosting its total investment in the state to more than Rs 1,000 crore.The company forayed into south India last year, with an investment of more than Rs 450 crore to develop its first park on a 50-acre land parcel in Hosur The second warehousing facility spanning 60 acres will be built in the Sriperumbudur-Oragadam corridor with a development potential of 1.6 million sq ft, adding to the 1.25 million sq ft at Hosur park.'At KSH Infra, we began with a vision to build Industrial & Logistics parks across four key cities like Pune, Mumbai, Bangalore, and Chennai,' said Rohit Hegde, managing director, KSH Infra. 'With our presence established in three of these markets, we are on our way to realising that vision. Over the next 2 to 3 years, our goal is to scale up to over 10 million square feet of high-quality, sustainable infrastructure across these high-growth corridors.'Construction of the new park is likely to begin by March-April 2026, and the development is estimated to generate over 1,500 jobs.The project will cater to evolving needs of global and domestic manufacturers, particularly across the automotive, electronics, and engineering sectors.The Sriperumbudur–Oragadam belt is already home to manufacturers like Hyundai, Essar Steel, Apollo Tyres , Michelin, Bridgestone, MRF , Foxconn, Flextronics, Dell, Samsung and Nokia. The location is fast evolving into a multi-sectoral industrial cluster.KSH Infra has so far invested more than Rs 2,000 crore in developing six industrial and logistics parks, with around 4 million sq ft grade A space successfully developed in Pune's Talegaon and Chakan areas. An additional around 3 million sq ft is currently under development.The company has previously raised capital from key global investors such as Hong Kong's Pacific Century Group, US-based Morgan Stanley Real Estate Investing (MSREI), and Singapore's Mapletree Investments, and India's IndoSpace.Investments in the industrial & logistics segment have remained strong led by rising demand for this asset class supported by the ongoing decentralisation of manufacturing capacity from China, coupled with government initiatives such as 'Make in India' and 'Production Linked Incentive (PLI) schemes.A favourable regulatory backdrop along with the government's support through policy and reforms are further expected to boost infrastructure spending, and in turn overall demand for modern logistics facilities.Confidence among developers, owners, operators, and investors in this asset class has remained high, owing to the rapidly increasing need for last-mile deliveries and logistics.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Indian Express
26 minutes ago
- Indian Express
From Donald Trump's pick for Singapore ambassador to 'embarassador': Why Anjani Sinha grilled in US Senate
Anjani Sinha, US President Donald Trump's nominee for ambassador to Singapore, faced intense criticism during his Senate confirmation hearing on Wednesday after struggling to answer basic questions about the island-state and US interests in the region. Sinha, an orthopaedic surgeon and entrepreneur with no diplomatic background, was pressed by Democratic Senator Tammy Duckworth on issues ranging from Singapore's trade surplus to the country's role in ASEAN and the US Navy's presence in the region. His inconsistent and often incorrect responses drew swift rebuke. Dr Anjani Sinha, a Florida-based orthopaedic and sports medicine surgeon, was nominated by President Trump in March to serve as the US Ambassador to Singapore. Hailing originally from India, Sinha graduated from MGM Medical School and Delhi University with a Master's in Orthopedic Surgery and has worked across both public and private health sectors in the US. He is also an entrepreneur who built a network of clinics across New York and later served as a senior surgical consultant in Florida. Trump praised him as a 'highly respected entrepreneur' and posted on Truth Social: 'I have no doubt that Anji will strongly represent our Nation's Interests, and put America First. Congratulations Anji!' The US State Department cited his 'native respect for both American and Asian values' and strong business background in the Indo-Pacific region as reasons for his selection. He and his wife, Dr Kiki Sinha, a retired anesthesiologist and former NYU faculty member, as per a document by Department of State, have donated to several educational institutions in the US and India. During the Senate confirmation, Duckworth questioned Sinha's knowledge of US-Singapore relations, ASEAN, and key regional issues. The nominee stumbled repeatedly, most notably when asked about Singapore's trade surplus with the US. He first claimed it was $80 billion, then corrected himself to $18 billion. The actual figure, Duckworth said, was just $2.8 billion. Dr. Anjani Sinha is deeply unprepared to effectively lead our nation's diplomatic mission in Singapore.⁰ ⁰He will not have my vote. — Tammy Duckworth (@SenDuckworth) July 9, 2025 When Senator Duckworth asked him when will Singapore chair ASEAN next, Sinha incorrectly stated that Malaysia currently held the position. Duckworth, a retired Army National Guard Lieutenant Colonel and the first Thai-American woman elected to Congress, pressed him again, prompting a pause, before finally supplying the correct answer herself: '2027'. Sinha also appeared uncertain while trying to defend President Trump's tariffs on Singapore. On April 2, Trump had announced a baseline 10 per cent tariff on imports from Singapore — despite a longstanding free-trade agreement between the two countries since 2004. Higher tariffs are anticipated in specific sectors, including semiconductors and pharmaceuticals. Attempting to justify the decision, Sinha said: 'I believe in the president's decision of a free trade … and he's resetting the trade numbers with each country and he's open for discussion and dialogue with these countries.' Duckworth pointed Singapore's strategic importance during the hearing, describing it as 'one of the most important alliances, friends' that the US has in the Indo-Pacific. She added that it was a key location where the US would be 'going to be fighting against [its] greatest adversary in the region, the PRC', referring to China. The most heated moment came when Duckworth, visibly frustrated, accused Sinha of treating the posting like a 'glamour job.' Duckworth told Sinha: 'You are not currently prepared for this posting, period, and you need to shape up and do some homework.' She added, 'You think this is a glamour posting, that you're going to live a nice life in Singapore, when what we need is someone who can actually do the work.' President Donald Trump's pick to serve as ambassador to Singapore, Anjani Sinha, faced tough questioning during a Senate confirmation hearing in which he struggled to answer inquiries from Illinois Democrat Tammy Duckworth about the city-state and its ties to Washington.… — Bloomberg (@business) July 10, 2025 The exchange has since gone viral in Singapore, where the US maintains significant strategic and economic interests. Critics online have mocked Sinha's lack of preparation, with one comment as reported by BBC, labelling him 'more embarassador than ambassador.' Despite the grilling, Sinha defended his candidacy, calling himself a 'lifelong bridge builder' and pledging to strengthen ties with Singapore. He was introduced at the hearing by Republican Senator Lindsey Graham as 'a friend of President Trump for over a decade.' A final vote on Sinha's confirmation remains pending.
Business Standard
30 minutes ago
- Business Standard
RVNL bags LoA for OHE upgradation project from
Rail Vikas Nigam (RVNL) has been awarded a letter of acceptance (LoA) by the South Central Railway for a significant project valued at Rs 213.22 crore. The contract encompasses the design, supply, erection, testing, and commissioning of an overhead equipment (OHE) upgradation project. This involves converting the existing 1x25kV system to a 2x25kV feeding system, including associated feeder and earthing works. The scope of work covers the Duvvada-Rajahmundry and Samalkot-Kakinada Port sections of the Vijayawada Division, falling under South Central Railway. The total length of the project spans 195.5 track kilometers (RKM) / 391 equivalent track kilometers (TKM). The domestic contract has to be executed within a period of 24 months. Rail Vikas Nigam is in the business of executing all types of railway projects, including new lines, doubling, gauge conversion, railway electrification, metro projects, workshops, major bridges, construction of cable-stayed bridges, institution buildings, etc. The company reported a 4.05% decrease in consolidated net profit to Rs 459.15 crore in Q4 FY25 as against Rs 478.56 crore posted in Q4 FY24. Revenue from operations slipped 4.27% YoY to Rs 6,426.88 crore in the quarter ended 31 March 2025. The scrip shed 0.81% to end at Rs 381.55 on the BSE on Friday.
Business Standard
30 minutes ago
- Business Standard
NCC secures Rs 2,269-cr order from MMRDA for Mumbai Metro Line 6 project
NCC announced that it has received a Letter of Acceptance (LoA) worth Rs 2,269 crore from the Mumbai Metropolitan Region Development Authority (MMRDA) for work on the Mumbai Metro Line 6 project. The contract for Package 1-CA-232 of the Mumbai Metro Rail Project's Line 6 (Swami Samarth Nagar to Vikhroli EEH) encompasses the entire lifecycle of essential systems. This includes the design, manufacture, supply, installation, integration, testing, and commissioning of rolling stock, communication-based signaling & train control, telecommunication systems, platform screen doors, and depot machinery & plant. The execution timeline includes a 24-month construction period, followed by a 2-year Defect Liability Maintenance Period (DLMP), and an additional 5 years of comprehensive maintenance post-DLMP. NCC clarified that the transaction is not a related party transaction, and no promoters, promoter group entities, or group companies have any financial or other interest in the awarding authority. NCC is engaged in the infrastructure sector, primarily in the construction of industrial and commercial buildings, housing projects, roads, bridges, flyovers, water supply and environment projects, mining, power transmission lines, irrigation and hydrothermal power projects, etc. NCC reported a consolidated net profit of Rs 253.82 crore in Q4 FY25, up 6.12% as against Rs 239.16 crore posted in Q4 FY24. However, revenue from operations tumbled 5.45% to Rs 6,130.88 crore in Q4 FY25 as against Rs 6,484.88 crore posted in Q4 FY24. The scrip shed 0.78% to settle at Rs 221.75 on Friday, 12 July 2025.
