South of Chennai city near . Mahabalipuram an integrated township planned. It for Japan's industries, housing and related social infrastructure to its employees along the lines they are used to at home is set to take shape early next year.
JGC Corporation..!
The one of the partners promoting the township is JGC Corporation. It’s Advisor Business Promotion person Mr. Shuhei Maruyama said, The township will facilitate investment by large, medium and high tech industries in Japan into India, The large players such as automobile giants have the capacity to make it on their own globally, but there are some relatively smaller players with global ambition who need a helping hand. That will be the role of this township”
In 2012, January, the process of arriving at agreements with companies that plan to take space at the facility will begin, prelease contracts are to be signed from 2012, March, and land allotment is to commence from the third quarter of 2012.
OMR..!
The township is to come up about 50 km to the south of Chennai on OMR (Old Mahabalipuram Road), well-connected to NH (National Highway) 45, and to the industrial areas of Sriperumbudur and Oragadam industrial belt to the west and to the airport.
The exact location, close to Mahabalipuram, cannot be divulged as there is a little land acquisition still on.
The partners in the project are two Japanese giants - JGC Corporation, a multi billion dollar company with diversified operations and Mizuho Corporate Bank, a mega bank with assets totalling more than $ 88000 crore and operations in about 30 countries., and a Singapore-based multinational real estate developer, Ascendas.
The three partners signed an agreement to develop the project in 2010, November.
This followed an agreement between Mizuho Corporate Bank and the Tamil Nadu Government's industrial facilitation arm, the Guidance Bureau in February 2010, to facilitate entry of Japanese companies into the State.
The target industries will be from a wide range of sectors, including automobiles, food and beverage, logistics, light manufacturing and a range of emerging sectors. Industrial infrastructure will be created to support these industries.
The company is expecting support from the Tamilnadu government to facilitate clearances and expedite establishment of factories and offices.
450 acre residential area..!
At the township, about 575 acres of industrial space and 700 acres of non-industrial space, including 450 acres of residential area, a 56 acre business centre with suburban offices, and 49 acres of retail and commercial space are to be created. A 110 acre golf course will also come up as a part the township. In the first phase, more than 400 acres will be developed in the township.
Src: Business Line.
JGC Corporation..!
The one of the partners promoting the township is JGC Corporation. It’s Advisor Business Promotion person Mr. Shuhei Maruyama said, The township will facilitate investment by large, medium and high tech industries in Japan into India, The large players such as automobile giants have the capacity to make it on their own globally, but there are some relatively smaller players with global ambition who need a helping hand. That will be the role of this township”
In 2012, January, the process of arriving at agreements with companies that plan to take space at the facility will begin, prelease contracts are to be signed from 2012, March, and land allotment is to commence from the third quarter of 2012.
OMR..!
The township is to come up about 50 km to the south of Chennai on OMR (Old Mahabalipuram Road), well-connected to NH (National Highway) 45, and to the industrial areas of Sriperumbudur and Oragadam industrial belt to the west and to the airport.
The exact location, close to Mahabalipuram, cannot be divulged as there is a little land acquisition still on.
The partners in the project are two Japanese giants - JGC Corporation, a multi billion dollar company with diversified operations and Mizuho Corporate Bank, a mega bank with assets totalling more than $ 88000 crore and operations in about 30 countries., and a Singapore-based multinational real estate developer, Ascendas.
The three partners signed an agreement to develop the project in 2010, November.
This followed an agreement between Mizuho Corporate Bank and the Tamil Nadu Government's industrial facilitation arm, the Guidance Bureau in February 2010, to facilitate entry of Japanese companies into the State.
The target industries will be from a wide range of sectors, including automobiles, food and beverage, logistics, light manufacturing and a range of emerging sectors. Industrial infrastructure will be created to support these industries.
The company is expecting support from the Tamilnadu government to facilitate clearances and expedite establishment of factories and offices.
450 acre residential area..!
At the township, about 575 acres of industrial space and 700 acres of non-industrial space, including 450 acres of residential area, a 56 acre business centre with suburban offices, and 49 acres of retail and commercial space are to be created. A 110 acre golf course will also come up as a part the township. In the first phase, more than 400 acres will be developed in the township.
Src: Business Line.
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