Rs. 2500 cr MoU signed to build industrial, logistics parks

ESR India has inked a memorandum of understanding with the Karnataka government to invest ₹2,500 crore in the state. As a part of the MoU, the company will build industrial and logistics parks, urban distribution centres, and data centres in the state. Abhijit Malkani, CEO ESR India said, “Karnataka is a significant market for us due to its mature industrial ecosystem. We aim to bring world-class development expertise in industrial and logistics parks, urban distribution centres and data centres to enrich the state’s industrial, logistics and data infrastructure.” “The MoU will accelerate development and attract more investments from multinational and national companies. ESR has committed to a significant investment of Rs 2500 crores over a period of 3 years. Our vision is aligned with the government of Karnataka to champion industrial progress and socio-economic growth in the region,” Malkani added.