ESR India acquires 39 acre land in Chennai for Rs 332 crore to build logistics park

To expand its operation in Indian market, ESR – the Hong Kong-based logistics developer has announced that the company has acquired a 39-acre land in Chennai for Rs 332 crore to tap into the growing demand for warehouses and logistics facilities. Located on SH-48, close to Oragadam junction, the park would be connected by air, road, rail and ports.
Abhijit Malkani and Jai Mirpuri, Country Heads of ESR India states, “Due to its strategic location and connectivity to the world through ports, business environment, infrastructure and strong workforce, ESR Oragadam will be well-positioned to cater to the needs of the expanding industries across automobile, auto-ancillary, R&D centres, 3PL’s, E-commerce, electronics, energy, aerospace and defence. This investment is in synergy with ESR’s goal to build a significant portfolio of modern industrial and logistics infrastructure across the country.”