The Hindu : Business : G. K. Industrial Park becomes operational

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Thursday, Jun 02, 2011
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G. K. Industrial Park becomes operational

Corporate Reporter

CHENNAI: The first phase of G. K. Industrial Park, located at Tiruchi-Chennai Highway is operational, according to K. G. Muralidharan, Managing Director.

Addressing presspersons here on Wednesday, he said the Park was being developed on 600 acres to offer world-class developed industrial plots. The first phase was completed on 350 acres. Already 10 companies including Kavin Engineering, Adroit MacFab, Spray Engineers and Techno Nexus have taken up space. Negotiations were on with another ten companies and the deal would be concluded soon, he said. Mr. Muralidharan said the Park had also signed up with a Malaysian engineering company, which would be setting up its production facilities in 35 acres.

He said the Park was designed to cater to small, medium and large industries with flexibility to accommodate peculiarities of scale, skill and focus. The Park was expected to be fully operational by 2012-13.

The Park had invested around Rs.250 crore to create infrastructure. The investment was being funded through debt and equity. IL&FS Investment Managers had taken up 82 per cent equity and invested around Rs.70 crore in the Park.

The MD said already a small cluster of small industries had been built within the Park to provide support services for industries.

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