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Ganesh Industrial Complex plans INR 600 crore investment in Delhi-NCR industrial parks

#Taxation & Finance News#Industrial#India#Delhi
Synopsis

Kolkata-based Ganesh Industrial Complex plans to invest around INR 600 crore in developing industrial parks across the Delhi-NCR region as it expands its presence amid growing demand for industrial and logistics infrastructure. The company is currently developing an industrial park at Sohna while acquiring additional land in Haryana, with plans to establish a footprint of about 110 acres in the region. It currently holds a land bank of more than 2,500 acres across Delhi-NCR and West Bengal, including over 1,000 acres earmarked for future developments. The expansion is being driven by improved transport infrastructure, growing manufacturing activity and increasing demand for warehousing and industrial facilities.

Ganesh Industrial Complex has announced plans to invest approximately INR 600 crore in the development of industrial parks across the Delhi-NCR region as the company seeks to expand its presence in one of India's fastest-growing industrial and logistics markets. According to Managing Director Alok Bajoria, the planned capital expenditure will support multiple industrial park developments in Haryana, where demand is increasingly shifting towards locations with strong transport connectivity. 
The company is currently developing an industrial park at Sohna and is in the process of acquiring land for additional projects in Haryana. Once these developments are completed, Ganesh Industrial Complex expects its footprint in the Delhi-NCR region to reach around 110 acres. 
Across Delhi-NCR and West Bengal, the company holds a land bank exceeding 2,500 acres, of which more than 1,000 acres have been earmarked for future projects. Bajoria said the total planned investment for the company's industrial park developments in the Delhi-NCR region stands at around INR 600 crore. 
He stated that occupier demand was increasingly extending beyond conventional industrial clusters, with locations along highways and expressways emerging as preferred destinations because of improved infrastructure and connectivity. According to the company, the expansion strategy is being supported by the development of new logistics corridors, better road connectivity and sustained demand from manufacturing and warehousing occupiers. 
Ganesh Industrial Complex currently operates four industrial parks in West Bengal covering 1,268 acres. Of these, two parks have been completed, one is scheduled for completion later this year and another remains at the planning stage. 
Unlike many industrial park developers that primarily lease developed space, the company follows a model based on the outright sale of developed industrial plots. Purchasers subsequently determine the nature of development, including manufacturing facilities, warehouses or integrated industrial units. 
According to Bajoria, the company is applying its experience in developing industrial parks in eastern India to its projects in Delhi-NCR, with emphasis on road connectivity, power infrastructure, regulatory compliance and access to airports, ports and logistics networks. He said the objective extended beyond the sale of industrial land to facilitating the development of supporting industrial ecosystems and supply chains around occupier facilities. 
The company stated that it has developed more than 43.79 million sq ft of industrial park space and currently serves over 1,000 clients. It added that Delhi-NCR is expected to remain a priority market as manufacturing companies and logistics operators increasingly seek infrastructure-ready industrial parks that support faster project implementation and supply chain efficiency. 
Source - PTI

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