ESR Group plans Rs 400 crore logistic park in Gujarat

Asia-Pacific focused major real estate services and investment conglomerate ESR Group is planning to build a 1 million square foot warehouse logistics park in Sanand, Gujarat with an investment of over 400 crore. The project aims to tap into the demand arising from ancillaries supplying electric vehicle (EV) manufacturers. The Hong Kong-listed company has acquired a 38-hectare property for its second investment in the state, the first being a 37-hectare project in Jalisana.

While the infrastructure of the first project is ready, the new project is expected to be completed over the next three years.

“Gujarat is attracting one of the highest levels of FDI in India and is currently being transformed into a manufacturing and assembly center for electric vehicle (EV) batteries. The availability of world-class infrastructure in a strategic location like Sanand is essential for the industrial growth of the region and will increase its electric vehicle manufacturing capacity,” said Abhijit Malkani, CEO of ESR India. The project aims to create a concentrated space for established and emerging EV manufacturing and ancillary units to expand their presence in Ahmedabad and capitalize on this thriving ecosystem.

In addition, the proposed project has a port connection to facilitate import and export of components and has access to the port of Kandla, India’s largest container port, and is well connected to the ports of Mundra, Dahej, Jafrabad, Pipavav and Hazira. It also has access to Ahmedabad International Airport, Vadodara International Airport and national and state highway networks.

Upcoming infrastructure developments such as the Delhi-Mumbai Industrial Corridor (DMIC) and the Western Dedicated Freight Corridor (DFC) will further improve Sanand’s connectivity and reduce logistics costs.

The location of the new project is close to the Sanand Gujarat Industrial Development Corporation (GIDC), which is currently home to 25 multinational and 300 domestic companies from various sectors including automotive, car accessories, FMCG, machinery, plastics, packaging and electronics, and a growing Market for is electric vehicle manufacturing.

Given the proximity of the new project’s location to Ahmedabad city center, it is expected to attract e-commerce and third-party logistics (3PL) companies.

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