This investment is projected to generate direct employment opportunities for 500 individuals and create an additional 2,000 jobs indirectly.
Jitender Yadav, Chairman and Founder at Pragati Warehousing, said: “This MoU reinforces our commitment towards adding global standard assets to the Indian logistics and industrial real estate.” “Tamil Nadu’s strides in electronics and auto manufacturing make it a pivotal hub for our expansion,” said Maneesh Jain, Chief Investment Officer. The statement also mentioned that Pragati Warehousing is actively engaged in an ongoing investment of ₹350 crore for the development of a Grade-A industrial and warehousing park in Sriperumbudur. Spanning over 35 acres of land parcel, this project offers 0.7 million sq. ft. of Grade-A leasable space and is progressing on schedule for completion within the current year.
