WS Industries (India) Ltd. is planning to develop a modern logistics park and an integrated township at Sunguvarchatram in Sriperumbudur taluk, said Chairman S. Nagarajan.
The erstwhile manufacturer of porcelain insulators for electrical transmission lines, which expanded the infrastructure business, emerged as the successful bidder at an auction recently held by the Central Bank of India for 254 acres in Kancheepuram district. The total project outlay for land is about ₹107 crore.
“The company envisages a modern logistics park, and in consultation with architects, proposes to develop an integrated township with attendant infrastructure,” he said in the Chairman speech.
The land is situated in the prime industrial hub of Sriperumbudur, Sunguvarchatram and Oragadam, and is in close proximity to major multinational companies such as Samsung, Foxconn and Saint Gobain.
The acquisition came with approximately 150-acre pre-approved by State Government for light engineering and factory buildings. There is a huge requirement for MNCs to scale up their warehousing, he said in the annual report.
