Avigna Industrial & Logistics Park declared it would invest Rs 837 crore in Tamil Nadu to develop and expand the industrial parks. The company has signed a Memorandum of Understanding (MoU) with the Tamil Nadu government to invest Rs 837 crore in the state, Avigna announced in a statement.

Avigna group signs MoU with Tamil Nadu government; all set to invest Rs 837 crore

The Managing Director Rajasekaran S and Executive Director Abhijit Verma from Avigna Group, and Tamil Nadu Chief Minister MK Stalin have signed the agreement to initiate the further expansion of the industries. Avigna will utilize the offered investment to develop modern industrial development parks in multiple parts of Tamil Nadu in the coming years.

Abhijit Verma, Executive Director and CEO of Avigna Group, “We are pleased to announce this collaboration with the State Government and look forward to developing not only industrial parks but also bring economic development to the people of the state by generating employment opportunities,”.

Avigna Industrial & Logistics Park has warehouses in Hosur (Tamil Nadu), Hoskote (Karnataka), and Andhra Pradesh’s Nellore district and swiftly grows its trails in western, eastern and northern parts of the country as well. Avigna will shortly inaugurate its first-of-kind food terminal market near Chennai, which was postponed due to the pandemic.