Foundation Stone Laid For GMR Krishnagiri Special Investment Region
GMR Infrastructure Limited, the flagship company of GMR Group, India’s major infrastructure conglomerate, announced that its subsidiary, GMR Krishnagiri SIR Limited (GKSIR), is set to invite investments from national and international investors at its large industrial area which is a joint venture with Tamil Nadu Industrial Development Corporation (TIDCO).
GKSIR will be developed in an area of 2100 acres in Denkanikottai, Hosur and Shoolagiri talukas of Krishnagiri district. Through the SIR, GMR plans to unlock the value of the land in the district and thereby attract companies to invest in activities like manufacturing, services, commercial, education, research & development, skill development & training, tourism & hospitality, health, housing, entertainment etc.
The proposed GKSIR will focus on hi-tech industries in the field of Auto & Auto components, Defense & Aerospace, Electrical & Electronics, Precision Engineering, Food processing, Textiles & Logistics along with necessary Social, Commercial & Residential infrastructure.
GMR has already invested in the land and does not plan any major investment, other than the development of infrastructure. The basic infrastructure that is being planned includes the development of plots of varying sizes with “plug-n-play” utilities like good wide road network, storm drainage, water supply, sewerage, WTP, STP, power supply & digital infrastructure. GKSIR is strategically located providing connectivity to multiple road networks like SH 85, NH 844, access to 6 lanes NH 44 and close to the proposed Satellite Township Ring Road.