Avigna Group signs MoU with Tamil Nadu government to invest ₹837 crore

July 28, 2021: Avigna Industrial & Logistics Park, part of Chennai-based Avigna Group, now a 45-year-old conglomerate has signed a Memorandum of Understanding (MoU) with the Tamil Nadu government for an investment of ₹837 crore in the state.

The agreement has been signed between managing director Rajasekaran s & executive director Abhijit Verma from Avigna Group and Tamil Nadu chief minister MK Stalin.

Avigna will utilize the proposed investment to develop modern industrial development parks in various parts of Tamil Nadu in the coming years.

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Abhijit Verma, executive director and CEO of Avigna Group, said, “Tamil Nadu government has always been known for their forward-thinking and welcoming nature towards the business community, encouraging to build a strong ecosystem. We are pleased to announce this collaboration with the State Government and look forward to not only develop industrial parks but also bring economic development to the people of the state by generating employment opportunities.”

He further added, “Avigna is soon going to start operation of their first-of-kind Food Terminal Market near Chennai which was delayed due to the pandemic. This 10ft million sq ft project is going to revolutionize the way farmers trade their produce”.

Avigna Industrial & Logistics Park currently has warehouses in Hosur (TN), Hoskote (Karnataka), and in the Nellore district of Andhra Pradesh and rapidly expanding its footprints in western, eastern and northern parts of the country as well.