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  • Mar 05, 2013
  • Private firms set up industrial parks to meet SMEs' demand

    In a bid to tap the growing demand from upcoming small and medium enterprises (SMEs), several private players are either planning or are already setting up industrial parks on the outskirts of Ahmedabad, Gujarat.
    From Mumbai-based T Poddar Infradevelopers to Ahmedabad-based textile player Pradip Overseas Ltd (POL) and realty player N G Group, companies are setting up industrial parks ranging in size from 700,000 to 1.5 million sq yards. While several parks are being developed by private companies on their own, some are being set up in association with the Gujarat Industrial Development Corporation (GIDC). "The demand for industrial parks among SMEs is increasing, which has resulted in the increased supply. There are some players who are working with us for setting up industrial parks in the public-private-partnership mode," said a GIDC senior official.
    A majority of the upcoming industrial parks are being set up on the Bavla-Changodar road, around 30-40 km away from Ahmedabad, while the rest are coming up on the Sanand-Viramgam road.

    Source - http://www.business-standard.com