Nation Current Affairs 30 Jan 2019 SPR Group signs Rs 5 ...

SPR Group signs Rs 5,500 crore MoU with Tamil Nadu govt

DECCAN CHRONICLE.
Published Jan 30, 2019, 2:11 am IST
Updated Jan 30, 2019, 2:11 am IST
The “Market of India” project is expected to generate more than 1,33,000 employment opportunities both direct and indirect. 
The multi-commodity wholesale trade centre, Market of India, will include more than 5,000 shops and 300 retail outlets with world class infrastructure, warehousing, logistics supply and trade ecosystem. (Representational Image) 
 The multi-commodity wholesale trade centre, Market of India, will include more than 5,000 shops and 300 retail outlets with world class infrastructure, warehousing, logistics supply and trade ecosystem. (Representational Image) 

Chennai: SPR Group, a leading real estate developer, signed an MoU with the Government of TN at the Global Investors Meet 2019 committing to invest Rs 5,500 crores over the next 7 years across Chennai, including  an integrated township, and a Market of India. 

The SPR City Project will comprise India's largest multi-commodity wholesale trade centre - Market of India, residential towers, school, mall and office buildings.

 

The “Market of India” project is expected to generate more than 1,33,000 employment opportunities both direct and indirect. 

The multi-commodity wholesale trade centre, Market of India, will include more than 5,000 shops and 300 retail outlets with world class infrastructure, warehousing, logistics supply and trade ecosystem.  

Mr. Hitesh P Kawad Managing Director, SPR Group said “The integrated township will serve as a wholesale gateway to India and South Asia. Market of India has been conceived and developed post careful study of similar projects across the China and other Asian countries.”

 

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