Lauded as ‘New Chennai’, Oragadam continues to be a beacon of hope in what has been a difficult year around the world. It is in the news after attracting mega investments that will help create thousands of new jobs. Daimler India is shifting gears to invest a whopping Rs 2,277 crores in its Oragadam facility.
The auto giant is among the 17 companies that have inked pacts with the state government to bring in fresh investment’s worth over Rs 15,100 crores and open up job opportunities for nearly 50,000 professionals and workers.
Japan-based Polymatech Electronics is gearing up to invest close to Rs 1,000 crores to manufacture semiconductor chips in Oragadam. Not far behind is Apollo Tyres. The company is planning to expand its manufacturing facility at SIPCOT Oragadam Industrial Park at a cost of over Rs 500 crores. BYD India is investing in an auto project to manufacture electric vehicles.
TPI Composites, USA, has announced an expansion plan for the manufacture of wind blades in Oragadam with an investment of Rs 300 crores while South Korea-based Hyundai Wia will invest Rs 109 crore to expand its facility in Sriperumbudur, near Oragadam.
Finland-based Salcomp is investing Rs 1,300 crore, which will create 10,000 jobs. The company had acquired Nokia’s facility at Sriperumbudur and announced an investment of Rs 500 crore last year. Lai Investment Manager Pvt Ltd would be setting up a Rs 400-crore industrial park in Kancheepuram.
The investments will be spread across diverse industries and several districts of the state apart from Oragadam, the automobile hub of South Asia, and home to Fortune 500 companies and Indian giants in IT and manufacturing.
Chennai Power Generation Ltd, an India-UK co-operation, will be investing around Rs 3,000 crore on a 750 megawatt (MW) power plant based on renewable energy. Taiwan-based Chung Jye Company along with Aston Shoes will be investing Rs 350 crore to manufacture footwear and create thousands of jobs.
Meanwhile, Greenbase Industrial Parks, part of the Hiranandani Group, is setting up a Rs 750-crore Industrial Logistics Park. It is expected to generate about 2500 jobs.
Oragadam’s growth story
The new boom in Oragadam has been fuelled by the development of several state-funded infrastructural projects like the 300-crore Oragadam Industrial Corridor Road that provides easy connectivity to Chennai. There are plans to expand SIPCOT that covers about 350 acres and is base to hundreds of industrial units and an engine of growth for the entire state.
Oragadam is now one of the most preferred destinations for homebuyers in Chennai given the job opportunities, connectivity, and world-class living standards available at townships like Hiranandani Parks. Spread across 360+ acres, the township offers multiple real estate options including workspaces as also luxury apartments and villa plots.
The township is located strategically at Oragadam and is 9 kms from Singaperumal Koil railway station. It is just a 30-minute drive from Chennai International Airport and an hour’s travel from the proposed new International airport.
Visit www.hiranandaniparks.com to explore the township online.