SPR Group signs Rs 5,500 crore MoU with Tamil Nadu govt
The Market of India project is expected to generate more than 1,33,000 employment opportunities both direct and indirect.
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.”