Bangalore-headquartered Ardex Endura India Pvt Ltd on Monday announced that it would set up a manufacturing unit at Bengal Aerotropolis.
Ardex, which manufactures tile-fixing adhesive, flooring, water proofing and allied products, would invest nearly Rs 10 crore for the project, to be spread over a three-acre plot.
Bengal Aerotropolis is a proposed airport city 180 km south of Kolkata in Asansol-Durgapur region to be developed by Bengal Aerotropolis Projects Pvt Ltd (BAPL), a joint-venture of Singapore-based Changi Airports International and Indian companies. BAPL signed a memorandum of understanding with the company on Monday.
Addressing a press conference here on Monday, Gopinath Krishnan, Managing Director of Ardex said “…the industrial and logistics hub being created here (Bengal Aerotropolis) will enable us to address Bengal as well as the Eastern Indian markets of Bihar, Odisha and the North-Eastern States.”
The project is expected to be commissioned by the end of 2013, Krishnan added.
According to Subrata Paul, CEO of BAPL, the proposed airport city attracted two companies so far, with Ardex’s entry. Earlier, nearly 24 acres of land were allocated to mining equipment manufacturer Joy Global, he added. About 380 acres of land has been earmarked for an industrial park at the project.