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TDT Infra Pvt Ltd, part of the TDT Group , has unveiled a mega industrial park at Savli, Vadodara, to prospective investors.
A Rs 100-crore project, the TDT Mega Industrial Park is the first such to be approved by the Gujarat Government. The project comprises a total area of around 105 acres.
The first phase of 25 acres is open to corporate entities and bookings have begun. The target customers include investors from non-polluting sectors such as auto ancillaries, infrastructure, electrical and electronics, and others, said the company’s director Rahul Nath.
An estimated 10,000 people would be employed in the first phase.The TDT conglomerate comprises of experienced industrialists and entrepreneurs who have joined forces. One of the group companies, TDT Copper, has the largest stand-alone continuous cast copper rod plant in north India, with licensed technology from Southwire, USA.
The State Government has offered 50 per cent exemption on stamp duty to the buyers of plots.
The Government said it would assist in speedy clearances of various permission, etc.The first phase has been funded by the promoters’ funds in the form of equity and long-term loans.
The company is approaching banks and venture capitalists for the second phase.
virendra.pandit@thehindu.co.in
amritanair.ghaswalla@thehindu.co.in
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