Attivo, part of Srei Group, has signed an agreement with the Telangana government for setting up of an industrial park to manufacture infrastructure equipment.

According to the memorandum of understanding (MoU) signed between the Telangana government and Attivo in Bengaluru in the presence of Telangana Minister K.T. Rama Rao, Attivo will develop an infrastructure equipment manufacturing park in the National Investment and Manufacturing Zone (NIMZ) near Zaheerabad town in Telangana.

“Spread over 500 acres, the park will create a sustainable and comprehensive industrial zone of international standards. Most of the world’s leading original equipment makers (OEMs) are expected to set up their units in the park, which has a potential to generate more than 10,000 direct and indirect employment over the next 10 years,” an official statement said.

The industrial park, located within two hours of driving distance from the centre of Hyderabad, will be well-connected with road and railway networks, allowing OEMs to connect and communicate with different markets across India. This will be complemented with assured water supply, world-class telecommunication infrastructure and availability of skilled and employable manpower.

Commenting on the development, Sunil Kanoria, Vice Chairman, Srei, said, “Attivo’s proposed park would be the most ideal location for all construction and mining equipment manufacturers as a plethora of road, irrigation and mining work is being awarded by the Government of Telangana and most of the contractors and construction companies are based there. It makes great economic sense to set up the manufacturing base in the zone, which will be fully enabled from all infrastructure aspect. It would be the most ideal location for all equipment manufacturers.”

Indranil Dasgupta, CEO, Attivo, added, “Our ability to deliver holistic infrastructure facilities have allowed our clients to set up units without incurring huge capital costs. We are confident that the infrastructure equipment manufacturing park will soon become one of the key engines of Telangana’s economic progress.”

Telangana Minister for IT and Industries & Commerce K T Rama Rao called upon construction equipment manufacturers to set up shop in the ‘start-up state’. He said, “Telangana is emerging as a preferred destination for industry. Our priority has been to ensure ease of doing business and we will continue to support business ventures, which have the potential to drive industrial growth and economic progress of the state.”

Jayesh Ranjan, Principal Secretary of I&C and Information Technology departments of Government of Telangana, said, “We believe in driving economic growth through infrastructure development. Attivo’s proposed park is a step in the right direction and will help us drive rapid industrialisation in the state.”