Embassy Industrial Parks, a joint venture between Embassy Group India’s leading property developer and Warburg Pincus, has signed Faurecia, 6th largest global leader in automotive technology as its client in the industrial park facility located in Chakan, Pune. Embassy Industrial Parks invested Rs 350 crore to build a 1.1-million sq. ft. industrial park at Chakan, Pune. The project mainly comprises built-to-suit factories ranging from 50,000 sq. ft. to 2lakh sq. ft. in size.
Embassy Industrial Parks, pioneers of modern warehousing have marked their presence across India by buying strategically located land banks and building an all-encompassing and self-sustaining business environment there. The company started this with an initial equity line of 250 million USD to build industrial parks in key cities of India. Currently parks are operational in Chakan – Pune, Sriperumbudur – Chennai, Farrukhnagar and Bilaspur – Delhi NCR and Hosur – between Bangalore & Chennai & in Kothur – Hyderabad. Over the next three years they aim to build 9 parks, with the total of 35 million sq. ft. of potential development.
Aditya Virwani, COO Embassy Group, added, “Embassy Industrial Parks takes pride in the quality of service provided to the clients. It is of supreme importance to us, when it comes to timely delivery, specs, cost, and construction. We are happy to have Faurecia as our esteemed client. We take it as our primary responsibility to identify the pain-points of our clients and make it our priority to take charge of them ourselves. We take our service to our client with equal importance as the product and we continue to set new standards for Grade-A quality warehousing solutions”.
Bertrand Figueras, MD, Faurecia Clean Mobility India, said, “We are pleased to collaborate with Embassy Industrial Parks in their Pune Chakan facility. We are glad that we are in the industrial park that shares mutual interest in protecting the environment. All the parks meet standards that match IGBC Silver to Gold ratings. This is a wonderful partnership for an automotive technology company like us and we hope to a long term association.”
Other clients that are also working with Embassy Industrial Parks, Chakan are Mahindra Logistics, Rosenberger Electronic Co. India, Fokker Elmo etc.