Chennai, Jul 14 (PTI) Industrial and logistical park developer Sree Kailas Group in association with Indospace has set up a new warehousing and industrial unit in neighbouring Kancheepuram district at an outlay of Rs 150 crore, the company said on Thursday.

The city-based company which has established more than two million square ft of warehousing space is planning to set up similar industrial and logistics parks in various places including Hyderabad, Madurai, Salem, Tiruchirappalli, Coimbatore, among others.

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The latest project in Sunguvarchatram on the Chennai-Bengaluru highway, about 45 km from here, is coming up on a 30 acre land, group chairman S Rajkumar said in a company statement.

"Sunguvarchatram has taken a leaf out of the Oragadam to emerge as latest industrial and logistics hub of South India. Mobile phone and electronic majors like Samsung, Dell, Motorola, Foxconn, have already established their manufacturing unit in this place," he said.

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Located in Sriperumbudur Taluk in Kancheepuram district, Sunguvarchatram has already emerged as the largest electronic cluster in the country, he said.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)