Arete Group To Invest Rs 12 Billion In Phase Two Of Gujarat Industrial Park

24 Apr 2025 CW Team

Arete Group has announced an investment of Rs 12 billion for the second phase of its Payal Industrial Park project in Gujarat. The expansion is aimed at enhancing industrial infrastructure and attracting a wide range of manufacturers to the state.

Established in 1990, Arete Group operates across industrial parks, real estate, retail, and investment sectors. The Payal Industrial Park, which spans over 3,500 acres, is located in Dahej, a key industrial region in Gujarat. The second phase of development will include new infrastructure to support chemical, pharmaceutical, and engineering industries, in line with Gujarat鈥檚 positioning as a global manufacturing hub. The group plans to build sustainable and integrated facilities, including logistics support and effluent treatment plants.

According to company officials, the investment aligns with national goals of 鈥楳ake in India鈥� and aims to generate significant employment opportunities. The project is also expected to attract ancillary industries and small and medium enterprises to the region.

Arete Group previously invested Rs eight billion in the park鈥檚 first phase and has already leased space to several large manufacturing firms.

Source: PTI

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