New Manufacturing Unit Planned By GMR and Schneider
GMR Hyderabad Aviation SEZ Ltd (GHASL) has joined hands with Schneider Electrics for building and leasing a state-of-the-art manufacturing facility at GMR Industrial Park in Hyderabad. Under the agreement, GHASL will build the facility on 18 acres of land and lease it to Schneider Electric in a Non-SEZ area.
As per the information provided, spread over 2 lakh square feet in the first phase, the manufacturing facility will be handed over for operations by June 2023. Further, in the second phase, the facility will be expanded by additional 1.75 lakh square feet.
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