Infrastructure plays a very significant role in economic development. The government has outlined various infrastructure development initiatives in the country, which include smart cities, nationwide connectivity networks of roads, power, gas and water grids. Ascendas has partnered with three State governments to develop IT Parks in Karnataka, Tamil Nadu and Maharashtra. Through our investments in IT and business parks, we are proud to have been able to play a small part in India´s growth. Currently, there are over 390 companies operating in our parks employing over 85,000 people in India. As we continued to invest in and grow our IT parks, we are also witnessing India´s potential to grow as a manufacturing hub. There is demand for good quality industrial space and we have invested in an industrial township in Chennai called OneHub Chennai, to cater to that demand.
– Lee Fu Nyap, CEO, Ascendas India
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