{"id":309777,"date":"2020-01-10T10:16:54","date_gmt":"2020-01-10T04:46:54","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=309777"},"modified":"2020-01-10T10:26:36","modified_gmt":"2020-01-10T04:56:36","slug":"gmr-subsidiary-forms-jv-with-esr-to-develop-industrial-park-in-hyderabad","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/gmr-subsidiary-forms-jv-with-esr-to-develop-industrial-park-in-hyderabad\/","title":{"rendered":"GMR subsidiary forms JV with ESR to develop industrial park in Hyderabad"},"content":{"rendered":"<p>GMR Hyderabad Aerotropolis Limited (GHAL), a subsidiary of GMR Hyderabad International Airport Limited (GHIAL) has formed a joint venture with ESR Hyderabad 1 Pte Limited (ESR), a subsidiary under the Hong Kong headquartered ESR Cayman Limited, to develop a 66-acre logistics and industrial park at the Hyderabad airport city. <\/p>\n<p>ESR and GHAL have entered into a definitive agreement with an equity interest of 70 per cent and 30 per cent respectively in the SPV-GMR Logistics Park Private Limited. <\/p>\n<p>The total project outlay would be around Rs 550 crore, according to the company. <\/p>\n<p>The JV proposes to develop a flagship airport centric logistics and industrial park providing state-of-the-art facilities for warehousing, distribution centers and non-polluting industrial such as light assembly.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>GMR Hyderabad Aerotropolis Limited (GHAL), a subsidiary of GMR Hyderabad International Airport Limited (GHIAL) has formed a joint venture with ESR Hyderabad 1 Pte Limited (ESR), a subsidiary under the Hong Kong headquartered ESR Cayman Limited, to develop a 66-acre logistics and industrial park at the Hyderabad airport city. ESR and GHAL have entered into a definitive agreement with an equity interest of 70 per cent and 30 per cent respectively in the SPV-GMR Logistics Park Private Limited. The total project outlay would be around Rs 550 crore, according to the company. The JV proposes to develop a flagship airport [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,167,130],"tags":[],"class_list":["post-309777","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-civil-aviation-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/309777","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=309777"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/309777\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=309777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=309777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=309777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}