Ascendas and a Japan conglomerate comprising Mizuho Corporate Bank, and JGC Corporation, have signed an MoU with the Tamil Nadu Government to develop a world-class integrated township in Chennai.
The integrated township will be developed by a JV between Ascendas India Development Trust (AIDT), the private property development fund spearheaded by Ascendas, and IREO, along with the Japan consortium. The 1,500 acre township will provide eco-friendly infrastructure for the growth of Japanese and international businesses and support a community of more than 40,000.