2 weeks ago
GT Bharathi Secures World Trade Center License for Chengalpattu
A company called GT Bharathi got a special permission called a license.
This license lets it use the famous name 'World Trade Center.'
That name is used by more than 300 business centers in almost 100 countries.
GT Bharathi will use the name for a big new project in a place called Chengalpattu, in Tamil Nadu, India.
The project will be a huge town with offices, shops, homes, schools, and hotels.
It will be built on about 150 acres of land.
The project is expected to cost around ₹7,000 crore.
When it is finished, it could create over 1,00,0000 jobs for people in the area.
Building it will happen step by step over about ten years.
The goal is to help local businesses trade with companies around the world.
GT Bharathi (GTB) has been granted a license by the World Trade Centers Association (WTCA) to develop a World Trade Center business in Chengalpattu district, Tamil Nadu.
The license places GTB among more than 300 WTC businesses across nearly 100 countries, making it one of the major developers to carry the WTC name in South India.
GTB envisions the WTC as the centrepiece of an IT-centric mixed-use township of approximately 150 acres with a projected development value of around ₹7,000 crore.
At full build-out, the development is expected to generate over 1,00,0000 jobs, with the masterplan unfolding in phases over roughly a decade.
GTB is in active discussions to consolidate land along the OMR corridor from Thiruporur onwards and along ECR within Chengalpattu district, and will work closely with WTC Chennai.
- Who
- GT Bharathi (GTB), a Chennai-based real estate developer, which received the license from the World Trade Centers Association (WTCA).
- What
- Development of a World Trade Center-branded, IT-centric mixed-use township in Chengalpattu.
- Where
- Chengalpattu district, Tamil Nadu, India.
- When
- Announced on August 13.
- Why
- To connect the region's growing business ecosystem to global trade opportunities and drive regional economic development and employment.
Key facts
- License Grantor
- World Trade Centers Association (WTCA)
- Licensee
- GT Bharathi (GTB)
- Location
- Chengalpattu district, Tamil Nadu, India
- Project Scale
- IT-centric mixed-use township of ~150 acres
- Projected Development Value
- Around ₹7,000 crore
- Projected Jobs
- Over 1,00,0000 at full build-out
- Timeline
- Phased development over roughly a decade
- WTCA Network
- 300+ WTC businesses in nearly 100 countries and territories
Quotes
Arun Bharathi Arunachalam
Managing Director of GT Bharathi
“Our vision is a self‑sustaining live‑work‑learn destination anchored by the WTC business park. The masterplan is designed to unfold in phases over roughly a decade, bringing together commercial and retail spaces, data centres, residential and luxury residential communities, educational institutions, and hospitality.”
theprint.in
“To be entrusted with the World Trade Center name is a distinction we do not take lightly. It places GTB in the company of the world’s foremost commercial landmarks and calls on us to build to that standard, and we intend to live up to it.”
theprint.in
Sources
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