28 November, 2023 14:23:59 IST 
Arete Group, a business conglomerate, has announced the acquisition of 35-acres of prime industrial land by Silox India Pvt. Ltd., a leading manufacturer of inorganic chemicals headquartered in Belgium, at Payal Industrial Park (PIP) in Dahej, Gujarat.
PIP, developed and promoted by the Arete Group, is India’s largest privately integrated industrial park, strategically located within the Dahej Petroleum, Chemicals, and Petrochemicals Investment Region (PCPIR). Approved by the Government of Gujarat, the park, spread over 3,500-acres, has been planned by engineering and construction giant, CH2M Hill, and caters to the requirements of water-intensive and polluting industries. Facilities at PIP include water access, and an effluent treatment plant.
“The collaborative environment at PIP is expected to enhance Silox India’s capacity by 30-40% compared to its current capabilities, fostering growth and innovation,” a statement from Arete Group said.
“As a manufacturer of inorganic chemicals, our collaboration with PIP signifies a strategic move towards achieving our growth objectives. The facilities offered by PIP, coupled with its environmentally conscious approach, provide us with a collaborative environment to thrive. We anticipate that this partnership will not only enhance our production capacity but also contribute to the overall success of both Silox India and PIP,” said Mr. Prakash Raman, Managing Director, Silox India.
“This collaboration is a testament to the attractiveness of PIP as a preferred destination for leading global players in the chemical industry. Arete Group remains committed to facilitating strategic partnerships and contributing to the growth of the industrial landscape in Gujarat,” added Mr. Siraj Saiyed, Arete Group.
