Payal Industrial Park by Arete

What Payal Industrial Park by Arete does

Payal Industrial Park (PIP) is India's first and largest dedicated chemical industrial park, spanning 3,500 acres within the Dahej Petroleum, Chemical and Petrochemical Investment Region (PCPIR) in Gujarat. Operated by PAYAL PROPERTIES PVT LTD under parent Arete Group, PIP was officially launched in December 2021 after feasibility work began in 2019. Phase 1 (1,350 acres) is operational and has onboarded 14 industries representing ₹12,000+ crore in committed investment. Target customers are global and Indian chemical, petrochemical, agrochemical, pharmaceutical, biotech, and advanced materials manufacturers seeking pre-approved industrial land inside a government-designated investment region.

PIP's core offering is plug-and-play industrial land backed by centralized infrastructure: a 66 KV power substation, 92 MLD water supply via the GIDC network, direct Gujarat Gas connectivity to each plot, and a 15 MLD Common Effluent Treatment Plant (CETP) with MoEFCC-approved deep-sea discharge. Sustainability infrastructure includes a 55 MW Group Captive Solar PV plant (Group Captive SPV model with 26% tenant equity) and on-site green hydrogen production at 3-6 kg/h through a partnership with Palo Alto-based Fourier Earth. The park master plan was prepared by Jacobs and financial feasibility was validated by Ernst & Young. The portfolio targets up to 100+ industrial units with employment generation projected at 15,000 by March 2025 versus 8,000+ currently.

PIP monetizes through two channels. First, one-time industrial land sales with perpetual title transfer (transaction example: Silox Group's ₹600 crore deal for 35 acres, Gharda Chemicals' ₹600 crore integrated unit). Second, recurring infrastructure service fees under the Common Infrastructure Facilities Agreement (CIFA), covering CETP treatment, power, water, gas access, and regulatory compliance support. Distribution is consultative enterprise field sales by Arete Group's business development team, supplemented by partnerships with Cushman & Wakefield, PwC, Jacobs, and Sapient. The park's regulatory cluster advantages — including Red (A) category Environmental Clearance and PCPIR Master Plan approval — underpin a 7-month sale-deed-to-construction timeline versus the 18-30 month industry norm, with structural freight cost advantages from 25 km proximity to Dahej Port.

Name

Payal Industrial Park by Arete

Legal name

PAYAL PROPERTIES PVT LTD

Website

https://payalindustrialpark.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

51–100 employees

Short description

Payal Industrial Park (PIP) is India's first and largest dedicated chemical industrial park in Dahej, Gujarat, spanning 3,500 acres. It provides plug-and-play industrial land, shared utilities, and renewable energy infrastructure to chemical, petrochemical, and advanced materials manufacturers.

Ownership category

akta.pro rank

Product category

Industrial Real Estate & Chemical Manufacturing Infrastructure

SIC

Oil & Gas Field Services, Nec (1389)

akta.pro primary industry

Hazardous Materials & Specialized Industrial Facilities Brokerage (BPAJACAI)

Keywords

• Chemical industrial park
• Plug-and-play infrastructure
• Industrial land leasing
• Common effluent treatment
• PCPIR chemical zone

Headquarters

HQ city

Dahej

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. Industrial Land Sales: Sale of pre-approved, plug-and-play industrial land within the 3,500-acre park to chemical and petrochemical manufacturers. Land transfers with full legal clearance and perpetual title indemnification. Revenue is one-time per transaction, with prices in the hundreds of crores (e.g., Silox Group paid ₹600 crore for 35 acres).
2. Infrastructure Services (CETP, Utilities, Power): Recurring fees charged to tenants for access to shared infrastructure including CETP treatment services, power from the 66 KV substation, water supply from GIDC network, and gas connectivity via Gujarat Gas. Model is consumption-based for utilities.
3. Group Captive Solar Power: Tenants participate in a Group Captive SPV model (26% equity stake) to access 50-55 MW solar power with zero upfront capital cost. Developer manages financing and operations, generating recurring revenue from power supply to tenants.
4. Common Infrastructure Facilities Agreement (CIFA): Recurring fees under the CIFA covering shared infrastructure rights, maintenance, compliance support, and utility management for tenants.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

PIP sells pre-approved, plug-and-play industrial land within a 3,500-acre dedicated chemical industrial park in the Dahej PCPIR zone of Gujarat, India, bundled with shared infrastructure services including a 15 MLD Common Effluent Treatment Plant, 66 KV power substation, 92 MLD water supply, gas connectivity, and renewable energy access via a 55 MW solar plant. The offering compresses the typical 18-30 month industrial setup timeline to roughly 7 months through pre-secured regulatory clearances and shared utility corridors, targeting chemical and petrochemical manufacturers seeking to establish or expand manufacturing bases in India.

Product overview

Payal Industrial Park (PIP) is India’s first and largest dedicated chemical industrial park, offering a unified platform of plug-and-play infrastructure services. The core offering consists of pre-approved industrial land within the 3,500-acre Dahej PCPIR zone, supported by centralized utilities including a 66 KV power substation, 92 MLD water supply, direct gas connectivity, and a 15 MLD Common Effluent Treatment Plant. Additional infrastructure modules include a 55 MW solar power plant and green hydrogen production capability for sustainable operations. On-site amenities like executive housing, healthcare facilities, and the Ikshaana Clubhouse complement the industrial offerings. The CIFA agreement streamlines regulatory approvals, enabling construction commencement within 7 months of sale deed execution.

Differentiator

Problem solved

Functional benefit

Products and services

• Plug-and-Play Industrial Land Pre-approved, ready-to-use industrial land within India's first and largest dedicated chemical industrial park spanning 3,500 acres in the Dahej PCPIR zone, Gujarat. Phase 1 (1,350 acres) is operational with utility-ready plots including power, water, gas, and effluent connections at each plot doorstep.
• Common Effluent Treatment Plant (CETP) Services Centralized wastewater treatment service with 15 MLD Phase 1 capacity featuring two-stage biological treatment, MoEFCC-approved deep-sea discharge, and generous inlet norms (COD up to 5,000 ppm, BOD up to 1,800 ppm), designed for zero-discharge compliance.
• 66 KV Power Substation Supply Industrial-grade power supply via a pre-approved 66 KV substation within the park boundary, eliminating the need for individual power infrastructure investment by tenants and providing trench-ready connections to each plot.
• 92 MLD Industrial Water Supply High-volume industrial water supply of 92 MLD distributed through GIDC's network via integrated utility corridors, designed for heavy industrial usage by chemical manufacturers within the park.
• Gas Connectivity Direct natural gas connectivity delivered to each industrial plot through a partnership with Gujarat Gas, ensuring operational readiness from day one without individual connection setup delays for tenants.
• 55 MW Group Captive Solar Power Plant Group Captive Solar PV model providing 55 MW of renewable solar power to park tenants, enabling industries to meet renewable energy targets without upfront capital investment through a special purpose vehicle in which consuming industries hold 26% equity.
• On-site Green Hydrogen Production On-site green hydrogen generation at 3-6 kg per hour produced through advanced modular electrolyser technology in partnership with Fourier Earth, leveraging renewable energy and water within the industrial ecosystem.

Quantifiable outcome

• 7-month sale-deed-to-construction timeline (vs. 18-30 months industry norm)
• +6 more outcomes

Named customers12 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature9 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Fourier EarthcoreTechnology or Integration · 4 June 2026Strategic partnership with Palo Alto-based hydrogen startup Fourier Earth to deploy a hydrogen-powered long-duration energy storage system at the Dahej industrial park. The system generates hydrogen on-site (3-6 kg/h) using modular electrolyser technology, enabling 24/7 clean power for industrial operations. This collaboration supports India's green hydrogen goals and provides energy independence for the industrial park, with Fourier providing the core technology and PIP providing the deployment platform.
• Jacobs (Industrial Design Firm)coreImplementation/ SI/ Consulting PartnerJacobs, one of the world's foremost industrial design firms, prepared the master plan for PIP. Jacobs' expertise ensured that utility corridors, environmental buffers, and zoning were resolved at the design stage — not addressed retrospectively as companies moved in.
• Ernst & Young (Financial Feasibility)coreImplementation/ SI/ Consulting PartnerErnst & Young conducted the financial feasibility assessment for Payal Industrial Park, validating project economics and investment model for the ₹12,000+ crore development.
• Cushman & WakefieldminorChannel Partner/ Reseller/ DistributorGlobal real estate services firm providing tenant introductions and advisory services for the industrial park.
• PwC (PricewaterhouseCoopers)minorImplementation/ SI/ Consulting PartnerGlobal consulting firm providing advisory and validation services for the industrial park ecosystem.
• SapientminorImplementation/ SI/ Consulting PartnerConsulting and technology services firm engaged with the industrial park development.
• Gujarat GascoreStrategic or Co-development PartnerGujarat Gas provides direct gas connectivity to each industrial plot within the park, ensuring operational readiness from day one without delays for individual tenants. This infrastructure partnership enables seamless gas supply as part of the plug-and-play offering.

Scale indicators14 records

Recent moves9 records

Expansion highlights5 records

Regional players

• Maharashtra Industrial Development Corporation (MIDC): Maharashtra state industrial park developer operating one of India's largest industrial estate networks with shared utilities. Comparable as a state-level peer in a different geography, providing plotted industrial infrastructure to manufacturers including chemical companies.
• TIDCO (Tamil Nadu Industrial Development Corporation): Tamil Nadu state industrial development corporation providing industrial infrastructure across multiple parks. Comparable as another state-level industrial park developer in a different geography, competing for similar manufacturing tenants at a national level.

Direct peers

• Gujarat Industrial Development Corporation (GIDC): State-owned industrial park developer operating numerous industrial estates across Gujarat, including in the Dahej zone where PIP is located. Most directly comparable as the local state peer providing plotted industrial infrastructure and shared utilities to chemical manufacturers in the same geography.
• Mahindra World City Developers: Private-sector industrial and business park developer in India with integrated infrastructure across multiple cities. Comparable as a competing private developer offering plug-and-play industrial ecosystems to manufacturers, though not specialized in chemical/heavy industrial sectors.

Broad incumbents

• Reliance Industries (Jamnagar Complex): Operates the world's largest integrated petrochemical complex at Jamnagar, Gujarat. Comparable as a broader incumbent providing integrated chemical manufacturing infrastructure at massive scale, though Reliance uses this internally rather than operating it as a multi-tenant industrial park.
• Adani Group: Diversified infrastructure conglomerate operating industrial SEZs and parks including at Mundra, with adjacent logistics and port infrastructure. Comparable as a broader incumbent with industrial infrastructure portfolio, though not specialized in dedicated chemical parks.

Others

• JTC Corporation (Jurong Island, Singapore): Singapore government agency operating Jurong Island, a purpose-built chemical industrial cluster with shared utilities and regulatory clustering. Comparable as the international benchmark for dedicated chemical industrial parks, providing thematically relevant insight on park economics and tenant dynamics.
• Royal Commission for Jubail and Yanbu: Saudi government entity operating Jubail and Yanbu industrial cities, including one of the world's largest chemical/petrochemical industrial clusters. Comparable as the global benchmark for government-backed, purpose-built chemical industrial cities with shared infrastructure.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/payalindustrialpark

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Payal Industrial Park by Arete