Gharda Chemicals Ltd has purchased 38 acres of property in Arete Group's industrial park in Dahej, Gujarat, for the purpose of establishing a manufacturing facility.

ARETE Group, founded in 1990, operates in industries such as industrial parks, real estate, retail, and investments.

In a statement, Arete Group said it has "on boarded Gharda Chemicals Ltd by selling 38 acres of prime industrial land at its industrial park project PIP (Payal Industrial Park) in Dahej, Gujarat."

The company did not disclose the deal value. With a total investment commitment of Rs 600 crore, Gharda Chemicals is set to establish a cutting-edge manufacturing facility at this site.

The company is targeting industries like agrochemicals, pesticides, specialty chemicals, inorganic chemicals, dyes & pigments chlor-alkali and other such chemical industries for setting up a base in its industrial park.