IndoSpace invest more $1 billion in India for next 5 years

IndoSpace invest more $1 billion in India for next 5 years

By Accommodation Times News Service

“In addition to growth in consumption and e-commerce, we see India’s great manufacturing potential being unlocked by the government’s Make in India program. This requires world-class industrial and logistics real estate, and as pioneers and leaders in this asset class we will continue to invest aggressively,” said Rajesh Jaggi, Managing Partner – Everstone Real Estate, and Co-CEO of IndoSpace

Indo Space a industrial and realty logistics developers is planning to invest $1 billion more in India for next 5 years making it almost $1.75 billion as the company has already invested $750 million over the last seven years. Rajesh Jaggi, Managing Partner, Everstone Real Estate & Co-CEO, Indo Space is very positive about the Make in India campaign said, the additional investment will increase its development pipeline from 20 million sq ft to 50 million sq ft, the company said in a release. “In addition to growth in consumption and e-commerce, we see India’s great manufacturing potential being unlocked by the government’s Make In India program. This requires world-class industrial and logistics real estate, and as pioneers and leaders in this asset class we will continue to invest aggressively.

Currently, IndoSpace, a joint venture between Everstone Group and Realterm, operates industrial and logistics parks in Pune, the National Capital Region, Bengaluru and Chennai. The company has plans to fund and expand its 17 industrial real estate projects across the country to support manufacturing, consumer and third-party logistics companies operating in the country’s rapidly growing economy.





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