IndoSpace to invest $ 1.75 bn
IndoSpace plans to invest $1 billion in the country in the next five years to take its total investment to $1.75 billion. This additional investment will increase its development pipeline from 20mn sqft to 50 mn sq ft.
n addition to growth in consumption and e-commerce, we see India’s great manufacturing potential being unlocked by the government’s ‘ Make in India’ programme,” said Rajesh Jaggi, Managing Partner– Everstone Real Estate and Co-CEO, IndoSpace. The company has robust plans to fund and expand its 17 industrial real estate projects across the country to support manufacturing, consumer and 3PL (third-party logistics) companies operating in India’s rapidly growing economy. “It is critical that the enabling infrastructure such as land and facilities to manufacture and store goods are in place as India’s manufacturing engine gathers speed,” said Brian Oravec, CEO, IndoSpace. IndoSpace Chakan I is an industrial hub near Pune. It houses Ericsson and other global companies including Bosch, DHL, Leoni, Steelcase, Kubota and Delphi.