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.

Cargo Talk - - Technology -

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.

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