NDR Infra plans to monetise 3000 acres to expand portfolio
Chennai headquartered warehousing company, NDR infrastructure, plans to monetise over 3000 acres of land parcels across major cities to beef up its portfolio. The firm plans to set up 20 million sq ft of warehousing space across the country, with a total investment of about Rs 5000 crore over the next five years. The warehousing sector is likely to attract significant investments, say experts. Structural reforms, including the awarding of infrastructure status and the implementation of Goods and Services Act, have bolstered demand for logistics and warehousing space in the country. According to JLL India report, the country has seen investments close to Rs 50,000 crore for creation of warehousing facilities across India between 2018 and 2020. This investment comes on the back of nearly Rs 10,000 crore being invested in 2017.
Tags : News/Views