IndoSpace targets $300-mn investment in logistics sector

IndoSpace, country's largest investor and manager of Grade A industrial and logistics, has targeted to invest $300 million across major warehousing and industrial hubs in the country — and add 4 million sqft of warehousing portfolio by the end of 2021. The demand for warehousing remains strong from e-commerce firms as they look to expand operations due to the second wave of Covid-19 in India. It is not slowing down its acquisition process. In 2020, Indospace invested $500 million across nine acquisitions and has a portfolio of over 41 million sq ft across 39 industrial and logistics parks under various stages of development in nine major consumption hubs in India. As far as demand is concerned on the warehousing side, it is bullish and will continue to remain so.