Avigna launches ₹600-cr warehousing space in Karnataka

Avigna Industrial and Logistics Park, has forayed into Hoskote area in Karnataka, with a 4 million sq ft Grade-A warehousing facility involving ₹600 crore investment. The industrial park will have a Grade-A warehousing capacity to cater to the most technologically advanced requirement for supply chain management. Avigna plans to complete and hand over the first 1 million sq ft at the Hoskote Industrial Park in 2022-23.

The company has leased out their first 1 million sq. ft space of industrial warehouse at Hosur Park in Tamil Nadu to marquee brands such as Whirlpool, Wakefit and Stellar Value Chain and is looking forward to achieve similar success with the Hoskote Industrial Park. The construction of an industrial warehouse has already begun after the laying of the foundation stone and the development will fill a gap in the demand for modern, state of the art warehousing and logistics facilities in India for which we are already in discussion with multiple clients. Executive Director and CEO, Abhijit Verma informed that the project is a part of Avigna's ₹2000 crore expansion plan to have a footprint of 10 million sq ft warehouse space over the next three years. Besides warehouses in Hosur (TN), Chennai (TN) and Nellore (Andhra Pradesh), Avigna is also looking at a PAN India expansion establishing its presence in the Western (Bhiwandi, Jaipur), Northern (Farrukhnagar, Haryana) and Eastern India (Patna, Guwahati, Kolkata).