Key player in logistics infrastructure NDR Warehouses plans to invest more than Rs 2,000 crore in developing its portfolio of warehousing and industrial parks over 20 million square feet over the next 24 months.
The business, which has the support of the international investment firm Investcorp, is also considering collaborative partnerships and inorganic expansion strategies to increase its portfolio.
“This investment will help the company to expand presence in Pune and NCR (National Capital Region) markets and will be leveraging the funds to grow inorganically by acquiring land as well as warehouses,” Krishnan S Iyer, executive director at NDR Group said.
The company is already in discussions with various parties to acquire both land for greenfield development and operational warehouses, he said.
