IndoSpace to invest $1 billion in India over 5 years – Feedback

IndoSpace, which develops industrial and logistics parks, 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 the developer’s development pipeline from 20 million square feet to 50 million square feet, the company said in a statement on Monday.

“In addition to growth in consumption and ecommerce, we see India’s great manufacturing potential being unlocked by the government’s Make In India programme. This requires world-class industrial and logistics real estate, and as pioneers and leaders in this asset class, we will continue to invest aggressively,” said Rajesh Jaggi, managing partner – Everstone Real Estate, and co-chief executive officer of IndoSpace.

http://forbesindia.com/article/special/indospace-to-invest-$1-billion-in-india-over-5-years/42319/1

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