IndoSpace plans to invest Rs 4,500 crore in logistics and warehouse parks in Tamil Nadu

October 8, 2024
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NEW DELHI: IndoSpace is planning to raise its investments up to Rs 4,500 crore in new logistics and warehouse parks in Tamil Nadu.

The company had signed a Rs 2,000 crore memorandum-of-understanding (MOU) with the state government last year.

IndoSpace’s total equity committed to the state as on date stands at USD 380 million, and the facilities offer a potential chargeable area of 15.4 million sq ft.

The company has developed over 8.8 million sq ft of completed infrastructure, with an additional two million sq ft under-construction and 4.6 million sq ft planned for future development in Tamil Nadu.

  • Published On Oct 8, 2024 at 06:00 PM IST

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