The logistics and warehousing sector in the country has attracted $7.2-billion investment in the past two years, thanks to the emergence of global online retail giants and widespread expansion across value chains.
The largest of these is the $3-billion corpus set aside by the National Investment Infrastructure Fund to buy or sponsor a port and logistics-related projects in India through DP World (DPW). Allianz has also allocated $1 billion in e-Shang Redwood (ESR) to develop warehousing space in eight major cities across the country, according to data compiled by the CARE Ratings.
These investments are planned mainly to cater to