News / India on the cusp of a warehousing boom as sourcing diversifies

Photo: Panattoni

Global investors are increasingly targeting Indian logistics verticals as the emerging economy lifts its growth profile and competes to be a major sourcing hub in Asia.

The latest investment comes from US-based industrial and logistics real estate developer Panattoni, which will develop around seven hectares in the national capital region (NCR) of Delhi, the first in a $200m investment programme for India it announced last year.

Panattoni estimates phase 1 of the Panattoni Park NH71 plan will require some $13.5m for developing ...