Indian government looks to set up credit guarantee fund for warehouses
The Indian government is in conversation with experts to set up a credit guarantee scheme for construction of warehouses in the country. The proposed fund will be developed under the Warehousing Development and Regulatory Authority (WDRA). Their goal will be to work with banks and non-banking institutions to offer credit facilities only to entities with NWRs or e-NWRs, thereby ensuring more people line up to register. With this fund, they hope to ease capital flow while reducing cost of capital for construction....
Indian Warehousing must grow to USD 3.8 billion to meet future demand
As per recent reports published by CREDAI & Anarock, equity investments of USD 3.8 billion would be needed to meet anticipated demand of 223 million square feet of warehousing space in India. This calendar year, Grade A warehousing supply is said to have risen by a CAGR of 10.6 per cent. Experts believe the sector currently has over USD 900 million in the form of ‘dry powder’ funding from existing commitments signifying a latent investment opportunity of almost USD 2.8 billion....
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