Ivanhoe Cambridge and LOGOS, a global real estate firm and logistics specialist, are set to invest a record-breaking Rs 21,100 crore in a logistics park in Chakan, Pune, marking India's largest foreign direct investment (FDI)-driven integrated private industrial and logistics development. LOGOS' fifth project in India, covering over 143 acres, aligns with the Chakan Industrial Estate's 1,000 manufacturing enterprises. The investment reflects confidence in India's industrial landscape, especially in Pune, recognized as a key growth centre. The project, exceeding 3.5 million sq ft, signifies the demand for modern, responsible infrastructure supporting India's manufacturing growth and emphasizes long-term commitment to the sector.
Global real estate firm Ivanhoe Cambridge and Asia-Pacific logistics specialist LOGOS are set to invest a staggering Rs 21,100 crore in developing a logistic park in Pune's Chakan. This project marks the country's largest foreign direct investment (FDI)-driven integrated private industrial and logistics development.
The Chakan Industrial Estate represents LOGOS' fifth project in India, adding to developments in Bengaluru, Chennai, the National Capital Region, and Pune. It has a potential development area exceeding 10 million sq ft.
LOGOS India CEO Mehul Shah expressed optimism and shared plans to explore further investment opportunities in Maharashtra, Tamil Nadu, and Gujarat. The venture has acquired an additional 66 acres, bringing the total land area to 143 acres, adjacent to the Chakan industrial area—a hub housing over 1,000 manufacturing enterprises, including electronics, engineering, automobile, and e-vehicle companies.
Trent Iliffe, Co-CEO of LOGOS, emphasised the significance of India in the global economy, with Pune being a key growth market benefiting from the surge in onshoring. He noted the consistent 7% annual growth of Maharashtra's economy and expects this trend to persist as companies diversify their manufacturing locations in India.
The Chakan site is set for a total development of over 3.5 million square feet. LOGOS India CEO Mehul Shah highlighted the long-term commitment to the Indian logistics and industrial sector, acknowledging the high demand for modern and responsible infrastructure supporting India's manufacturing growth.
Shah noted the substantial demand for comprehensive, modern, and responsible AAA-grade infrastructure, which is instrumental in supporting India's manufacturing growth and the corresponding need for quality and sustainable development.
The investment underscores the attractiveness of India's industrial landscape and its pivotal role in the global supply chain, further solidifying Pune's position as a key growth center. As the project unfolds, it is anticipated to bring substantial economic and employment opportunities to the region, aligning with the government's push for robust industrial and logistics infrastructure.
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