Prologis to Double Logistics Footprint in India with $1 Billion Investment

Prologis, the largest owner of warehouses globally, plans to invest $1 billion in India, sharply increasing its logistics real estate presence in the nation. The move is aimed at taking advantage of India's burgeoning logistics industry, fueled by high-speed e-commerce expansion and firms diversifying their supply chains away from China. Prologis has already joined hands with RMZ Group to create a world-class warehousing park in Bengaluru, demonstrating its focus on quality logistics facilities. The investment will target high-growth segments, dovetailing with India's economic growth and infrastructure growth plans.

 

Source: Business Today, India Shipping News