Blackstone to expand warehousing footprint in India in next 5 years

Blackstone Group is betting big on warehousing and logistics development in India with plans to expand its warehousing portfolio in the country by 2.5 times to 100 million sq ft from current 40 million sq ft in the next 3-5 years. The decision is taken owing to the rising consumption led by demographics, ecommerce penetration and supporting regulatory initiatives by the government.
The group will be furthering its logistics portfolio through its existing joint ventures and partnerships and will also be forging new alliances for the same.