Cargo Breaking News
IndoSpace has forayed into Gujarat with the launch of its park in Bavla, near Ahmedabad. The cutting-edge industrial and logistics park on the Ahmedabad-Rajkot national highway is spread across 47 acres. It is located close to the industrial hubs of Sanand and Changodar, and has easy access to Kandla and Mundra ports. The facility will help IndoSpace move towards its goal to build a pipeline of 120 million sqft of modern logistics infrastructure to support the growth and modernisation of India’s supply chain. With GST and growth in e-commerce, India’s warehousing and light industrial manufacturing is demanding new capacity with large-scale, state-of-the-art infrastructure and locational advantages. Accordingly, IndoSpace is planning to build two more logistics parks in Gujarat.
“The Bavla industrial park not only marks our foray into Gujarat, it also shows our clear determination to strengthen our leadership in the light industrial manufacturing space. We plan to invest Rs 650 crore in new parks across Gujarat. Upon completion, the projects are expected to generate employment for more than 10,000 people directly and indirectly,” said Rajesh Jaggi, Managing Partner, Real Estate, Everstone Group.
