IndoSpace unveils two logistics parks in Karnataka

IndoSpace announced their plans to develop two major logistic parks in Karnataka with an estimated investment of Rs. 580 Crore. Spanning over an anticipated 75 Acres, these facilities will support industries such as automobiles, engineering, electronics, and third-party logistics (3PL). Additionally, this initiative is part of the 3,000 INR-Crore commitment outlined in an MoU signed between IndoSpace and the Govt of Karnataka in 2022. The first project named IndoSpace Nelamangala II, involves an estimated investment of 240 INR-Crore. This hub spans approximately 35 Acres along the Bengaluru-Mumbai highway (NH48).  It also aims to boost the region’s industrial capabilities by offering top-tier facilities for various sectors. IndoSpace announced its plans to develop two major logistic parks in Karnataka with an estimated investment of 580 INR-Crore, said reports. Spanning over an anticipated 75 Acres, these facilities will support industries such as automobiles, engineering, electronics, and third-party logistics (3PL). Additionally, this initiative is part of the 3,000 INR-Crore commitment outlined in an MoU signed between IndoSpace and the Govt of Karnataka in 2022. The first project named IndoSpace Nelamangala II, involves an estimated investment of 240 INR-Crore. This hub spans approximately 35 Acres along the Bengaluru-Mumbai Highway (NH48).  It also aims to boost the region’s industrial capabilities by offering top-tier facilities for various sectors. The second hub, IndoSpace Narasapura II, entails an estimated investment of 340 INR-Crore. It covers approximately 40 Acres of land parcel. This facility, located off Old Madras Road (NH 75), is close to major industrial hubs such as Vemgal, Malur, and Hoskote. Moreover, the park will provide cutting-edge infrastructure to meet the needs of diverse manufacturers, the report adds.