Joint venture to develop 20 mn sq. ft. warehousing space

AA Holdings announced a strategic partnership with logistic development company, Avinya Industrial and Logistic Park to empower all small landlords and aggregators across the country to develop quality warehousing infrastructure. Through this partnership, the two entities aim to develop 20 million square feet of land parcels across the country in the next 3 years to contribute meaningfully towards the creation of a warehousing ecosystem at the grass root level. The joint venture will play a pivotal role in further expanding the burgeoning warehousing infrastructure development in the country which is currently limited to the top 8-10 cities only. This will enable local landlords and aggregators to acquire the necessary skill sets and knowledge to attract the right clients and make the right use of their real estate assets as India looks forward to becoming a $5 trillion economy. Commenting on the launch of his new venture, Abhijit Verma, Managing Director, AA Holdings said, “India is the fastest growing warehousing market in the world propelled by the rapid growth of e-commerce, introduction of the Goods and Services Tax and the improved in road infrastructure. These factors have unlocked immense potential to develop land parcels into prime warehousing properties and bring prosperity to the land owners by imparting the right knowledge in the best use of the asset and inculcating the necessary skill sets. Through this new venture, we aim to be a catalyst and leverage their grassroot knowledge to help them emerge as developers by imparting the right business acumen, helping them connect with clients and guide them in the best use of their assets. With Avinya, we found synergies in our vision of transforming the warehousing market in India by empowering small landowners and making available quality assets to support the growth of businesses in India”.