IndoSpace to invest Rs 3,000 crore in Karnataka
The industrial park and warehouse developer IndoSpace has entered a Memorandum of Understanding (MoU) with the state government to invest Rs 3,000 crore in Karnataka. MoU is aimed to boost its warehousing and logistics sector. The agreement is for a period of 7 years.
This deal was inked on the last day of the Invest Karnataka: Global Investors' Meet 2022 summit at the Bengaluru Palace grounds on November 4. In a statement, the firm said the deal will help attract further investments in the state and help meet the increasing demand of industries linked with warehousing and logistics.
Also Read: IndoSpace-KSH Infra To For JV For Logistics Park Development