AA Holdings has partnered with Logiy Spaces to make an investment of around Rs 400 crore in developing an industrial and logistics park in Karnataka.
The project, spread across one million sq ft will come up in the Narsapura suburbs. The project is scheduled for completion by September 2023.
With this project, e-commerce, third-party logistics, and companies in other sectors will find more avenues to expand their reach in the state with Narsapura at the centre of it.
The project has already received soft commitments from some global marquee client.
The two companies plan to further expand their partnership under the new initiative and aim to deliver a minimum of five million sq ft by 2024, with an estimated capital infusion of USD 200 million.