NEW DELHI: IndoSpace is planning to raise its investments up to Rs 4,500 crore in new logistics and warehouse parks in Tamil Nadu.
The company had signed a Rs 2,000 crore memorandum-of-understanding (MOU) with the state government last year.
IndoSpace’s total equity committed to the state as on date stands at USD 380 million, and the facilities offer a potential chargeable area of 15.4 million sq ft.
The company has developed over 8.8 million sq ft of completed infrastructure, with an additional two million sq ft under-construction and 4.6 million sq ft planned for future development in Tamil Nadu.
