Blackstone to invest in developing 70 acres of CWC warehouse assets

03 Sep 2024 CW Team

Blackstone has announced plans to invest Rs 700 crore to develop 70 acres of warehouse assets managed by Central Warehousing Corporation (CWC). This investment is part of Blackstone?s strategy to expand its footprint in the logistics and warehousing sector.

The development will enhance the capacity and capabilities of CWC?s warehousing facilities, supporting the growing demand for efficient storage solutions in the logistics industry. The project aims to modernize and upgrade existing infrastructure, contributing to improved supply chain operations and logistics efficiency.

This significant investment underscores Blackstone?s commitment to the Indian warehousing market and its role in advancing infrastructure development in the logistics sector. The enhanced facilities are expected to provide state-of-the-art storage solutions, boosting operational performance and supporting economic growth.

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