Logicap and Mitsubishi Estate Extend JV for Industrial and Logistics Development in India

What is the purpose of the joint venture between Logicap and Mitsubishi Estate? A: The joint venture between Logicap and Mitsubishi Estate is aimed at developing 3.5 million sq ft of industrial and logistics infrastructure in India, focusing on key markets like Chennai, Mumbai, and Delhi-NCR. Q: How much additional space will the joint venture develop in India? A: The joint venture will develop an additional 3.5 million sq ft of industrial and logistics infrastructure in India. Q: What are the strategic locations for the new developments? A: The new developments are strategically located in Chennai—Sriperumbudur and Mapeddu, suitable for manufacturing tenants. Q: What is Logicap's overall plan for industrial and logistics development in India? A: Logicap's overall plan is to develop a 13.5 million sq ft pan-India portfolio, with a focus on high-growth corridors such as Mumbai, Pune, Chennai, Bengaluru, and Delhi-NCR. Q: What factors are driving the growth of India's industrial and logistics sector? A: The growth of India's industrial and logistics sector is driven by the country’s burgeoning economy, population growth, increased demand for efficient infrastructure, and the government's ‘Make in India’ initiative.

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