International Finance Corporation Invests Rs 225 Crore in NDR Smart Spaces for Warehousing Development in India
The International Finance Corporation (IFC), a member of the World Bank Group, has committed Rs 225 crore to NDR Smart Spaces, a platform of the NDR Group, to develop 20 million square feet of warehousing and logistics infrastructure across India. This investment focuses on tier 2 and tier 3 cities, aiming to address supply chain gaps by developing both dry warehousing and cold storage facilities. The project is expected to create approximately 24,000 direct jobs, enhancing the logistics sector in regions such as Maharashtra, Tamil Nadu, and Uttar Pradesh.