**Prologis Plans $500 Million Investment in India’s Warehousing Sector**
Prologis, the world’s largest warehouse owner, is set to invest approximately $500 million in India by 2026 to expand its warehousing portfolio. The company aims to establish a significant presence in five major cities: Delhi, Mumbai, Pune, Bengaluru, and Chennai. This investment could potentially double in the following 5-7 years, according to Chief Investment Officer Joseph Ghazal.
### Investment Overview
– **Who**: Prologis Inc., a US-based company.
– **What**: Plans to invest $500 million in warehousing parks and facilities.
– **When**: By 2026, with potential for further investment in the following years.
– **Where**: Major cities in India including Delhi, Mumbai, Pune, Bengaluru, and Chennai.
– **Why**: To tap into the underserved Grade A warehousing market and leverage India’s economic growth and consumption levels.
### Prologis’ Strategic Approach
– **Market Potential**: Ghazal emphasized the significant growth potential in India’s Grade A warehousing market, stating, “We have very big growth ambitions for India.”
– **Current Developments**: Prologis has already acquired three land parcels in India:
– 200 acres in Sriperumbudur near Chennai
– 40 acres in Hosur
– 30 acres in Hoskote (in partnership with RMZ Corp)
– **Construction Progress**: Construction is underway at the Sriperumbudur and Hoskote sites, with plans to start at Hosur soon.
### Future Plans and Competition
– **Expansion Strategy**: Prologis intends to build projects from the ground up and acquire existing assets to scale quickly in India.
– **Market Competition**: The company will compete with established players like Indospace and Blackstone-owned Horizon Industrial Park.
Prologis is committed to establishing a long-term presence in India, focusing on its core warehousing and logistics business while remaining open to future opportunities in ancillary sectors.
**FAQ: What is Prologis’ investment strategy in India?**
Prologis plans to invest $500 million by 2026 to develop warehousing parks and facilities, with the potential to double this investment in the following years.
**Alt Text**: Prologis warehouse development in India
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