ESR, a leading Asia Pacific-focused logistics real estate platform, said it will develop an industrial and logistic facility at Chakan near Pune. The company said on Tuesday that it will invest Rs 330 crore. This park is ESR’s second development in the same location.
This facility will serve as the hub for light manufacturing and logistics operations in the western region of the country, the company said in a statement. It will be surrounded by some of the largest auto manufacturing industries of the country.
Chakan is known as the ‘industrial hub of India’ and is one of the most prominent industrial clusters for engineering, automobile, electronics, FMCG and logistics corporations.
ESR is the largest APAC focused logistics real estate platform by gross floor area. It has been listed on the main board of the Stock Exchange of Hong Kong Ltd since November 2019.
