Ecobox Industrial Parks Announces Rs 400 Crore Investment for New Facility Near Chennai

Ecobox Industrial Parks announced a significant investment of Rs 400 crore for a new facility near Chennai. The company has secured a 50-acre plot in Mannur, Tamil Nadu, where a 12-lakh square feet facility will be constructed. This development is part of Ecobox's strategy to meet the rising demand for modern industrial and logistics spaces in India.

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The project is strategically located just three kilometres from SH 50, providing excellent connectivity to major industrial corridors and Chennai's manufacturing hub. The facility is designed to cater to sectors such as e-commerce, third-party logistics, and light manufacturing. This initiative underscores Ecobox's commitment to enhancing India's industrial infrastructure.

Investment and Development Plans

Alta Capitals Logicap Advisors, through its newly established operating platform, plans a greenfield development on the Mannur land. The project involves an investment of over Rs 400 crore and aims to develop a 1.2 million square feet area. This expansion aligns with Ecobox's goal of becoming a leading player in the logistics sector.

Currently, Logicap boasts a total footprint of 13 million square feet, ranking it as the fifth largest logistics platform in India. The addition of the Mannur site increases Ecobox's managed space portfolio to 4.8 million square feet since its inception in 2023.

Strategic Partnerships and Acquisitions

Ecobox has taken over management of Logicap's recent acquisitions, which include 3.6 million square feet of industrial assets from IndoSpace in Ranjangaon near Pune and Sri City near Chennai. These acquisitions are part of Ecobox's strategy to expand its presence in key industrial regions across India.

Alta Capitals was founded by Siddhartha Gupta, former managing director at Blackstone India, in 2021. It serves as the exclusive operating partner for Singapore's Rava Partners, which has committed USD 1.1 billion in investments in India. Rava Partners operates under Hillhouse Investments' real estate division based in Singapore.

This strategic move by Ecobox and its partners highlights their dedication to supporting India's growing industrial sector through substantial investments and strategic developments.