Horizon Industrial Parks to Revamp Govt. Logistics Assets in ₹700 Crore Deal

Horizon Industrial Parks, a Blackstone Group venture, has secured a major partnership with the Central Warehousing Corporation to manage and upgrade 13 last-mile logistics assets across India. This 45-year agreement aims to modernize these government-owned facilities into state-of-the-art, Grade-A logistics centers to better support urbanization and growth in key sectors.

The collaboration involves an investment of approximately ₹700 crore, with Horizon Industrial Parks spearheading the redevelopment of these assets. The focus will be on enhancing facilities to meet the needs of rapidly expanding sectors such as e-commerce, retail, third-party logistics, and cold chain management. The redevelopment will particularly target last-mile locations in major urban centers including Mumbai, Pune, the National Capital Region (NCR), Chennai, and Bangalore.

With a total development potential of 2.4 million square feet, this initiative represents one of the largest last-mile logistics portfolios in India. The partnership is set to significantly improve operational efficiency and infrastructure quality, aligning with the growing demands of modern logistics and supply chain management.

Central Warehousing Corporation, a public warehouse operator established by the Indian government, will collaborate closely with Horizon to transform these assets. The move underscores the government's commitment to enhancing logistics infrastructure while leveraging private sector expertise for optimal outcomes.

This strategic investment by Horizon Industrial Parks marks a significant milestone in India's logistics sector, reflecting the ongoing trend of integrating advanced facilities to support dynamic market needs and drive economic growth.

News by Rahul Yelligetti