Blackstone Invests ₹700 Crore in CWC Warehousing Expansion

Global asset manager Blackstone will invest ₹700 crore to develop 70 acres of Central Warehousing Corporation’s (CWC) assets through a public-private partnership (PPP). This marks a significant step in CWC's asset monetization strategy, aimed at modernizing key warehousing spaces across India.

Blackstone’s Horizon Industrial Parks secured the largest share in this project, which spans 83 acres. Other partners include RSA Warehousing, TransAsia Shipping, and LL Logistics. The development is part of CWC's broader plan to upgrade over 50 prime properties across 16 locations, with a total investment of ₹782 crore.

Under a 45-year concession agreement, the private partners will design, build, finance, and operate the facilities, after which the properties will revert to CWC. The initiative aims to enhance India’s warehousing and logistics infrastructure, reducing logistics costs and ensuring higher quality standards for stored goods.

Knight Frank India, advising CWC on the transactions, noted that this is the first instance of foreign investment directly participating in Indian government tenders. The redevelopment is expected to be completed within five years, with revenue managed by CWC in an escrow account.

This project highlights the growing interest of global investors in India’s logistics sector, further solidifying the country’s position as a major logistics and warehousing hub.

News by Rahul Yelligetti