IFC Invests ₹225 Crore to Transform India's Warehousing Network

Empowering regional supply chains and economic growth, the International Finance Corporation (IFC) has invested Rs 225 crore in NDR Smart Spaces. By scaling up modern, Grade-A warehousing in underserved Tier 2 and Tier 3 markets across Maharashtra, Tamil Nadu, and Uttar Pradesh, the partnership addresses critical logistics gaps. According to IFC's Shalabh Tandon, the project not only connects agricultural producers to vital markets to prevent livelihood-damaging losses, but also catalyzes formal job creation—targeting roughly 24,000 direct employment roles in local communities.

News by Rahul Yelligetti.