Warehouse developers invest in India's Greenbase Industrial Park due to diversifying supply chains beyond China.
Warehouse developers are investing in India as companies diversify their supply chains beyond China. Southern India's Greenbase Industrial Park, near Apple supplier Foxconn and Daimler, has seen increased demand for leasing space. The park plans to invest $800m to quadruple its industrial park space to 20 million sq ft. Companies are also viewing India as a hub for exports amid a population of 1.4 billion.
March 18, 2024
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