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National Bank invests Rs 745 crore in Indian warehousing bonds, aiming to boost logistics sector growth.
The National Bank for Financing Infrastructure and Development (NaBFID) has invested Rs 745 crore in 15-year bonds issued by NDR InvIT, an Infrastructure Investment Trust focused on India's warehousing and industrial parks.
Rated AAA/Stable, the investment supports NDR InvIT's growth as India's logistics and warehousing sectors are expected to grow rapidly, with the logistics market projected to reach Rs 13.4 trillion by 2028.
This move aims to bolster economic growth through improved infrastructure.
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El Banco Nacional invierte 745 millones de rupias en bonos de almacenamiento indios, con el objetivo de impulsar el crecimiento del sector logístico.