(Pooja Dubey, Intern Journalist) Private equity (PE) investment in industrial and storage site projects fell 92 percent to $ 102 million, or about Rs 750 crore, in the first six months of this year. The reason for this is that investors are being cautious due to the coronavirus epidemic.
The investment and lease market in these areas is expected to be slow next year as investors are not taking fast decisions due to the epidemic. However, the prospects of this sector in the long term remain promising.
PE investment in India’s industrial and warehousing sector declined from $ 125 million a year earlier to around $ 9,300 crore from January to June, to just $ 102 million. The sector has attracted investment of Rs 27,800 crore ($ 3.7 billion) since 2017. Between 2017 and January – June 2020, 17% of the total PE investment of the real estate sector came into this sector.
The company said that “The industrial and storage sector has attracted significant investors since 2017 due to reforms undertaken by the government. These reforms include steps such as Goods and Services Tax (GST), attention to the state of infrastructure for the region, the formulation of logistics park policy, and emphasis on the development of multimodel infrastructure. The storage area was formerly in the form of scattered sheds and warehouses.”
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