The National Bank for Financing Infrastructure and Development (NaBFID) has invested Rs 745 crore in long-term bonds issued by NDR InvIT, an Infrastructure Investment Trust managed by NDR InvIT Managers and sponsored by NDR Warehousing Private Limited. The 15-year bonds, rated AAA/Stable by India Ratings (FITCH) and CARE, will support NDR InvIT’s strategic growth, particularly in India’s warehousing and industrial parks sector.
This investment comes at a time when demand for logistics infrastructure is surging due to rapid manufacturing growth and the rise of e-commerce. NDR InvIT aims to address critical infrastructure gaps, positioning itself as a key player in India’s logistics and warehousing sectors. According to Motilal Oswal, India’s domestic logistics market, valued at Rs 9 trillion in FY23, is expected to grow to Rs 13.4 trillion by FY28, with a CAGR of 8-9%. Additionally, IBEF projects the Indian warehousing market to reach USD 34.99 billion by 2027, growing at a CAGR of 15.64% from 2022 to 2027.
Mr. Krishnan Iyer, CEO of NDR InvIT Managers, emphasized that this partnership with NaBFID is a significant step toward becoming a leading enabler of India’s industrial growth. CFO Mr. Sandeep Jain highlighted that the bond issuance demonstrates NDR InvIT’s ability to access sustained capital at competitive terms, distinguishing it in the infrastructure investment space.
NDR InvIT, the first perpetual warehousing and industrial parks InvIT listed on the NSE, currently manages 16.99 million square feet of assets across 13 cities and 33 industrial parks.
