Amazon-backed Prologis to invest $500 million in India’s warehousing market by 2026
US-based Prologis Inc, the world’s largest warehouse owner, plans to invest $500 million in India by 2026 to expand its warehousing portfolio. The company may double its investment within seven years, said chief investment officer Joseph Ghazal.
Prologis, which counts Amazon as its biggest client, aims to build and lease warehousing parks while also developing build-to-suit facilities. It plans to establish a presence in Delhi, Mumbai, Pune, Bengaluru, and Chennai. The company has already acquired three land parcels 200 acres in Sriperumbudur near Chennai, 40 acres in Hosur, and 30 acres in Hoskote in partnership with RMZ Corp.
Ghazal highlighted India's economic growth, regulatory support, and increasing consumption as key factors driving Prologis expansion. He noted that the Grade A warehousing market remains underserved, presenting significant growth opportunities.
Prologis entered India in 2023 after shelving earlier plans due to the 2008 financial crisis. The company manages a global portfolio of 1.3 billion square feet with $198 billion in assets.
Construction is underway at Sriperumbudur and Hoskote, with work set to begin at Hosur, said Vineet Sekhsaria, head of India, Prologis. The firm is open to partnerships to scale up operations.
Prologis will compete with Indospace, Blackstone-owned Horizon Industrial Parks, and ESR India. Experts see its entry as a major boost to India’s warehousing sector.
