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Warburg Venture bets on warehouses as e-commerce booms in India

A slowdown in the residential market is prompting developers to tap the logistics sector.

Aditya Virwani, COO, Embassy Group
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Aditya Virwani, COO, Embassy Group

Dhwani Pandya | Bloomberg Mumbai
Embassy Group, an Indian real-estate developer that has partnered Warburg Pincus, has spotted a winner in India’s e-commerce slug-fest: Logistics.

Embassy is looking to build warehouses and industrial parks near eight big cities that can store goods for retail giants as billionaires, including Asia’s richest man, Mukesh Ambani, and Amazon’s Jeff Bezos clash, for dominance in the world’s fastest-growing e-commerce market. Embassy’s joint venture with Warburg, Embassy Industrial Parks, plans to spend $500 million over three years to develop such properties.

“E-commerce is going to be massive in India, we are seeing a huge digital shift happening throughout

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First Published: Jun 28 2019 | 10:06 PM IST

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