Morgan Stanley, Allianz to enter Indian logistics

The US-based investor is considering logistics centres on outskirts of cities, while German insurer wants JV with Indian groups

Buoyed by changes such as the goods and services tax (GST) and the growing e-commerce space, global investors such as Morgan Stanley and German investor Allianz, are looking at getting into the Indian logistics sector, with new ventures, say sources.

Morgan Stanley, which had almost exited Indian real estate, is now looking at setting up warehouses and logistics centres on the outskirts of main cities, the sources said. “They (Morgan Stanley) will tie up with a local land owner or developer and invest in the project,” said one.

It has already bought a land parcel in Pune for $20 million