In a significant move to expand its footprint in India’s industrial and logistics sector, Ecobox Industrial Parks announced an investment of ₹400 crore for a new facility near Chennai. The project will cater to the growing demand for modern logistics and industrial infrastructure in the region.
Greenfield Development on a 50-Acre Land Parcel
Ecobox, the newly formed operating platform of Alta Capital’s Logicap Advisors, has acquired a 50-acre land parcel in Mannur, Tamil Nadu. The facility will be a greenfield development with a planned built-up area of 1.2 million square feet (mn sq ft).
According to the company statement, the project is located just three kilometers from State Highway 50 (SH 50) and will serve various sectors, including e-commerce, third-party logistics (3PL), and light manufacturing.
Investment to Boost Industrial Infrastructure in Chennai
The ₹400 crore investment will be directed toward developing a modern industrial and logistics facility that meets global standards. This initiative is part of Ecobox’s broader strategy to enhance industrial infrastructure in India’s key manufacturing hubs.
“The project will cater to the increasing demand for modern industrial and logistics facilities in India, driven by the rapid growth of e-commerce and the expansion of the manufacturing sector,” the statement said.
Logicap Advisors: A Key Player in India’s Logistics Sector
At present, Logicap Advisors manages a total footprint of 13 million sq ft, making it the fifth-largest logistics platform in the country. The addition of the Mannur facility will further solidify its position as a leading player in the industrial real estate market.
The Mannur site is strategically located near Chennai’s manufacturing base and major industrial corridors, ensuring seamless connectivity and accessibility for businesses.
Recent Acquisitions and Expansions
Apart from the Mannur project, Ecobox has assumed management of several recent acquisitions by Logicap Advisors. These include 3.6 million square feet of industrial assets acquired from IndoSpace in Ranjangaon near Pune and Sri City near Chennai.
With the addition of the Mannur site, Ecobox’s managed portfolio now totals 4.8 million square feet since its formation in 2023. This rapid expansion highlights the company’s commitment to becoming a leading player in the industrial and logistics sector.
About Alta Capital and Rava Partners
Alta Capital, founded in 2021 by Blackstone India’s former Managing Director Siddhartha Gupta, is the sole operating partner of Singapore-based Rava Partners. Rava Partners, the real estate division of Hillhouse Investments, has committed USD 1.1 billion to investments in India.
The partnership between Alta Capital and Rava Partners aims to drive growth in India’s real estate and logistics sectors by developing world-class industrial parks and logistics facilities.
Future Prospects for Ecobox and Logicap Advisors
The Mannur project marks a significant milestone in Ecobox’s journey to becoming a prominent industrial park operator in India. With its focus on creating modern, efficient, and sustainable infrastructure, the company is well-positioned to meet the evolving needs of businesses across various sectors.
By leveraging its strategic partnerships and industry expertise, Ecobox aims to play a key role in shaping the future of India’s logistics and industrial real estate landscape.
