Andhra Pradesh has been facing a grave financial crisis for the past few months because of the lockdown and the disruption caused due to COVID-19. In April the CM of the state even made a pitch for liberal financial aid to Prime minister.
The Government of Singapore Investment Corporation is in the final round of talks with ESR to invest in their second India focused logistics funds. ESR Cayman is a logistics real estate platform backed by a private equity firm Warburg Pincus. GIC is expected to invest approximately Rs 7.50 billion o..