AA Holdings, Avinya joins hands to invest in warehousing in India

AA Holdings, an industrial and warehousing development and funding firm helmed by real estate veteran Abhijit Verma, has entered into a strategic partnership with logistic development company, Avinya Industrial and Logistic Park to empower all small landlords and aggregators across the country to develop quality warehousing infrastructure. Through this partnership, the two entities aim to develop 20 million sq ft of land parcels across the country in the next 3 years to contribute towards the creation of a warehousing ecosystem at the grass root level. The joint venture will play a pivotal role in further expanding the burgeoning warehousing infrastructure development in the country which is currently limited to the top 8-10 cities only. This will enable local landlords and aggregators to acquire the necessary skill sets and knowledge to attract the right clients and make the right use of their real estate assets as India looks forward to becoming a USD 5 trillion economy. Commenting on the launch of his new venture, Abhijit Verma, Managing Director, AA Holdings said, “India is the fastest growing warehousing market in the world propelled by the rapid growth of e-commerce, the introduction of the Goods and Services Tax and the improvement in road infrastructure. These factors have unlocked immense potential to develop land parcels into prime warehousing properties and bring prosperity to the landowners by imparting the right knowledge in the best use of the asset and inculcating the necessary skill sets.” He further said that through this new venture, the company aims to be a catalyst and leverage their grassroots knowledge to help them emerge as developers by imparting the right business acumen, helping them connect with clients and guiding them in the best use of their assets. The company aims to combine its knowledge and expertise to deliver tailor-made solutions to landowners and aggregators to support both ends of the spectrum and help businesses across the country. Also Read GAIL seek Bids for 600 MW of Solar Projects in Gujarat JSW ReNew Energy completes phase -1 of 450 MW wind project