IFC anchors first sustainability-linked bond issued by NDR InvIT Trust to bolster green warehousing
This SLB invested in domestic local currency is the first by a warehousing InvIT in India. The funding aims to support the expansion of NDR InvIT’s warehousing operations, enhance infrastructure quality, and promote sustainable practices. It will also facilitate EDGE Certification — an international green building certification system by IFC — of existing in use facilities, reduce greenhouse gas emissions and lower water consumption.
“This partnership with IFC underscores our commitment to driving innovation, sustainability, and economic growth in India’s logistics sector. By adopting global standards like EDGE Certification and focusing on resource-efficient operations, we aim to not only meet the growing demand for high-quality warehousing but also contribute meaningfully to India’s climate goals,” said Amrutesh Reddy, Director, NDR InvIT Managers.
With the rapid expansion of e-commerce and manufacturing, the Indian warehousing sector is poised for substantial growth, with warehouse space expected to increase from 300 Mn sq ft in FY23 to 500 Mn sq ft by 2030, according to industry estimates.
“India’s warehousing sector is crucial for economic growth, supporting e-commerce, manufacturing, and the seamless movement of goods across industries. As demand for efficient warehousing solutions continues to rise, we are pleased to partner with NDR InvIT Trust on their first-ever listed bond—India’s first sustainability-linked bond issued by an infrastructure investment trust. The initiative aims to strengthen market
