NaBFID invests Rs 745 cr in NDR InvIT’s long-term bonds

economictimes.indiatimes.com:

Bank for Financing Infrastructure and Development (NaBFID) has invested Rs 745 crore in long-term bonds issued by NDR InvIT, an Infrastructure Investment Trust managed by NDR InvIT Managers and sponsored by NDR Warehousing.

The funds raised through these 15-year bonds will be used to support NDR InvIT’s growth strategy, including the development of industrial parks and warehousing facilities across India’s key economic corridors, the company said in a release.

“The funds raised will enable us to capitalize on market opportunities, strengthen our portfolio, and deliver high-quality infrastructure that drives economic growth. We are excited about the opportunities this brings to contribute to India’s infrastructure goals and create long-term value for our stakeholders,” said Krishnan Iyer, CEO, NDR InvIT Managers.

This investment comes at a time when India’s logistics and warehousing sector is witnessing rapid growth. According to a report by Motilal Oswal, the Indian logistics market, valued at Rs 9 trillion in FY23, is projected to grow to Rs 13.4 trillion by FY28, registering a compounded annual growth