Embassy Industrial Parks is a joint venture between Embassy Group, India’s leading property developer and Warburg Pincus, a leading global private equity player.
Chakan is an automotive belt and Mahindra Logistics already has some existing relationships and volumes, hence it will be utilized properly, as per the company expectations. Additionally, this warehouse is also owned by the big investors, as mentioned above, hence it is expected to be a better facility than the individual owned warehouse.
The space was expected to be handed over in April but it has commissioned earlier than expectations. This is a positive news on the counter.