Hiranandani-backed Greenbase to invest ₹3,500 crore in logistics expansion

Greenbase, a logistics and warehousing platform backed by the Hiranandani Group, is set to inject ₹3,500 crore into expanding its industrial and logistics footprint across India. The investment will support the development of approximately 9 million square feet of modern warehousing, industrial and logistics infrastructure over the next five years.

Tamil Nadu features prominently in the company's expansion strategy, with the southern state accounting for 5 million square feet of the planned capacity additions. The focus on Tamil Nadu reflects the region's growing significance as a logistics and manufacturing hub, driven by improving connectivity and rising e-commerce demand.

The infrastructure rollout aligns with broader trends in India's logistics sector, where demand for organised warehousing and distribution facilities has surged in recent years. The expansion is expected to support various sectors including e-commerce, third-party logistics, manufacturing and supply chain operations.

Greenbase's growth plans underscore investor confidence in India's logistics market despite economic headwinds. The platform's push to expand capacity comes as companies across sectors seek standardised, professionally-managed warehousing solutions to optimise their supply chain operations.