In a significant stride toward sustainable development in India’s logistics and warehousing sector, the International Finance Corporation (IFC) has invested $75 million (INR 6,300 million) in NDR InvIT’s Sustainability-Linked Bond (SLB). Sponsored by NDR Warehousing Private Limited, this marks the first SLB issuance by a warehousing Infrastructure Investment Trust (InvIT) in India and sets a national precedent for sustainable investments.
The funding will support NDR InvIT’s expansion, focusing on modernising infrastructure and achieving sustainable milestones, such as IFC’s EDGE Certification, aimed at reducing greenhouse gas emissions and water consumption. The initiative aligns with India’s growing warehousing demand, driven by the rise of e-commerce and manufacturing, with warehouse space projected to grow from 300 million square feet in FY23 to 500 million square feet by 2030.
Amrutesh Reddy, Director of NDR InvIT Managers, emphasised the pioneering nature of the initiative, stating, “This partnership with IFC underscores our commitment to innovation, sustainability, and economic growth in India’s logistics sector. By adopting global standards and resource-efficient operations, we aim to meet growing warehousing demand and contribute to India’s climate goals.”
IFC’s Regional Director for South Asia, Imad Fakhoury, added, “This initiative will enhance market competitiveness, attract global capital, and bolster India’s logistics infrastructure while addressing climate objectives. Through green solutions, we are shaping a resilient and sustainable future for India’s supply chain.”
In addition to financial investment, IFC will offer technical support for achieving environmental and social governance targets, such as gender-inclusive practices through the India Gender Collaborative. This investment positions India’s warehousing sector as a global leader in sustainable logistics.
