IndoSpace, backed by Everstone Group, is set to invest over Rs 580 crore in developing two new logistic parks across 76 acres in Karnataka. This is part of a larger Rs 3,000 crore commitment to the state under a 2022 MoU. The parks, focused on industries like automobiles and electronics, will offer 1.8 million sq ft of development potential. IndoSpace currently operates three parks in Karnataka and has 52 nationwide, reflecting strong demand in the logistics sector.
