NaBFID’s Rs 745 Crore Investment in NDR InvIT’s Long-Term Bonds
In a significant move towards bolstering India’s infrastructure development, the National Bank for Financing Infrastructure and Development (NaBFID) has made a substantial investment of Rs 745 crore in long-term bonds issued by NDR InvIT, a leading Infrastructure Investment Trust in the country. This strategic investment, announced by NDR InvIT on Tuesday, marks a pivotal moment in the realm of warehousing and industrial parks sector.
Key Details and Implications
Managed by NDR InvIT Managers and sponsored by NDR Warehousing Private Limited, NDR InvIT stands out as a prominent player in India’s infrastructure landscape. The 15-year bonds, rated AAA/Stable by India Ratings (FITCH) and CARE, not only highlight the trustworthiness and stability of NDR InvIT but also emphasize its integral role in propelling India’s warehousing and industrial sectors forward.
Driving Force in Infrastructure Advancement
With the demand for robust logistics infrastructure escalating due to rapid growth in manufacturing and the exponential surge in e-commerce activities, NDR InvIT’s latest financial infusion positions it as a key driver in bridging critical infrastructure gaps. The investment comes at a crucial juncture when India’s logistics and warehousing segments are on the brink of unprecedented growth, as indicated by recent industry reports.
Expert Insights and Future Outlook
Krishnan Iyer, CEO of NDR InvIT Managers, expressed his enthusiasm about the partnership with NaBFID, stating that it is a significant step towards cementing NDR InvIT’s position as a pivotal enabler of India’s industrial expansion. CFO Sandeep Jain highlighted the importance of accessing sustained capital at competitive terms, underscoring NDR InvIT’s ability to thrive in the infrastructure investment domain.
As NDR InvIT continues to forge ahead as the first ‘perpetual warehousing and industrial parks’ InvIT listed on the NSE, boasting a substantial asset portfolio across multiple cities and industrial parks, the recent investment by NaBFID sets the stage for accelerated growth and enhanced infrastructure development in the country.
This partnership not only signifies a financial milestone but also underscores the collaborative efforts needed to drive India’s infrastructure sector towards a more sustainable and prosperous future. In a landscape where infrastructure plays a vital role in economic progress, such investments pave the way for transformative changes that benefit the nation as a whole.