Indian Economy News

Panattoni to invest US$ 100 million in India annually

Panattoni, one of the world’s largest industrial real estate developers, has revamped its India strategy and leadership as it plans to invest about Rs. 886 crore (US$ 100 million) annually to expand across key industrial and logistics hubs. The United States (US)-headquartered company is accelerating its India operations through joint ventures with domestic and global investors, alongside development management and build-to-suit (BTS) projects. The Managing Director - International Project Management, Mr. Norbert Sumisławski, will additionally oversee India operations, guiding the company’s growth in Tier-I cities, including Bengaluru, Chennai, Hyderabad, Delhi-National Capital Region (NCR), Mumbai, and Pune.
In Delhi-NCR, Panattoni has invested Rs. 110 crore (US$ 12.41 million) in a warehouse park on National Highway (NH) 352 in Haryana to serve e-commerce, fast-moving consumer goods (FMCG), and automotive clients. The company has also partnered with Kerala-based Edayar Zinc Ltd to develop a Grade A+ multi-client logistics and industrial park in Kochi’s Edayar Industrial Area with a total investment of Rs. 800 crore (US$ 90.25 million). Phase I will span 20 acres and feature 5,20,000 sq. ft. of advanced infrastructure, with construction scheduled to begin in February 2026 and operations by February 2027. Chief Financial Officer, Panattoni India, Mr. Rajiv Sinha, said the partnership with Edayar Zinc and the Kerala Government demonstrates the company’s commitment to modernising India’s logistics infrastructure. With leasing in India’s top eight cities exceeding 36 million sq. ft. in 2023 and expected to grow 10-12% annually, Panattoni sees India as one of its most promising growth markets.

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