Ascendas Singbridge to invest in India

Singapore’s private equity fund Ascendas Singbridge plans to invest in warehousing segment of India. Ascendas Singbridge will establish logistics park on 50-100 acres on the outskirts of major cities and will also set up warehouses manufacturing hubs like Bhiwandi, Hoskote, Nagpur, Thane, Raigad district. “We do not want to be dependent on a particular sector and we are looking to derisk. We have capability to build warehouses, control and manage development,” said Sanjay Dutt, India CEO, Ascendas Singbridge.