The Hiranandani group will invest Rs 25 billion into two major projects, marking its entry into the warehousing and logistics space. The company plans to get a toehold in automobiles; micro, small and medium enterprises; and e-commerce warehousing by the first quarter of 2019.

The country's logistics industry is projected to be worth $215 billion by 2020-21, recording a 10 per cent compounded annual growth rate (CAGR) over its approximate size of $160 billion in 2016-17.