AA Holdings, Avinya Industrial tie-up to invest in warehouse infra.

AA Holdings, an industrial and warehousing development and funding firm held by Abhijit Verma, and Avinya Industrial and Logistic Park, a logistic development company, announced a strategic partnership to empower small landlords and aggregators across the country by developing warehousing infrastructure.

Both organisations plan to jointly develop 20 million square feet of land parcels across the country in the next three years, said the company.

“India is the fastest growing warehousing market in the world propelled by the rapid growth of e-commerce, the introduction of the Goods and Services Tax, and the improvement in road infrastructure. Through this new venture, we aim to be a catalyst and leverage their grassroots knowledge to help them emerge as developers by imparting the right business acumen, helping them connect with clients, and guide them in the best use of their assets,” said Abhijit Verma, Managing Director, AA Holdings.

HBL