The International Finance Corporation (IFC), a member of the World Bank Group, on Monday announced an equity investment of ₹225 crore (approximately $23 million) in NDR Smart Spaces Private Limited. The investment will support NDR Smart Spaces in developing a pipeline of approximately 20 million square feet of Grade A warehousing infrastructure across 14 cities, including approximately 8 million square feet under construction. Across NDR Smart Spaces’ 20 million square foot pipeline, this translates to around 24,000 direct employment opportunities spanning logistics, operations, maintenance, and management roles. Another critical component of NDR Smart Spaces’ development pipeline is cold storage infrastructure. Amrutesh Reddy, Director, NDR Smart Spaces, said: “IFC’s investment marks a significant milestone in NDR Smart Spaces’ growth journey.