Mirae Asset Global Investments India, Investment in Amazon Fulfillment Logistics Center in Mumbai Area

Mirae Asset Global Investments' India branch announced on the 6th that it has completed an investment in a large-scale logistics center measuring approximately 46,450m² located in the Mumbai area. This is the second deal following the direct investment of about 21 billion KRW in a logistics center in the Bhiwandi area in January this year, making it the first foreign asset management company to invest in India.

The second logistics center, in which Mirae Asset Global Investments invested approximately 28 billion KRW, is an "Amazon Fulfillment Logistics Center," operated by Amazon, the number one global e-commerce company in India. It is one of two Amazon fulfillment logistics centers located in the Mumbai area and is regarded as a key logistics center in Mumbai, the economic capital with a population of 20 million.

Bhiwandi, located on the outskirts of Mumbai, is a key logistics hub attracting attention, with many global major companies' logistics centers concentrated there. With this investment, the total investment scale of Mirae Asset Global Investments' India branch in the Bhiwandi area is expected to expand to approximately 75,000m².

A representative of Mirae Asset Global Investments' India branch stated, "Considering India's rapid economic growth, the demand for logistics centers is bound to increase further," adding, "We plan to strengthen our position as a core investor in the logistics center market in India and continue to show interest in commercial real estate in key central business districts (CBD) beyond logistics centers."

Meanwhile, Mirae Asset Global Investments' India branch, which established its corporation in Mumbai in 2006 and officially entered the Indian market by launching its first fund in 2008, has grown into the 9th largest asset manager locally with assets under management (AUM) of 23 trillion KRW as of the end of August, over 15 years. Currently, as the only independent foreign capital asset manager in India, it is enhancing its expertise by expanding its business into various areas beyond fund management and advisory services. In 2019, it received approval from the Securities and Exchange Board of India to transition to an asset management holding company system, expanding its business areas to include NBFC (Non-Banking Financial Company), VC (Venture Capital), and others.

This content was produced with the assistance of AI translation services.