In Phaltan, near Pune, we've embarked on the construction of a cutting-edge warehousing facility spanning an impressive 6.5 lakh sq. ft., strategically situated across 25 acres. This endeavor underscores our unwavering commitment to fortifying our nationwide network, catering to a diverse clientele within the automotive and manufacturing sectors. The completion of phase one by the end of 2024 will establish this facility as a national logistics hub for a prominent manufacturing partner. Furthermore, our incorporation of sustainability measures, including decarbonization and renewable energy utilization, underscores our dedication to eco-conscious practices. In addition to creating over 500 job opportunities, our investment of Rs. 170 crores, in collaboration with our development partners, will seamlessly integrate this facility into our existing infrastructure.

Simultaneously, in Nashik, we've expanded our current facility to 1.83 lakh sq. ft. and announced the development of a new 3 lakh sq. ft. warehousing facility. These expansions will catapult our warehousing capacity in Nashik to an unparalleled 5 lakh sq. ft., facilitating enhanced distribution solutions for the automotive, engineering, and consumer durables sectors. Leveraging technology-enabled processes and ensuring end-to-end visibility, we're poised to streamline operations to meet the evolving demands of our clientele. Our facilities, designed in alignment with sustainability standards, boast innovative features such as green cement flooring and on-site solar power generation. With an investment of Rs. 100 crores and the creation of over 300 job opportunities, we're steadfast in bolstering Nashik's position as a pivotal industrial and consumption hub. These expansions underscore the customer- centric ethos of strategically positioned warehouses, spanning critical industrial sectors nationwide, effectively bridging gaps across India.

Our initiatives in Phaltan and Nashik epitomize our unwavering commitment to delivering world-class, technology-driven solutions. Through strategic expansion of our warehousing footprint and integration of sustainability measures, we aspire not only to meet but exceed the expectations of our esteemed clientele. These facilities embody our vision of establishing larger, world-class infrastructures in Tier 2 and Tier 3 cities, thereby enhancing the overall business ecosystem for companies across diverse industries.