Merrill Lynch, the US-based investment bank, has picked up a minority equity stake in Shree Rajlaxmi group`s upcoming warehousing development project for an undisclosed amount, reports Economic Times.

The project is a high-quality warehousing development that offers solutions to customers to enhance efficiency in their distribution channels, said Rajlaxmi group director Anish Damodaran. The group has identified additional locations to expand its presence on a pan-India basis, he added.

Indian warehousing sector has emerged as an attractive sector of investment for private equity. The sector offers significant growth opportunities, but currently there aren`t too many investors in this space, say industry executives. Private equity and real estate funds such as BlueRiver Capital and Kotak Reality have already invested in the logistics companies.