Category Archives: Warehousing

DP World has received Platinum certification from The Indian Green Building Council (IGBC) for its Nhava Sheva Business Park (NSBP). The IGBC rating systems acknowledge excellence in green design, construction, and operations, with the Platinum rating setting a benchmark according to international standards. NSBP has become the first FTWZ in India to achieve Platinum certification under the IGBC logistics parks and warehousing rating system. Strategically positioned near the port, NSBP is designed to facilitate global trade to explore the Indian market and vice versa. Operational since 2022, NSBP’s Platinum certification represents a significant leap forward for the Indian-Global trade ecosystem, providing sustainable supply chain solutions to its customers. Spread over 2 million square feet, NSBP is designed as per global standards and Green Building Certification requirements. The project design promotes natural habitat and biodiversity on-site. The facility has realized substantial benefits through noteworthy sustainable features. These include a 1.5MW Solar PV system covering 18.6% of annual energy consumption, 100% electric material handling vehicles for business park, water-efficient fixtures achieving 38.9% of saving, rainwater harvesting, and an impressive 75% reduction in construction waste as it was reused and recycled. Commenting on the achievement, Ranjit Ray, Vice President – Economic Zones, Middle East, North Africa, and Subcontinent said, “The IGBC Platinum certification marks an important milestone in the journey of Nhava Sheva Business Park. It is a testament to our unwavering commitment to pursuing eco-friendly practices in our operations that are beneficial to our customers and the planet. We prioritise customers’ needs above all, striving to provide sustainable and scalable logistics solutions to our esteemed customers.”

Tamil Nadu government has signed MoU with Hapag-Lloyd, German container shipping company which will make a substantial investment of INR 2,500 crore towards the development of container terminals and logistics parks in Thoothukudi and other regions within the state. The signed agreement is anticipated to generate employment opportunities for 1,000 individuals, as per the official release. Recognizing the pivotal role of efficient freight transport in the widespread industrial development of Tamil Nadu, the government is undertaking initiatives to enhance infrastructure, including the establishment of container ports and logistics parks at the state’s four major ports.

Express service providers Zomato and Blink-it have leased approximately 3,08,300 square feet of space at Sumadhura Logistics Park, Hoskote Bangalore for a tenure of seven years to meet increased demand. Hoskote and East Bangalore have witnessed tremendous demand for warehousing spaces in the recent past. Sensing the opportunity, Sumadhura Logistics Park, has out of 2.2 million square feet, leased out 3 lakh sq. ft. to Zomato and they are planning to expand up to 4 million sq ft of warehousing and industrial parks in the next few years.

TVS Industrial and Logistical Parks (TVS ILP) signed MoU with the Goa Investment Promotion & Facilitation Board (Goa-IPB) for the development of a Grade A Logistics & Warehousing Park in the Verna Industrial Estate. The commitment involves an investment of ₹125 crore, marking TVS ILP’s proactive stance in fostering industrial growth in the state. “Spanning an area of 15-20 acres, the project anticipates providing direct employment for 250 individuals and creating indirect opportunities for up to 1000 people, thereby contributing significantly to job creation in the local community. TVS ILP’s mission is to cater to the existing industries in Goa while enticing potential investors in critical sectors. The collaboration with the Government of Goa, as signified by the MoU signing, showcases TVS ILP’s dedication to enhancing the state’s industrial landscape,” reads the release. Dr. Ramnath Subramaniam, CEO of TVS ILP, said, “Our partnership with Goa-IPB is a significant milestone for TVS ILP. The Central Government has been making investments in Goa’s infrastructure, making it an attractive business destination. This MoU will help put Goa on the map for many businesses that require specialized warehousing solution. By aligning with the government’s vision, the logistics park aims to become a catalyst for economic growth, fostering industrialization and generating employment opportunities for skilled and semi-skilled talent in the state.”

Mahindra Logistics inaugurated a 1 lakh sq. ft. extension to its existing multi-client warehouse in Nashik and also announced the development of a new 3 lakh sq. ft. warehousing facility, thereby expanding its overall warehousing footprint to 5 lakh sq. ft. in Nashik, Maharashtra. This will be the largest warehousing space offered by any service provider in Nashik. The new facility is scheduled to become operational by the end of Q3 2024. The state-of-the-art facilities will significantly enhance Mahindra Logistics’ pan-India network of multi-client warehousing network. Mahindra Logistics manages the distribution of auto components for production plants located in Nashik, Igatpuri and Mumbai for an Auto OEM customer from its existing warehouse. The new facilities will offer inbound logistics and distribution solutions for Automotive, Engineering goods, and Consumer Durables customers, incorporating technology-enabled and automated processes with end-to-end visibility. Strategically located with an easy access to key industrial and manufacturing clusters as well as consumption markets in Nashik City, Aurangabad, Satpur, Silvasa, and others, these facilities are poised to facilitate efficient logistics operations. The facilities will be designed in accordance with Mahindra Logistics sustainability standards, encompassing the utilization of renewable energy, use of recycled construction materials, efficient liquid discharge management, and adherence to waste management requirements. With on-site solar power generation capabilities, they can fulfil all their energy needs and are equipped for solar charging for both cargo vehicles and personal mobility. The unique feature of these facilities is the introduction of green cement flooring in the warehouse, eliminating traditional cement. The company, along with its partners, plans to invest Rs. 100 crores for the establishment of these new facilities; and generating employment opportunities for more than 300 individuals in the …

In a strategic move set to reshape its operational landscape, Subham Freight Carriers opened its latest warehouse in Pondicherry, Tamil Nadu. This milestone represents more than physical expansion; a commitment to efficiency, customer satisfaction, and adaptability in a dynamic logistics landscape. Pondicherry, nestled on the southeastern coast of India, is not merely a serene coastal town but a crucial nexus for Subham’s expansion strategy. This move positions the company strategically to serve the Southern region with increased agility, reduced transit times, and a localised approach to logistics.

Mahindra Logistics Limited (MLL) announced the opening of its state-of-the-art warehousing facility in Phaltan, near Pune. Encompassing an expansive area of 6.5 lakh sq. ft., this facility will be developed in two phases. The first phase, comprising 3.5 lakh sq. ft., is scheduled to be operational by the end of 2024. Spread over an area of 25 acres at Phaltan, the new facility will be an important part of Mahindra Logistics Ltd. nationwide network of multi-client facilities. Phaltan is a strategic location in close proximity to key customers in auto OEM & components through this warehouse, Mahindra Logistics will manage inbound logistics to manufacturing and distribution solutions of diverse clients in automotive and manufacturing sectors, located in the region. The facility will be integrated with MLL’s national network of warehouses, full truck load, and express parcel service. Phase 1 has been contracted to a manufacturing customer and will function as their national logistics centre and will go live by Q3, 2024-25. Amongst the largest warehouses by logistics service providers in the region, the facility will be designed as per Mahindra Logistics Ltd. sustainability standards. These include measures such as decarbonisation, utilization of renewable power, adherence to green warehousing standards, and active participation in local community development. As a part of this announcement, Mahindra Logistics Ltd. also plans to dedicate resources to skill development initiatives, creating employment opportunities for more than 500 individuals in the region. The company and its partners are set to invest Rs. 170 crores in capital across multiple phases for the development of the new facility and related infrastructure. Mr. Rampraveen Swaminathan, MD & Chief Executive Officer, Mahindra Logistics Ltd. said, “To enhance our capabilities and meet …

CBRE South Asia, in its latest report titled, ‘CBRE Industrial & Logistics Figures H2 2023’ shares, Industrial & Logistics (I&L) leasing in Bangalore stood at 4.7 mn. sq. ft. in 2023. The total supply stood at 4.6 mn. sq. ft. During 2023, among the industry segments in Bangalore, 3PL firms drove leasing with a share of about (43%), followed by Retail (23%) and Engineering & Manufacturing (10%). During the Jul-Dec’23 period, Bangalore’s I&L leasing stood at 2.7 mn. sq. ft. while supply stood at 3.0 mn. sq. ft. Eastern Corridor led half-yearly supply and absorption. Small-sized deal closures dominated space take-up in the second half of 2023. Key leasing transactions recorded in the city during Jul-Dec’23: • DMart leasing 240,000 sq. ft. in Avigna Industrial & Logistics Park • Delhivery leasing 140,000 sq. ft. in independent warehouse • Swiggy leasing 140,000 sq. ft. in independent warehouse On a pan-India basis, the Industrial & Logistics (I&L) sector recorded an all-time high leasing activity in 2023, achieving an 8% Y-o-Y growth. Total leasing in 2023 stood at 38.8 mn. sq. ft. across eight cities. The drift towards more structured operational models of industries such as retail, FMCG, and manufacturing is driving an increased demand for efficient last-mile delivery solutions and warehouse solution providers are actively exploring markets to meet this demand.

IndoSpace has signed an MoU with the Maharashtra Government at the World Economic Forum in Davos. The company plans to expand its footprint by acquiring approximately 100 acres with an investment of more than INR 700 crore in the Chakan-Talegaon region. This move is expected to create new job opportunities and boost the region’s economic growth. Rajesh Jaggi, Vice Chairman – Real Estate, Everstone Group, said: “IndoSpace’s strategic approach to enhancing Maharashtra’s industrial and logistics infrastructure has strengthened further with the signing of this MoU with the Maharashtra Government. This collaboration will propel IndoSpace’s expansion in the Chakan-Talegaon region, creating sustainable and efficient industrial spaces that will drive India’s economic growth. We are honoured by the trust and confidence placed in our expertise and look forward to this shared vision with the government.” IndoSpace is currently leading the market in Pune with the largest portfolio. The company manages over 500 acres across nine international-standard industrial and logistics parks in the Chakan area, making it the preferred choice for major companies for their industrial and warehousing needs. With nearly 10.5 million sq.ft. of built-up space, IndoSpace’s parks are strategically located for e-commerce and 3PL companies looking to speed up distribution in the Pune region. This impressive portfolio has been built with an investment of more than INR 3,500 crores.

CBRE South Asia’s latest report titled, ‘Tier-II Cities: The Time to Shine’ highlights that nearly 35 major domestic and global retail brands entered 14 tier-II cities in the Jan-Sep’23 period, indicating a surge in warehousing activity in these locations. These 14 cities include Chandigarh, Jaipur, Indore, Goa, Mangalore, Kochi, Lucknow, Patna, Ranchi, Guwahati, Bhubaneshwar, Vizag, Mysore, and Coimbatore. As per the report, several domestic and international retail brands, including Croma, Armani Exchange, Malabar Gold & Diamonds, Reliance Smart, Tanishq, H&M, Marks & Spencer, GAP, Starbucks, Pizza Express, Under Armour, among others, have expanded their retail footprint to tier-II cities in Jan-Sep’23 period. According to the report, the total retail stock in these 14 tier-II cities stood at 29 mn. sq. ft. as of Sep’23, with Jaipur, Lucknow, and Chandigarh each boasting retail stock ranging between 3 to 7 mn. sq. ft. The retail development in these cities has been a healthy mix of high streets and malls. The total retail supply recorded in these 14 cities has been ~2.4 mn. sq. ft. during Jul-Sep ’23. Top cities dominating supply addition during this period include Chandigarh, Jaipur and Lucknow. The total absorption across the 14 cities stood at 2.4 mn sq. ft. in Jul-Sep’23 period, led by Kochi, Jaipur, and Goa.