APSEZ announces expansion in warehousing space

Adani Ports and Special Economic Zone Ltd (APSEZ) is expected to buy as much as 10 million square feet (sq ft) of warehousing assets every year as India’s largest private port operator bets on the e-commerce boom to raise capacity 150 times to 60 million sq ft by 2026 from the current 8 lakh sq ft.
Adani Logistics Ltd, a unit of APSEZ, will use a mix of organic and inorganic opportunities to sail into a dominant position in the segment.
The conglomerate led by Gautam Adani plans to add 30 million sq ft through greenfield development of warehouses leveraging its existing land parcels of 1,850 acres across top 20 cities in India, while about 30 million sq ft (16 per cent of Grade A market capacity) will be added through acquisition of strategic assets in the top 20 markets.