Category Archives: Warehousing

TVS Industrial & Logistics Parks (TVS ILP), part of TVS Mobility Group, has plans to invest $1 billion in developing 20 million square feet of infrastructure in 20 different warehousing parks in the country in the next three to four years. TVS ILP already has 11 logistics parks in Tamil Nadu, Maharashtra, Odisha, Andhra Pradesh and Rajasthan with a cumulative space availability of 10 million sq. ft. The company currently has a 35 clients from across segments viz. FMCG, FMCD, 3PLS (third party logistics in supply chain management), CDE (Consumer Durables and Electronics), e-commerce, automotive and manufacturing.

GMR group has divested its 8.18 lakh square feet warehousing facility at the Hyderabad Airport to ILP Core Ventures I PTE Limited for Rs 188.1 crore. GMR Hyderabad International Airport Limited (GHIAL), a step-down subsidiary of GMR Airports Infrastructure Limited, has signed the definitive agreements and closed the transaction with ILP Core Ventures I PTE Ltd, it said in a statement. ILP Core Ventures I PTE Ltd is a step-down subsidiary of Indospace Core PTE Ltd. This divestment of the warehousing facility was concluded by means of divestment of a 100 per cent equity stake of GMR Hyderabad Airport Assets Limited (GHAAL), a subsidiary of GHIAL and a special purpose vehicle (SPV) that owned this warehouse facility, the group said. Post the conclusion of the transactions, GHAAL would cease to be a subsidiary of GHIAL, it added. The resulting cash flows from the deal will help in deploying capital in expansion facilities and other growth opportunities at the Hyderabad Airport Land Development portfolio, the statement said.

Blackstone Group is betting big on warehousing and logistics development in India with plans to expand its warehousing portfolio in the country by 2.5 times to 100 million sq ft from current 40 million sq ft in the next 3-5 years. The decision is taken owing to the rising consumption led by demographics, ecommerce penetration and supporting regulatory initiatives by the government. The group will be furthering its logistics portfolio through its existing joint ventures and partnerships and will also be forging new alliances for the same.

IndoSpace Core has acquired the Amazon Fulfilment Centre in Hyderabad from GMR Group further expanding its pan-India portfolio. This is IndoSpace’s maiden acquisition in the city. With this investment, IndoSpace strengthens its regional presence and significantly expands its key tenant relationship. The acquisition which spans over 0.8 million square feet increases IndoSpace’s portfolio to approximately 58 million square feet of advanced logistics and industrial infrastructure across 51 parks in India. This asset in Hyderabad Airport City is strategically positioned near vital transportation hubs, ensuring convenient access to the airport, major highways, and railways and excellent connectivity to the city. The strategic location makes this facility the perfect choice for logistics operations. Rajesh Jaggi, Vice Chairman – Real Estate, Everstone Group, said, “We are thrilled to announce the extension of our presence into Hyderabad city with this acquisition in our IndoSpace Core portfolio. Hyderabad has established itself as a prominent market for logistics and real estate in India. This deal signifies another important milestone in our growth journey and underscores our unwavering commitment to offering world-class facilities to our valued clients.” IndoSpace continues to strategically evaluate attractive opportunities to expand its portfolio in key target markets across India.

Stellar Value Chain Solutions has added 1.5 million sq. ft. warehousing space (Distribution Centres) at Bhiwandi and 0.5 million sq ft. at Banur, Punjab thus scaling up its warehousing capacity by an additional 2 million sq ft in May this year, said release. After this latest operational expansion, the total warehousing capacity of Stellar Value Chain Solutions has risen to 16 million sq. ft. The capacity addition is primarily aimed at efficiently managing pan India supply chain operations for a consumer durable giant. Stellar has taken over the pan India Central Distribution Centre Operations and two regional Distribution Centres. The company has plans to roll out 5 million sq. ft. of warehousing operations every year and is in the process of raising funds (primary capital) of upto Rs.400 crore for further growth and expansion. Stellar has also released a new RFQ of 10 million sq. ft. of total Logistics space to be developed either through the BTS (Built to Suit) route or the RTM (Ready to Move) route as the need may be over the next two years. The BTS facilities are being explored across Mumbai, Bangalore, Lucknow, Patna, Guwahati and some other cities. The RTM options are being explored across the 21 major cities in the country where Stellar has already established a considerable presence. Strategically located at Bhiwandi and Banur, these mega Distribution Centres are spread across 2 million sq. ft. and are well-connected through major highways, thus offering quick transportation to the rest of the country.

P.M. Relocations acquires a new warehouse facility in Mumbai, Maharashtra. With this newly acquired warehouse at Shree Rajlaxmi Logistics Park, the company now boasts of a total 25,000 square feet of warehousing space in Mumbai. This expansion marks a significant milestone in the company’s continued growth and commitment to providing unparalleled moving solutions to its clients worldwide. With this strategic move, PM Relocations aims to address the increasing demand for storage and relocations within the bustling city of Mumbai, catering to both short-term and long-term storage requirements, as well as commercial goods and fine art movements. “We are excited to take up a new warehouse facility in Mumbai,” said Aakanksha Bhargava, CEO at PM Relocations Pvt Ltd. “This expansion allows us to enhance our operational efficiency, improve customer satisfaction, and meet the growing needs of our clients. We are dedicated to providing stress-free moving experiences, and this new warehouse further strengthens our ability to deliver on that promise.” The new warehouse offers a host of benefits to PM Relocations and its clients. With increased storage capacity, the company can streamline its operations, reducing transportation costs and enhancing flexibility. Additionally, the state-of-the-art facility includes temperature-controlled zones to cater to specialized storage requirements. To ensure the utmost security and monitor activities within the warehouse, 24/7 CCTV surveillance has been implemented.

Block your dates for the fifth edition of SCM Logistics World, to be held on June 7 2023 at Radisson Blu, Mumbai. Centered around ‘Embracing agility to future proof supply chain ecosystems,’ the show will focus on supply chain and logistics sector integrating technologies such as Internet of Things (IoT), cloud computing, artificial intelligence (AI) and machine learning to upscale manufacturing and distribution operations. The show will deliver the must-have insights, strategies and frameworks of chief supply chain officers and their leadership to bring continued agility, resilience and adaptability to their organizations. The forum will gather relevant stakeholders from across sectors to explore latest trends and new age strategies to ensure optimal utilization of the entire function. With over 150 Supply Chain Management leaders attendees in person, the summit provides a great opportunity to learn and network with influential CSCOs, Supply Chain Directors, and industry experts in the supply chain and logistics domain.

Gati, an Allcargo Group company has entered into partnership with Schneider Electric to design greener logistics solutions for the company. In the initial phase of the collaboration, Gati has exclusively deployed alternative fuel vehicles for pick-up of consignments from Schneider Electric’s key distribution centres at Kundli in Haryana, Bhiwandi in Maharashtra and Chennai in Tamil Nadu. Subsequently, deliveries in Gurugram is also being carried out with alternative fuel vehicles. Pirojshaw Sarkari, CEO, Gati Ltd. and Vikrant Tyagi – Director – Logistics and Supply Chain Schneider Electric along with Schneider Electric’s logistics team have flagged off the alternative fuel vehicles at the Farukh Nagar STC on May 24, 2023. Apart from offering low-emission long haul transportations, under the greener logistics collaboration, Gati will also manage local deliveries in Gurugram for Schneider Electric with a fleet of alternative fuel vehicles. Commenting on the association, Pirojshaw Sarkari, CEO, Gati Ltd. said, “The deployment of alternative fuel vehicles is a part of our mission to boost environmental sustainability in express distribution and support the government in reducing carbon footprint. We are delighted to partner with Schneider Electric to develop greener logistics solutions which are in line with our vision to adopt green mobility. We have an ongoing express distribution partnership with Schneider Electric for pan India transportation and delivery. The latest green logistics collaboration will further enhance our synergy with them. We look forward to supporting Schneider Electric in its sustainability goals. We hope that the partnership will serve the foundation for a broader collaboration, focussing on creating an environmentally sustainable and efficient express distribution services.”

To support infrastructure-led growth, mere budgetary provisions will be insufficient and private participation is extremely crucial,” said Nitin Gadkari, Minister of Road, Transport and Highways, Govt of India in the presence of Rajiv Bansal, IAS Secretary, Ministry of Civil Aviation of India, while unveiling the report on ‘Infrastructure – Key Driver of India’s Amrit Kaal March’ by CareEdge Ratings. He added, “There are four key pillars which will be regarded as the biggest capital in this century- Honesty, Credibility, Quality and Goodwill. Credit rating plays an important role at every step of infrastructure development. Be it for achieving financial closure, or at the time of bidding projects or at the time of seeking refinancing etc. The credit rating assessment is expected to incorporate performance evaluation of the contractors giving a lot of emphasis on quality parameters, transparency, technical innovation in works execution and also achieving cost efficiencies in a time-bound manner. This is the need of the hour.” Mehul Pandya, MD & CEO, CareEdge Ratings, “We are impressed by the Government’s unwavering commitment, exemplified by multiple ambitious projects such as Smart Cities Mission, Bharatmala Pariyojana, Sagarmala, Gati Shakti, UDAN and the Atal Mission for Rejuvenation and Urban Transformation (AMRUT). These initiatives aim to enhance connectivity, upgrade urban infrastructure, develop transportation networks, promote sustainable practices, and bridge the rural-urban divide. Such endeavours lay a solid foundation for inclusive growth and contribute significantly to the nation’s overall progress.”

Gati Limited has recorded a revenue of ₹1,469 Crores in FY23 for the express business, witnessing a growth of 18% as compared to the last year. Pirojshaw (Phil) Sarkari, Chief Executive Officer Gati said, “This performance reflects company’s focus on volume growth and operational efficiency. The year saw Gati launching its mega surface transhipment hub at Bhiwandi (Mumbai), in addition to hubs at Nagpur and Guwahati. The Mumbai hub is spread over 1.15 lac square feet with 61 bays and dock leveler. We also saw 100% implementation of digital e-dockets for retail clients and have started a pilot for MSMEs. The gross margin expansion remains on track, witnessing an improvement of 133bps over last year. In the next phase of infrastructure development, we’ll be setting up four surface transhipment hubs in Bengaluru, Hyderabad, Indore and Kolkata.” The quarter gone by saw weakness in initial months followed by a very strong March. However, overall weakness in consumer durables and automobile sector, notwithstanding the unseasonal rains dampened the sentiment a bit. Despite tough economic scenario, the company has been able to maintain its performance. Our strategy for delivering such performance remains consistent and relies on our pillars of digitalization, sales acceleration, infrastructure, and operational excellence. We mandated GPS in all Linehaul & Feeder vehicles, to enhance visibility, improve performance & optimized productivity via continuous monitoring. The Company also improvised on dashboard designs to enable real time data visibility and KPI monitoring. Gati aims to enhance customer experience and operational excellence on front-end digitalization that include CRM system for managing customer relationships, sales acceleration with cluster-based approach, data science and digital payments.