Category Archives: Warehousing

FM Logistic bags contract to boost UCB’s warehousing operations

FM Logistic, has been awarded an end-to-end National DC contract by global fashion brand, United Colors of Benetton to boost its growth in India, FM Logistic will carry out storage and handling operations spread across 1 Lakh sq. ft. at its owned FM Global certified and LEED Gold certified, Grade-A, Multi-Client Facility (MCF) in Farrukhnagar, Haryana. FM Logistic will not only cater to order preparation for UCB’s owned, franchised outlets and other partners, including E-com across India. FM will deploy plug-and-play comprehensive supply chain and IT solutions that will work seamlessly for B2B2C operations. Additionally, FM Logistic will provide value-added services like labelling, repackaging and manage returns & refurbishments. Considering the seasonal nature of the apparel business, FM Logistic is well-equipped to manage the seasonal peaks (which exist for a major part of the year) through a world-class warehouse management system. “We are committed to delivering to our customers the highest standards of safety, compliance, sustainability, conditions of work, quality and operational excellence at competitive costs, We are very thankful to United Colors of Benetton for their trust and long-term partnership. We are eager to support their rapid growth in the country by deploying our sectoral expertise, efficient solutions and technology along with the best warehousing standards in the country. Thus, enabling them to offer the best quality and a large range of products to their end consumers across various distribution channels from one integrated, state-of-the-art and sustainable order fulfilment setup. We are delighted to partner with United Colors of Benetton to manage their fulfilment operations pan India,” said Alexandre Amine Soufiani, MD – FM Logistic India.

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TT Aviation opens Kolkata for Export Customs Bonded Trucking

TT Aviation, which started its operation from 2010 in the Customs Bonded Trucking domain, has added Kolkata (CCU) in their network and got the necessary Customs approvals to start Export Bonded Trucking from Kolkata WEF Jan’23. In H2 2022, Kolkata was primarily used for import bonded trucking destination and successfully offloaded 150+ trucks. Kolkata is the 9th station in the network after MAA, HYD, BLR, COK, CJB, BOM, DEL & AMD, which is capable for both import and export bonded trucking activities. With this addition, the freight connectivity from Kolkata has been widened for the trade and it will connect Kolkata to all major metro/non metro air cargo terminals between 72-120 hrs. Size and shape of the cargo will not be a showstopper anymore and at the same time there will not be any commodity restrictions too. The road connectivity from Kolkata will reduce the logistics cost by approx. 10-14% for air cargo.

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‘Omnichannel retailing, sustainability, tech integration to rise in 2023’

Nishith Rastogi, Founder and CEO, Locus highlights trends for 2023 in logistics he says, “With the number of deliveries expected to be on the rise, several trends are expected to emerge, including: The rise in omnichannel retail: Omnichannel retailing is a process where businesses integrate all the channels to provide seamless shopping experiences to their consumers. Buying online and picking from stores (BOPIS) is a clear example. As a result, businesses increasingly invest in omnichannel capabilities to improve delivery control, speed, flexibility, and costs. It cuts unnecessary time for the product to move across intermediaries like the brand mother warehouse and makes last-mile logistics more efficient. The growing importance of Sustainability: Rising awareness around the need for sustainable operations has prompted businesses to find new ways to make last-mile fulfillment sustainable and more efficient. One example is how businesses invest in micro-fulfillment centers that are closer to customers to reduce emissions and speed up deliveries. We also expect to see continued investment in electric vehicles, parcel lockers (automated parcel devices that serve as alternate delivery locations for dense delivery zones), and greater adoption of route planning solutions to find the optimal route. That said, sustainability will take many forms going forward. Increasing adoption of technology solutions: Logistics and supply chain experts predicted that after 2022, businesses would move away from survival mode and double down on future growth opportunities. The number of packages that consumers order continues to be on the rise, and investments in logistics technology will give businesses the ability to make quick and informed decisions and differentiate their last-mile fulfillment experience. Studies have shown that by 2024, 50% of supply chain organizations will invest in applications that …

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Hyderabad to get new cold storage facility in April 2023

Gubba Cold Storage Pvt Ltd is planning to expand its services PAN India and in April 2023 the company is going to unveil a 6,000 pallets capacity facility with robust shuttle racking infrastructure at Gundlapochampally in Hyderabad, says Kiran Gubba, CEO, Gubba Cold Storage Pvt Ltd. At present, the company has 3 facilities located in Vishakapatnam, Hyderabad and Aurangabad with 5000 pallets & 2500 tons capacity.

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Rs 130 cr worth acquisition to build Grade A warehouse in India

Mirae Asset Credit Opportunities Fund has announced acquisition of a Mumbai-based industrial logistics and warehousing asset for Rs 130 crore, marking first such deal under its India-focused foreign institutional funds allocated for high-grade Indian real estate opportunities. Mirae Asset Credit Opportunities Fund, a category II AIF has made its maiden acquisition of a logistics facility, a pre-leased Grade A industrial asset at Bhiwandi, MMR, spread over a 10-acre land in Bhiwandi near Mumbai, the company said in a statement. The industrial property, housed in the 160-acre K-Square Integrated Industrial Park, has been acquired from Prakhhyat Group, it added. “We are also exploring opportunities at office acquisition deals including IT parks, corporate offices besides logistics & industrial space. We continue to be bullish on Indian economy and the real estate sector in India,” said Jun Young Hong, director, Mirae Asset Investment Managers (India) Pvt. Ltd. Mirae Asset Management also operates lending and mutual fund businesses. With a total leasable area of over 3 lakh sq ft, the acquired asset has been rented out to Rhenus Logistics, a global logistics services provider headquartered in Germany with operations across Europe, Asia, and South America.

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Tier II & III cities records 17.4% warehousing growth: Savills India

Industrial and warehousing space witnessed absorption of more than 46 mn sq. ft in 2022 which includes over 36 mn sq. ft from tier I cities and over 10 mn sq. ft from tier II & III cities. India witnessed a fresh supply of 47 mn sq. ft in 2022, of which 34 mn sq. ft was from tier I cities and close to 13 mn sq. ft from tier II & III cities, as per the latest data from International real estate advisory firm, Savills India. The new projects delivered with improved specifications and of high quality environmental, health & safety (EHS) standards. Supply & absorption in tier I cities (2022 vs 2021) 2022 2021 Y-o-Y change Supply (Mn sq. ft) 34.1 36.0 -5.3% Absorption (Mn sq. ft) 36.2 35.1 +3.1% Stock (Mn sq. ft) 300 266 12.8% Vacancy (%) 9.0% 9.4% -40 bps Supply & absorption in tier II & III cities (2022 vs 2021) * 2022 2021 Y-o-Y change Supply (Mn sq. ft) 12.9 8.9 +44.9% Absorption (Mn sq. ft) 10.1 8.6 +17.4% *Tier II & III cities include Coimbatore, Guwahati, Indore, Nagpur, Lucknow, Jaipur, Rajpura, Bhubaneswar, Kochi/Ernakulam, Patna and Hosur, Madurai, Varanasi, Hubli, Ludhiana Among the major cities in India, Delhi NCR led the pack with the highest absorption in 2022 at 16% followed by Mumbai at 14%. Pune and Bengaluru saw absorptions at 13% and 12% respectively, while tier II & tier III cities accounted for 22%. 3PL and e-commerce sectors continued to drive warehousing demand, together accounting for 52% of the total absorption witnessed in 2022, followed by manufacturing sector at 16% and retail sector at 13%. Grade A space accounted 42% of total …

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Andhra Pradesh to get 7 warehouses by 2025

The Central Warehousing Corporation (CWC) is planning to construct seven warehouses in Andhra Pradesh with a total capacity of over 18 lakh tonnes in the next two financial years, Minister of State for Food and Consumer Affairs C R Chaudhary told the Lok Sabha, as per reports. The CWC has already constructed six warehouses in Andhra Pradesh. Another about 1.28 million tonne capacity of warehouses will be constructed at Kadapa, Nandyal, Renigunta, Sattenpalli, Nellore, Nandikotkur and Vadlamudi in the state during 2023-24 financial year, the minister added.

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ColdStar Logistics has launched cold storage center in Mundka

ColdStar Logistics has launched its multi-temperature state of the art distribution center in Mundka (New Delhi/NCR). The facility is built over 50,000 sq.ft. fully palletized, with large staging and processing area, said Linkedin post. The facility offers seamless distribution services to the entire New Delhi/NCR region. The distribution center covers 120 plus pin codes in the city with over 200 unique deliveries executed every day.

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WAI held first AGM, shares plans for New Year

The Warehousing Association of India (WAI) held its first Annual General Meeting (AGM) of on December 22. The meet was attended by the association members from across India. Manu R. Bhalla, President, WAI gave an overview of the association’s progress and the initiatives planned for the New Year. The President listed some of the achievements 1. WAI & KPMG engagement with Karnataka Government on the ease of doing warehousing business in the state of Karnataka 2. Launch of the Warehousing Standards Handbook at National Logistics Policy Event by Hon. Prime Minister Sri. Narendra Modi on September 17, 2022 3. Convened the National Logistics Policy Conference at The Oberoi, New Delhi on 11th November’22 which was Chaired by Som Prakash, Minister of State, Ministry of Commerce & Industry, GOI at which other dignitaries like Pawan Agarwal, Past Special Secretary, Logistics & Trade, Ministry of Commerce & Industry, S.K. Ahirwar, Joint Secretary, Logistics & Trade, Ministry of Commerce & Industry, Er. S. Bhardwaj – Dy. Director-General, Ministry of Commerce & Industry, Government of India, Suresh Kakani IAS, Managing Director of Maharashtra Industrial Township Ltd., Pritam Banerjee – Logistics Specialist, Asian Development Bank To name a few: 4. Released WAI + EY Report for the Ease of ease of establishment & operating Warehouses in these states 5. Warehousing business by Sri Suresh Kakani IAS, Managing Director of Maharashtra Industrial Township Ltd in the presence of Er. S. Bhardwaj – Dy. Director-General- Pilot project in Maharastra, Haryana & UP 6.Discussion and Engagement with Asian Development Bank on Diversity in the Warehousing Industry 7. MOUs were signed with NAREDCO/ CVSCL/ ASSOCHAM / DPIIT 8. Engagement with Delhi Govt for Urban Logistics Policy 9. Bench marking …

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UP Warehousing and Logistics Policy gets green nod

In order to make Uttar Pradesh a trillion-dollar economy, the Yogi Adityanath government in UP approved a new ‘Uttar Pradesh Warehousing and Logistics Policy-2022’. The decision was taken in the cabinet meeting held recently. This policy will be effective for the next five years. A state government spokesperson said this policy has been made with a view to develop the logistics ecosystem in the state to create an international-level business environment. “With the successful implementation of this policy, the target of making the state’s economy one trillion dollars will be achieved,” he said. The new policy is to create a strong transport infrastructure network, upgrade and improve existing warehousing and logistics infrastructure, encourage integrated development of logistics services in the state to reduce logistics costs and improve efficiency.

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