Category Archives: Warehousing

Indicold inaugurated the latest location on its Network at Rai Industrial Area Sonipat on 9th March 2023. The brand-new facility is a completely frozen facility with a capacity of 4416 pallets. The facility is equipped with the latest machineries and technology. It is designed with a view to minimize temperature loss by efficient planning of operations, mechanized movement, computer controlled plant management etc. The facility was inaugurated by Sh. Kalyana Rama, Chairman and Managing Director, CONCOR in the presence of Directors of CONCOR, Sh. Rajesh Goyal – President of Federation of Cold Storage Associations of India, Ms. Pragya Nehru, Director CII FACE, Shri Mukesh Aggarwal, MD, Siddhi Enterprises, Sh. Kartik Jalan, CEO & Founder Indicold. Sh. Kalayan Rama keenly noted the achievement by Mr. Mukesh Agarwal and Indicold is putting up this facility in a timeline of less than 60 days. This is no mean feat and an industry record by any standards. Sh. Mukesh Agrawal, thanked the entire team, vendors and specifically Indicold team led by Mr. Kartik Jalan in driving these seemingly impossible time lines and ensuring early commissioning of a world class facility. The event was well attended by industry leaders and representatives of the cold chain sector across Indicold’s verticals of store, move and prepare. On the day of the inauguration the first trucks of ice cream were unloaded and the facility started operations.

Welspun One Logistics Parks (WOLP) launched its second fund of INR 2,000 crores, including a green shoe option of INR 1,000 crores. Welspun One Logistics Parks Fund 2 is the successor of WOLP Fund 1, a SEBI regulated Alternative Investment Fund or “AIF” offering for domestic investors which it had launched in early 2021. WOLP Fund 1 received a favourable response from investors and successfully raised capital commitments of ~INR 500 crore from a set of high net worth investors including marquee individuals and family offices. WOLP Fund 1 has delivered strong performance with a track record of 100% commitment across a portfolio of 6 investments, aggregating to ~6.5MM sf in a short span of ~1.5 years from its first close. Further, the portfolio has also seen excellent traction on the ground with ~50% of portfolio expected to be physically delivered, leased and operating by mid CY2023. The fund’s performance is reflected in its inception to date gross IRR of ~21% basis its 30 September Net Asset Value (NAV) which is computed based on an independent third party valuation by a leading international property consultant. The Company places a strong emphasis on creating and implementing robust processes for a high level of governance and transparency across its business. A recent initiative on this front is the “WOLP investor portal”, a first-of-its kind offering in the real estate private equity space which provides investors with online access to comprehensive information on their portfolio assets and performance along with a full repository of fund documents, all at the click of a button. Balkrishan Goenka, Chairman, Welspun Group said, “The warehousing industry is now a fully integrated priority sector in India that contributes …

NCR based Industrial and Logistics real estate developer Pragati Group, has raised $200 Million of equity capital from a Private Equity fund based in Singapore. Pragati has been offering customized warehouse development solutions since its inception in 2010 to top MNCs like Amazon India, Flipkart, DHL-Bluedart, Bosch, Daikin, and many more. The Singapore based fund has committed to invest $200 Million with Pragati Group towards development of industrial and logistics real estate assets as per the deal signed in Q3 FY 2022. Part of the deal involved acquisition of 2 international grade operational assets of approx. 2 million sft of GLA in NCR, Pragati One & Pragati Farukhnagar Logistics Parks, providing successful exit to the previous financial partner Morgan Stanley. Part of the deal also saw this fund acquire an equity stake in Pragati. Col. Jitender Yadav, Founder of Pragati Group said, “Pragati’s vision is to be one of the top 5 industrial & logistics real estate developers in the country by developing a portfolio spanning 30 million sq.ft across key Tier I and Tier II Indian cities with best in class Grade A specifications and with sustainability and ESG at the heart of our business. Pragati has an excellent track record of working with world class companies like Amazon, Flipkart, DHL, Daikin, Bosch etc. and this capital will enable us to expand to other major cities in India.”

Coldman Logistics has launched its all new all purpose warehouse of 9,000 Pallets capacity near JNPT Port, this is the company’s second launch for the year; with this launch Coldman is now available at 14 cities with 1,00,000+ Pallets position across the country, said company’s official Linkedin post. “Our new facility is equipped with the latest technology, providing us with the capacity to store more products and streamline our operations. This expansion is a result of our dedication to providing exceptional service to our customers and our commitment to meeting your evolving needs. The warehouse is strategically located just 11 KM away from JNPT Port, making it easier for us to access major transportation routes, EXIM cargos ultimately resulting in faster and more reliable deliveries. Our new facility is an environmentally conscious facility, with sustainable practices implemented throughout our operations. This includes energy-efficient lighting, recycling programs, and an efficient use of resources, which aligns with our company’s commitment to sustainability. We continue to offer you, our customers, the same high-quality products and services that is synonymous with our name, but with improved efficiency and speed. We are grateful for your continued trust in our brand, and we look forward to serving you from our new facility,” said post.

The commercial capital of Madhya Pradesh, Indore, will soon have its own multi-modal logistics park as the work for the project has been awarded, the Ministry of Road Transport and Highway (MoRTH) announced. The MMLP project has been awarded to GR Infraprojects Limited, and will be developed in three phases for which target completion of Phase-I is two years, that is, by 2025, leading to commercial operations. Indore has a rich ecosystem, fertile soil and high-quality workforce. The MMLP at Indore will be developed in an area of 255.17 acres near Pithampur in Dhar district. “The site is strategically located near Pithampur industrial area, apparel and pharma cluster and abutting the Indore Tihi- Dahod rail line as well as proposed Mhow ring road, at 30 km from Indore Airport and Indore city. The estimated total project cost is Rs 1,110.58 crore,” the Ministry said in a statement.

China’s Cosco Shipping has opened a sea and air logistics centre in Guangzhou Airport’s economic zone to expand global operations. The facility is to include warehousing, logistics, e-commerce and other value-added services, said a statement. Its opening marks the start of the Shanghai-headquartered company’s regional supply chain platform in southeast China. Cosco Shipping Logistics chairman Han Jun said: “This logistics park applies [a] smart management system, which can make the best use of visualisation, digitalisation and intelligent technology to build a safe, convenient, efficient and green park. “This project is in line with the national Great Bay Area development strategy and we will increase investments in core resources and accelerate upgrading [to create an] integrated logistics supply chain.” CMA CGM, Maersk and Mediterranean Shipping Company (MSC) have all invested aircraft or entered partnerships to develop their own cargo airlines. CMA CGM Air Cargo is partnering with Air France-KLM and recently launched flights to Shanghai. Maersk has bought and leased aircraft, purchased freight forwarder Senator International (rebranded as Maersk Air Freight) and set up a subsidiary airline, Maersk Air Cargo, which began operations in October 2022. Atlas Air took delivery in November 2022 of the first Boeing B777-200 freighter that it will operate on behalf of MSC.

Saudi Arabia’s Port Authority signed a 1 billion riyal ($267 million) agreement with Jeddah’s chamber of commerce to establish a logistics zone in Jeddah’s al-Khomra, both sides, said a statement. The new zone will be built in an area spanning 3 million square meters in the Red Sea port city, Jeddah Chamber said in a statement. The zone will provide a number of services including warehouses and specialized storage facilities, the Port Authority said in a statement.

Drools India, a leading provider of quality pet food and nutrition products, is proud to announce the opening of the largest CNF warehouse in the pet food category in Bhiwandi, Maharashtra, India. This state-of-the-art facility has a storage space of seventy thousand sq. ft. enabling faster supply chain management and quality control. The warehouse will revolutionize the way Drools serves its customers by sharing fresher inventory straight out of their manufacturing unit. It has already established primary routes across the state and will serve the expanding customer base across key cities such as Mumbai, Nashik and Thane. The warehouse features advanced technology and equipment that will streamline the loading and unloading process, reducing the time it takes to unload an 18-MT vehicle to just three hours and to load an LCV in just one hour. It further will be able to load and unload five vehicles at once, reducing billing and delivery time to just 48 hours. Commenting on the new warehouse, Dr. Shashank Sinha, CEO and Veterinarian, Drools, said, “The inauguration of the largest CNF warehouse in this industry marks a significant step ahead for Drools. We are excited to unveil this new state-of-the-art warehouse, which will significantly improve our supply chain and customer experience. It will provide a direct upgrade to 2500+ retail outlets, pet stores and shops. Our ultimate goal is to provide all our stakeholders with the highest quality products and exceptional service, and this new facility will allow us to do just that.” “We are committed to investing in our infrastructure to better serve our customers and continue our growth as a leader in the pet food and nutrition industry”, he further added. This new …

Ecom Express Limited has opened its fulfillment centre in Chandigarh. This will be the Company’s first grocery fulfilment center in Punjab and 60th fulfilment centre in India. The new grocery centre in Chandigarh sprawls across the area of approximately 90,000 Sq. ft. The site has been selected for its strategic location-based network centricity. It is designed to support over 30 dark stores to supply grocery items on demand, speed to market and customers. With this growth, the grocery chain will be able to serve a wider range of customers and transport their orders to towns in neighboring states and the region more quickly. The facility has a value creation area that provides labelling, packaging, and dispatch services, with an average inventory of close to 2.8 million items and processing capacity to handle up to 270,000 units throughput per day at full capacity. Modern Vertical Reciprocal Conveyors (VRCs) lifts, and spiral conveyers with long-span multi-tier shelving will optimise the operations to give high mobility and speed in the movement of items. Furthermore, with temperature-controlled system, up to -20 degrees, the facility can handle fruits and vegetables operations with less chances of wastage.

Ekart, India’s largest supply chain network and part of the Flipkart group, will now make its warehouses across the country available to brands, manufacturers, retailers, and SMEs as a part of its vision to become a fourth-party logistics (4PL) player in the country. “The initiative will enable brands of all sizes, manufacturers, and retailers from across industries to leverage Ekart’s technologically-advanced fulfilment centres for flexible, affordable, and scalable inventory storage solutions,” says an official release. The end-to-end warehousing services by Ekart will include ready-to-use best-in-class warehousing space, order management, integrated logistics and inventory management, further helping brands scale their business. “Ekart will also offer specialised facilities such as temperature-controlled storage and storage for high-value inventory for businesses in need of these requirements.” Ekart has a pan India supply chain network spread across more than 20 million sq feet. To begin with, it will offer four dedicated sites across Bilaspur in Haryana, Malur in Karnataka, Saidham in Mumbai, and Uluberia (West Bengal) as well as 17 shared sites across India to businesses of all sizes. The warehouses will ease the fulfilment process of orders for customers by helping reduce the transit time and better delivery speed. “The state-of-the-art, Grade-A fulfilment centres are equipped to facilitate the safe and speedy delivery of orders. Ekart’s capability to handle 80+ product categories will also now be available to the brands.”