Category Archives: Warehousing

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.

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.

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 …

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.

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.

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 …

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.

Adani Ports and Special Economic Zone has ventured into the warehousing business. The company announced that its subsidiary, Adani Logistics, has signed a joint venture agreement with DA Group and its affiliates. The joint venture is a 50:50 partnership, and it will develop and operate logistics and warehousing parks in Ahmedabad and Kolkata, according to the statement from Adani Ports shared with stock exchanges. Adani Logistics will nominate three directors to its board while DA Group will send two directors for the joint venture. In a recent development, the Adani group and its Israel partner Gadot won the tender to privatise Israel’s Haifa Port earlier this year. In this regard, an Indian company winning a tender to privatise Haifa Port, a strategic asset for Israel, is a “wonderful, wonderful signal,” Israel’s Ambassador to India Naor Gilon said and noted that the two countries have excellent bilateral relations.

Om Logistics is currently expanding its warehousing presence to accelerate its door to door express services. In this sequence, the company has inaugurated its warehouse in Dabaspet, Bengaluru. The Dabaspet warehouse was also on the priority list and the company’s director Mr. Raghav Singhal has inaugurated this 41,000 sq ft warehouse on Friday, 9 December 2022 in a grand event. Strategically, company has developed this warehouse to meet the increased business demands. Many of the company’s regional key customers are located in the Dabaspet Industrial Area and operate from there. For them, the company has been working for a long time at Dabaspet. The company is currently handling 800 to 1000 tonnes of cargo per day which is expected to be 1500 tonnes shortly. In terms of transportation advancements, we can load and unload nearly 50 trucks at the same time. Here, the company has developed a spacious parking lot as well as rooms for the drivers to rest and stay. The company always takes care of the food and accommodation of the drivers and considers it as the first priority. The company has also developed an office in Dabaspet itself, where proper arrangements have been made for the employees to work, currently a large operation team is handling all the documentation work there. Singhal said, “The construction of Om Logistics warehouse at Dabaspet was pending since a long time and it was also the need of the hour considering the increasing commercial potential. We see the Dabaspet add-on as a great benefit for the future.”

Emiza, a new-age 3PL startup has established its footprint in the major trade center of MMR by moving into a 70,000 sq.ft. standalone facility at Welspun One Logistics Park’s (WOLP) flagship industrial and logistics campus in Bhiwandi. This facility will seamlessly serve 120+ direct-to-consumer (D2C) and business-to-business (B2B) brands across the broad spectrum of beauty, personal care, cosmetics, fashion, lifestyle, electronics, appliances, home, kitchen, food and nutrition. With this committed 5 years strategic partnership and handover, Emiza will have access to a best-in-class IGBC Platinum pre-certified Grade A logistics park at Bhiwandi. The highly functional premises is energy-efficient, solar-panels enabled and has a zero-discharge facility set as part of its amenities. Further, its strict adherence to global standards, 100% compliance to stringent safety norms, legal and health will help maximize its business efficiency. The campus is a model for today’s green economy with sustainability integrated into its design and development. It focuses on customized utilities which are built-to-suit as per the evolving needs of new-age businesses. Stratigically located in close proximity to Kalyan – off NH3, Mumbai-Nashik highway; in the micro-market between Mankoli & Padgha, the warehousing park is suited for occupiers who intend to serve the 26MM consumption base and is well-connected to Thane and Mumbai via NH3 and Navi Mumbai via NH4 and Thane Belapur road.