Category Archives: Warehousing

IndoSpace has expanded its tenant portfolio by onboarding Lind Jensen Machinery (LJM). The hydraulic cylinder manufacturer will set up its first factory in India at Oragadam 2 in Chennai where it will produce hydraulic pitch, lock cylinders, and accumulators for the wind turbine industry. The project has received an investment of €2 million so far, stated a release. The facility, which occupies 50,000 sq. ft. space, may begin trial production by July-end This is LJM’s second facility in Asia, with the first one being operational in China. Rajesh Jaggi, Vice Chairman, Real Estate, Everstone Group said in a statement, “We are delighted to be able to provide an industrial ecosystem facility in Oragadam 2 for LJM to manufacture top of the line parts for the wind energy sector. This will go a long way in meeting India’s needs for sustainable energy, and we look forward to a lasting relationship with them.”

Mahindra Logistics Ltd (MLL) launches warehousing facility in Luhari district of Haryana. The facility comprises three grade-A warehouses, totally 1.4 million sq. ft area to its warehousing capacity. The newly built to Suit (BTS), warehouse is an important part of MLL’s Pan-India network of multi-client facilities that manage the fulfilment and distribution of its clients’ services within the e-commerce and consumer industries. The facility is designed in line with MLLs sustainability standards, including liquid discharge management, renewable energy, waste management requirements and state-of-the-art automation.

Mahindra Logistics is planning to expand its business operations with the opening of its flagship warehousing facility in a single park at Luhari, Delhi – NCR on June 23. The company has added three Grade-A warehouses totalling 1.4 million sq. ft area to its warehousing capacity in Luhari, Haryana. “The new warehouses are part of our pan-India network of multi-client facilities that manage the fulfilment and distribution of its clients’ services within the e-commerce and consumer industries,” said a company statement. The facilities are designed in line with MLL’s sustainability standards, including Liquid Discharge Management, Renewable Energy and, Waste Management requirements.

DB Schenker is all set to commence a warehouse facility in Badli, Haryana. “We are glad to inform that our upcoming facility in Badli, Haryana is almost ready to use with full compliance. The facility spans a total area of over 6,00,000 sq. feet and is close to the Kundli-Manesar-Palwal (KMP) expressway within NCR,” stated a company’s statement.

SEKO Logistics selects e-commerce logistics company, MyFBAPrep, for its service partner, Fulfilment by Amazon (FBA). The deal will include co-branded products and expands SEKO’s offering to include FBA fulfilment services. This partnership gives MyFBAPrep’s client roster of Amazon aggregators access to SEKO’s global fulfilment warehouses and an additional 4 million sq ft of new warehouse space globally. In addition to adding to their US footprint, SEKO brings a network that reaches into Europe, Canada, and the Asia-Pacific regions, said an official release. David Emerson, Senior Vice President of e-commerce at SEKO Logistics, said in a statement, “We are excited to partner with MyFBAPrep as they are a great fit with our overall e-commerce strategy and further our mission of being small enough to care and big enough to scale globally. Through this strategic partnership, we’ll be able to combine our extensive industry insights while leveraging MyFBAPrep’s technology-enabled platform to seamlessly service a new cohort of the largest Amazon aggregators and Amazon sellers that are driving the ecommerce market to record highs. We look forward to expanding our Amazon capabilities with MyFBAPrep.”

Leading warehouse facility provider, FWS has commenced the construction of its first multi-level in city warehousing project. FWS plans to develop three to four more in city projects with an investment of over 300 crores in developing these projects, said an official company statement. Incorporated in 2008, FWS is at the forefront of nation’s development in catering the sustainable business need of warehousing. The company has so far leased 3 million sq. feet of warehouse space across 3 states of India. FWS has presence in all major entry points from the Western and Eastern periphery expressway crossings across the NCR region.

V-Xpress, part of V-Trans (India) Ltd announced acceleration in its growth by 30 per cent. The company owes the success to the newly launched innovative product ‘Box N Ship’ business service which has grown at an increased rate of 40 per cent month-on-month. Mahendra Shah, Group, MD, V-Trans (India) Ltd said, “We are proud to announce our acceleration of V-Xpress by 30 per cent. This growth is one of the key achievements and we aspire to continue achieving such milestones in the future as well. We have launched new products like ‘Box N Ship’, and has further strengthened air business, the focus of leadership team along with strategic efforts of senior colleagues are enabling the fast-paced growth, “Our IT-enabled infrastructure helps us to provide the best services to our customers. We have established a widespread network of branches across India that caters to delivering the needs of growing industries. Our effectiveness and experience in handling and delivering various industry products make us a good choice for all industries,” Shah added.

Activity in Grade A industrial and warehousing facilities continues to be robust during Q1 2022 with gross absorption in the top five cities at 6.2 mn sq feet, an 11 per cent increase from Q1 2021. The demand was led by heightened leasing in Delhi-NCR region and Mumbai. Vacancy across Grade A projects also declined during the quarter, indicating a healthy demand environment in the sector. Overall, the demand was steered by robust warehousing demand from third-party logistics players, amidst strong consumer demand across sectors. About 50 per cent of the gross absorption was led by third-party logistics players, followed by the Engineering and Automobile sectors with a share of 17 per cent and 12 per cent, respectively.

Shriram Properties Limited (SPL) and LOGOS have signed MoU for a potential sale of up to 90 acres of land in Shriram Grand City at Uttarpara, Kolkata, which will be developed into a warehousing and logistics park by LOGOS. The MoU for the proposed transaction was signed at the Global Investor Summit organised by Government of West Bengal at Kolkata and is subjected to necessary due-diligence and certain regulatory and governmental approvals that are customary to similar transactions. SPL is currently developing an integrated township project, ‘Shriram Grand City’ on a 314 acres of land parcel at Uttarpara in Kolkata.

FM Logistic has inaugurated its first owned Multi-Client Facility (MCF) in Farrukhnagar, Haryana. The newly inaugurated MCF is part of the five-year US$ 150 million investment plan the company announced in March 2019. Located on a 31-acre site, the modern facility will provide cutting-edge warehousing and handling, co-packing, distribution, e-commerce, and omni-channel services to cater to the dynamic demands of customers. The construction of this facility was supervised by NG Concept, the real estate sister company of FM Logistic. Jean-Christophe Machet, CEO of FM Logistic; Stéphane Descarpentries, Managing Director-Asia and Strategic Projects Director, and Alexandre-Amine Soufiani, Managing Director, FM Logistic India graced the occasion.