Category Archives: Warehousing

FWS commences construction of 1st multi-level in city warehousing project

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.

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V-Xpress records highest industry growth

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.

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Gross absorption in industrial, warehousing facilities up by 11% YoY

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.

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SPL, LOGOS sign MoU to develop logistics park

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.

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FM Logistic inaugurates first owned Multi-Client Warehouse in India

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.

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Safexpress unveils Logistics Park in Gujarat

Safexpress has launched its ultra-modern Logistics Park in Bhayla of Gujarat. This state of the art facility is strategically located on Ahmedabad-Rajkot NH-47. The facility is enabled with ultra-modern transshipment and 3PL facilities which will boost storage and warehousing needs of this region while providing for faster connectivity. It is spread over an area of 2 lakh square feet. The logistics park is cross-dock, equipped with loading and unloading of 30 vehicles simultaneously. It has a column-less span of 80 feet facilitating uninterrupted movement of goods within the facility. To enable all-weather loading and unloading of goods, the facility is equipped with 16 feet wide Cantilever Shed.

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V-Trans continues environment sustainability drive

V-Trans (India) has undertaken various sustainability initiatives such as green tree plantation, rural life upliftment, and energy conservation. V-Trans (India) that believes in sustainability and CSR is working towards harnessing the power of the sun and determined towards having less polluting vehicles in its fleet. In addition, the firm became the proud owner of the first CNG truck produced by Ashok Leyland. A company statement read, “We are monitoring the Electronic Vehicle segment and are planning to move towards sustainable automobile solutions. We consider sustainable automobile solutions are important in unlocking the potential of Sustainable Logistics which will shape the future of the commercial transportation industry. This will lessen oil dependability, improve financial efficiency, and will protect our environment.”

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V-Trans won “Best Integrated Logistics Service Provider” award at India Cargo Awards

V-Trans (India) Ltd, a preferred single window logistics solution provider won the “Best Integrated Logistics Service Provider” award by India Cargo Awards, India’s topmost Supply chain awards, which helps to create a platform to recognise those behind the success of the cargo and logistics industry on 30th March 2022. Aditya Shah, Executive Director, V-Trans (India) Ltd received the award from Amrit Lal Meena, IAS, Special Secretary (Logistics) – Dept. of Commerce, Gov. of India at Crowne Plaza, New Delhi. V-Trans (India) is a champion of Surface Transport Pan India & in SAARC, V-Xpress is the expert in Door to Door, multimodal express cargo movement and V-Logis provides comprehensive warehousing and end to end integrated logistics.

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Investments in Indian real estate touched USD1.1 bn during Q1 2022

Institutional investments in Indian real estate touched USD1.1 billion during Q1 2022, doubling from the same period last year. The opening up of the economy post the third wave of Covid -19 infections, and an improvement in investors’ sentiment has led to surging investments, compared to the prior quarter. The investment activity during the quarter was driven by some large-sized deals in the office sector and foreign investors, that accounted for about 70 percent of the inflows during the quarter.

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FM Logistic takes handover of logistics facility at WOLP

FM Logistic has expanded its warehousing footprint to service large fulfilment requirements in the Mumbai Metropolitan Region by taking the handover of its 3.7 lakhs sq. ft. facility at Welspun One Logistics Parks’ (WOLP) flagship park in Bhiwandi. The project was delivered as per agreed timelines despite pandemic related lockdowns and disruptions. With this handover, FM Logistic will have access to a Grade A warehousing facility built according to global standards. The project is MIDC-approved and is 100 per cent compliant with statutory building, safety, and fire norms.

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