Category Archives: Warehousing

Leasing of industrial and warehousing spaces rose by 23 per cent annually in January-March this year to 135 lakh square feet across 19 major tier I, II and III cities of the country on demand from third-party logistics players and manufacturers, according to Savills India. Real estate consultant Savills India on Thursday released the data on demand for industrial and logistics spaces. The year started on an impressive note, with a strong absorption or leasing of 13.5 million (135 lakh) square feet in January-March 2024 compared to 11 million (110 lakh) square feet in the year-ago period. Tier I cities witnessed 78 per cent of the absorption, while tier II and III cities accounted for the remaining 22 per cent. Leasing of industrial and warehousing spaces in Tier I cities increased 25 per cent to 10.5 million (105 lakh square feet) during January-March 2024 from 8.4 (84 lakh square feet) in the year-ago period. Tier II and III cities witnessed a 20 per cent growth to 3 million (30 lakh) square feet from 2.5 million (25 lakh) square feet.

TVS ILP (a part of TVS Mobility Group) launched new state-of-art warehouse in Cuttack, Odisha. The upcoming facility spans 24 acres of land, housing two large warehouses totalling 5 lakh square feet, catering sectors like FMCG, FMCD, 3PL, and e-commerce. With its presence at a strategic location at the confluence of the Mumbai and Chennai-Kolkata highways (off NH 55), it enjoys excellent connectivity to the Paradip port and the major parts of the country. TVS ILP will invest around ₹125 Crore in the project and it anticipates its completion by the end of December 2024. The Cuttack logistics park is expected to generate over 110 direct jobs and between 500 to 1,000 indirect employment opportunities in the region. Additionally, as part of TVS ILP’s commitment to sustainability, the logistics park will incorporate green building principles, focusing on energy efficiency, water conservation, and the use of sustainable materials. Plans are underway to certify the park with the Edge Advanced Green Building certification issued by the International Finance Corporation. Commenting on the development, Mr. Manikandan Ramachandran, COO, TVS ILP, said, “The Choudwar Industrial Estate has immense growth potential, and our new facility aims to enable businesses to efficiently cater to the rapidly growing demand from the eastern part of the country. We look forward to contributing to the region’s prosperity by creating meaningful employment opportunities for the local community while building seamless connectivity across various trade points. This facility is a step further in our commitment to build industrial parks every 400 km in India. As the first player to explore the market, we desire to remain steadfast in our aggressive expansion plans into the Eastern markets.”

Construction work on the State’s first multi-modal logistics park began recently in Tiruvallur district. It is being built at a cost of ₹1,500 crore on 181 acres of land. The work is being carried out in build operate transfer (BOT) mode and the first phase, during which road connectivity would be provided, will be completed in two years. “We already have a four-lane wide road, which is the State Highway. It will get some upgrades, including a flyover, and will be connected to the Chennai Peripheral Ring Road,” said officials of the National Highways Authority of India (NHAI) implementing the project. Apart from road connectivity, the park will also get rail connectivity. “We have begun acquiring lands for laying the 10-km-long railway line to connect it with the Kadambathur railway station,” the officials said. The park is being built on an all-open, dry land with no structures. The rail connectivity work will take at least four years to complete. The park, which is coming up as part of the PM Gati Shakti National Master Plan, the objective of which is to offer smooth intermodal freight movement, will have facilities that include automated warehouses, cold storage and customs facilities, cargo terminals, and truck terminals. Various commodities, including textile, apparel, grain, electronics, consumer goods, and automobiles and automobile components may be handled at the logistics park. Over a period of 45 years, this facility is expected to cater to a cargo volume of 7.17 million tonnes.

In a significant development for India’s logistics sector, GR Logistics Park (Indore) Private Limited (GRIP), a subsidiary of G R Infraprojects Ltd. (GRIL), and PSA Ameya (PSA), a subsidiary of PSA India, have formalised an agreement to establish an Inland Container Depot (ICD) at the Multimodal Logistics Park (MMLP) in Indore. This collaboration comes after GRIP secured the MMLP project and subsequently signed a 45-year concession agreement with National Highways Logistics Management Limited (NHLML), a wholly owned subsidiary of the National Highways Authority of India (NHAI). The MMLP in Indore will provide warehousing, an ICD, a domestic container terminal and a private freight terminal, among other facilities. Under the terms of the partnership with PSA, GRIL will oversee the development of the entire MMLP facility, while PSA will manage the containerised rail operations. Leveraging PSA’s leadership in container port operations and its presence at Nhava Sheva Port (Navi Mumbai), the collaboration aims to provide doorstep delivery of logistics services to industries in the region. This partnership, PSA’s first venture into the operation of a rail ICD in India, not only marks a significant milestone in the development of the MMLP Indore project, but also signifies the potential for long-term collaboration between the partners on future projects.

I believe 70-75 % of generic drugs today are exported to Europe and USA from India. Our pharma industry is doing a fantastic job and getting regular FDA nods from the US Drug administrators, affirms Tushar Jani, Group Chairman, CSC. Go to any pharmacy abroad, you will find Indian generic drugs. The important factor is this development enables us to build cross border pharma e-commerce capabilities out of India, says Tushar Jani, Group Chairman, CSC. He adds, “If we develop the capability of providing pharma e-commerce services, the world will recognize us, and that is what is needed. Domestic pharma industry would benefit greatly from this vision. We must develop our skills for product delivery to Europe and the USA in a controlled manner.”

Beyond SqFeet Supply Chain Solutions has started construction of its new state-of-the-art storage facility at Tharu Road, Gurgaon, Haryana. “This is Phase 1 development of our North India footprint. The facility will provide efficient storage solutions and it will facilitate B2B and B2C fulfilment for our customers. The facility is ESG Compliant with ultra-modern amenities,” said an official LinkedIn Post. “With large scale infrastructure projects under construction, such as Delhi – Mumbai Industrial Corridor, Dedicated Freight Corridor, NCR remains as the strong consumption centre in India, we are looking to expand quickly in North and up-North geographies,” said Pratap Hazra, Director, Beyond SqFeet Supply Chain Solutions in a LinkedIn post.

Container Corporation of India (CONCOR) has signed MoU with Central Warehousing Corporation (CWC) for driving innovation and efficiency in the logistics. The partnership aims to leverage the respective strengths of CONCOR and CWC to optimize supply chain management, enhance customer service, and foster growth in the industry. The collaboration will encompass sharing infrastructure, technology, expertise, and resources to achieve common objectives to offer seamless and cost-effective, end to-end logistics service including First Mile Last Mile solution by offering to its stakeholders the best logistics solutions with an overall purpose to reduce the logistics cost of the nation. CONCOR operates 59 terminals across the country along with two strategic tie-ups. The company’s primary operation is to provide inland transportation of containers from ports using rail wagons. The company also manages cold storage chains and warehouses. The logistics solution providers consolidated net profit rose 12.42% to Rs 330.74 crore on 10.28% increase in revenue from operation to Rs 2,210.57 crore in Q3 FY24 over Q3 FY23.

Revent Precision Engineering, in collaboration with ECS Mobility, announces the establishment of a new state-of-the-art manufacturing facility in Dharuhera, Haryana. The manufacturing facility is equipped with cutting-edge technology and maintains the highest standards, ensuring that the processes meet the quality benchmarks demanded by the market. This marks a significant step in the roadmap to expanding product offerings in the existing automotive segment. Revent Group companies have a presence in domestic and export markets with 13 manufacturing plants across India, creating over 1500 jobs in the coming 10 years. This facility will manufacture ring gears on flex plates, flywheels, and independent ring gears, with a production capacity of over 5,00,000 units in the initial years, and the company will be scaling up the manufacturing unit in the coming years. As these products are in synergy with the existing product line and line of business, it will allow the company to expand its part portfolio in the auto component industry. Revent has been offering diversified one-stop solutions in Ferrous and non-ferrous Castings, Forgings and allied Machining processes, serving a diversified customer base in Passenger and Commercial vehicles, Construction Equipment, Farm Equipment, Two Wheelers and Three Wheelers and other non-automotive sectors like Railways. Speaking on this partnership, Mr. Prakash Khose, MD & Group CEO, of Revent Precision Engineering, said, “We are delighted to introduce the state-of-the-art manufacturing facility in partnership with ECS Mobility. It is a momentous step towards our commitment to serving a diverse customer base. This strategic alliance will help us expand into the auto component industry and add new clients to our portfolio. We are committed to maintaining the highest standards of manufacturing processes to meet the quality benchmarks.” The …

DHL Express has opened its first automatic shipment sorting hub in New Delhi, India. In 2003, DHL Express opened India’s first ever air-side Express Facility and connected India to the global network with its first dedicated international freighter. This pioneering move led the way for Indian businesses to experience seamless express connections to global markets. In 2017, DHL Express expanded its air-side operations with a new Export Express Terminal to expand EXIM capacity and streamline processes, to support the growing exports trade out of North India. With the current expansion, the total DHL Express Delhi Gateway capacity will grow by nearly 6 times since its inception two decades ago. This new shipment sorting hub spread over 34256 Sq Ft houses the automatic sorting machines with capacity to sort 2000 pieces per hour delivering a 30% improvement in productivity. The 18 sorting chutes, 11 truck docks, and 8 telescopic conveyors help in processing the inbound shipments faster and in turn improve transit times for customers. This is the first auto sort machine to be deployed for any international express processing in India, streamlining processes and delivering better service quality for our customers. The facility also stages outbound export shipments, thereby freeing up space at the existing Export Facility which can then be used for enhancing transit times and service quality for customers. The new shipment sorting hub is LEED gold certified and uses Green Guard certified furniture, energy-efficient air conditioning and lighting systems, while incorporating 20% recycled materials in its interiors. At the inauguration, John Pearson, CEO, DHL Express said, “For over 40 years, at DHL Express we have been committed to providing Indian businesses with a world-class logistics experience. We …

IndoSpace announced the launch of its first in city warehousing facility in Chembur, under the brand name INLOGIS, a cutting-edge in-city warehousing solution in the heart of Mumbai. The facility spans over 1.5 lakhs+ sq. ft offers scalability options ranging from 5000 to 35,000 sq. ft, enhancing urban logistics across several sectors. Strategically located in Chembur, it provides seamless connectivity to South Mumbai, Western Suburbs, Eastern Suburbs, and Navi Mumbai, thus serving over 50% of Mumbai’s population and meeting the growing demand for quick and efficient urban distribution services. It is well connected to major transport routes like the Mumbai Trans Harbour Link (MTHL), Mumbai-Pune Expressway, JNPT Port, Easter Freeway, Eastern Expressway, Airports including the upcoming Navi Mumbai International Airport. Customers in the city increasingly prioritise speed, often preferring to pay more for quicker delivery services. INLOGIS Chembur is poised to transform the logistics industry by utilising vertical space development and maximising Mumbai’s urban landscape’s potential for efficient and last mile warehousing solutions. INLOGIS Chembur has also installed highly efficient cargo elevators and docking stations designed for rapid servicing, resulting in improved dispatch lead times. INLOGIS Chembur targets pivotal sectors such as 3PL, eCommerce, retail, and consumer durables. In response to the growing demand for quick urban delivery, INLOGIS Chembur is set to become a crucial part of the urban warehousing infrastructure. Rajesh Jaggi, Vice Chairman – Real Estate, The Everstone Group, highlights that the focus on urban warehousing is a strategic response to the needs of metropolitan consumers and businesses. INLOGIS Chembur is expected to set new benchmarks in the industry and pave the way for rapid economic growth. IndoSpace’s latest offering is a step towards creating a seamless …