Warehousing & Logistics

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Central Warehousing Corporation secures INR 700 crore investment for infrastructure development

The Central Warehousing Corporation (CWC), a government-owned entity, has launched a significant initiative to upgrade its warehousing infrastructure by utilising 83 acres of land. This project involves a substantial investment of over INR 700 crore from Blackstone's Horizon Industrial Parks, a global private equity firm. The development will span 70 acres across 13 locations, focusing on creating high-quality warehousing facilities. This deal is notable as it represents the first instance of a foreign investment fund directly bidding for a government contract in India. The initiative aims to modernise India's warehousing sector with a long-term vision and a 45-year management model....

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Blackstone to invest INR 700 crore in developing CWC's warehouse assets

The Central Warehousing Corporation (CWC) has entered a 45-year partnership with Horizon Industrial Parks, managed by Blackstone Real Estate funds, to oversee 13 last-mile logistics assets. This collaboration is part of CWC's asset monetisation strategy, which includes developing 2.4 million square feet of warehousing space with an investment of INR 700 crore. The project spans key industrial hubs like the National Capital Region, Chennai, Mumbai, Pune, and Bengaluru. CWC will manage revenue through an escrow account and plans to return the facilities to public sector control after the term, ensuring long-term public ownership and oversight....

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Om Logistics acquires key inland container depot in Haryana for INR 110 crore

Om Logistics has acquired the Inland Container Depot (ICD) Bawal in the state of Haryana for INR 110 crore, marking a significant milestone in its expansion. Located on the Delhi-Mumbai Industrial Corridor within HSIIDC, the 20 acres multimodal hub features two automated rail lines, a 30,000 sq. ft. customs bonded warehouse, and a capacity to handle 5,000 containers of EXIM cargo monthly. With exceptional connectivity to the major ports, airports, highways, and the Western Dedicated Freight Corridor, ICD Bawal will enhance Om Logistics' PAN India operations, reduce transit times, and optimise supply chain management, solidifying its industry leadership....

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Global investors compete for LOGOS India's prime logistics assets

Global investors, including Blackstone Group, Singapore's GIC, and Japan's Mitsui OSK Lines, are competing to acquire LOGOS India's logistics assets, spanning nearly 5 million square feet. These assets, located in key logistics hubs like Chennai and Haryana, have attracted bids ranging from INR 1,650 crore to INR 1,700 crore, reflecting strong demand. The portfolio, with 95% occupancy and generating INR 125 crore annually, is leased to top companies across various industries. LOGOS India, managing 5.5 million square feet, is monetising most of its assets. Government policies and rising demand for modern warehouses are driving strong investments in India's logistics sector....

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IndoSpace to invest INR 580 crore in two logistics parks in Karnataka

IndoSpace, with backing from Everstone Group, will invest over INR 580 crore to develop two logistics parks across 76 acres in Karnataka. This initiative is part of an INR 3,000 crore commitment to the state's warehousing and logistics industry, as agreed in a 2022 MoU with the Karnataka government. The parks, designed to serve industries like automobiles, engineering, and electronics, will add 1.8 million square feet of development potential. IndoSpace aims to enhance Karnataka"s industrial capabilities, with construction starting this year. These investments reflect strong confidence in the logistics sector's growth and its importance to India's economy....

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Rockwool Group to invest INR 550 Crore in new Tamil Nadu factory

Denmark-based Rockwool Group is investing INR 550 crore to establish a new factory in Cheyyar, Tamil Nadu, to enhance its presence in India's growing insulation market. The 50,000 square metre facility will begin operations in the first half of 2026, producing 50,000 tonnes of non-combustible stone wool insulation annually. This expansion will create around 150 jobs and support local economic development. The plant will focus on sustainable practices, including recycling efforts, to align with India's commitment to energy efficiency and environmentally friendly construction solutions. This marks Rockwool's second manufacturing unit in India, following its Gujarat facility....

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Welspun One acquires a 22-acre site along the Gurugram-NH8 corridor

Welspun One, an integrated fund and development management platform, has acquired a 22-acre site along the Gurugram-NH8 corridor, one of India's largest logistics sub-markets. The company plans to invest INR 125 crore to develop a logistics park that is expected to generate employment for 1,200-1,500 people. The transaction was facilitated by JLL, which described the land deal as unique, involving a long-term lease of aggregated land from multiple private landlords. The site's strategic location near existing major logistics parks, complementing the surrounding infrastructure, makes it an attractive proposition for tenants, including leading third-party logistics players, e-commerce giants, and retail players....

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Pune's KSH Infra expands into southern India with INR 450 crore logistics park in Hosur

KSH INFRA, a Pune-based developer of sustainable Industrial and Logistics (I&L) Parks, is investing INR 450 Crores to develop its first I&L Park in Hosur, Tamil Nadu, covering 50 acres with 1.25 million square feet of development potential. The project, near the Karnataka border and Bangalore market, will create over 1,800 jobs and attract industrial and warehousing clients. This expansion marks KSH INFRA's move beyond Pune, where it has already developed 4 million square feet of I&L Parks. The company's strong financial position enables it to pursue further opportunities in Chennai, Bangalore, and Mumbai....

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Ecommerce logistics firms in India shift focus to quick delivery services

Several major Indian logistics companies, including Ecom Express, Shadowfax, and Loadshare Global, are entering the rapid delivery market. This move follows Delhivery's announcement to create a network of dark stores for quick same-city deliveries. While these firms may not match the 10-15 minute delivery times of specialised quick commerce players, they aim to offer swift services, particularly benefiting smaller D2C brands. The trend is driven by growing consumer demand for fast deliveries across various product categories. This shift is reshaping India's ecommerce delivery landscape, with traditional logistics providers adapting to compete with quick commerce startups and meet evolving customer expectations for speedy order fulfilment....

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Flipkart-backed Shadowfax targets INR 8,000 crore valuation in upcoming IPO

Shadowfax Technologies, an e-commerce logistics firm backed by Flipkart, plans to launch an Initial Public Offering worth INR 2,500-3,000 crores, aiming for a valuation of INR 5,000-8,000 crores. Founded in 2015, Shadowfax competes with Delhivery, Ecom Express, and others, delivering 1.5 million orders daily across 2,500 locations. It raised USD 50 million in a Series E round, bringing total funding to USD 230 million. In FY 2022-23, Shadowfax's revenue grew by 43% to INR 1,415 crores, while losses decreased. The IPO market for startups in India is growing, with seven listings this year....