Warehousing & Logistics

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Gujarat: IndoSpace leases a 30,000-square-foot warehouse to Robinsons Global Logistics

PNT Bureau

Robinsons Global Logistics Solutions (RGL) has signed a five-year lease for a 30,000-square-foot Grade-A warehouse with IndoSpace in Bavla, Gujarat, expanding its total warehousing portfolio to over one million square feet across India. Strategically located in an industrial hub with excellent connectivity to key ports and markets, the warehouse will serve sectors such as FMCG, automotive, and e-commerce. RGL CEO Aditya Vazirani highlighted the facility's importance in boosting operational efficiency and sustainability. IndoSpace Vice Chairman Rajesh Jaggi emphasised the partnership's alignment with both companies' goals of delivering high-quality, sustainable logistics infrastructure....

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Kerala launches logistics park network to boost businesses around Vizhinjam Port

PNT Bureau

The Kerala government has initiated plans to develop logistics parks across Vizhinjam and surrounding areas to support the Vizhinjam International Transshipment Port, set to begin operations next month. Spanning 600 acres, the logistics parks will streamline goods transportation via road and proposed rail links. Along with a 629-km coastal highway, these parks are expected to attract private businesses, create jobs, and boost regional economic growth. Public awareness campaigns aim to educate landowners on the benefits of land pooling to minimize opposition during land acquisition....

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Sumadhura Group leases 1.8 lakh sq. ft. to NX Logistics in Bengaluru

PNT Bureau

Sumadhura Group has leased 1.8 lakh sq ft of warehousing space to NX Logistics India (Nippon Express) at its Sumadhura Logistics Park in Bengaluru. The nine-year lease agreement includes ready-to-move-in warehousing facilities. Madhusudhan G, Chairman and Managing Director, highlighted the rising demand for Grade A warehouses across various sectors, emphasising that large-scale industries like FMCG are driving this need. He noted that the FMCG sector is expected to grow into a USD 10 billion industry by 2030, underscoring the importance of high-quality warehousing solutions in supporting this expansion....

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Chaitanya Projects to develop integrated logistics hubs for UPEIDA

PNT Bureau

Chaitanya Projects Consultancy Pvt. Ltd. has been appointed by UPEIDA to oversee the development of Integrated Manufacturing and Logistics Clusters (IMLCs) across 5,490 hectares in Uttar Pradesh. These clusters, located along major expressways, aim to boost infrastructure, attract investment, and create jobs. Chaitanya Projects will manage master planning, technical and financial assessments, and engineering solutions for the project. The IMLCs will feature advanced facilities, robust transport links, and reliable energy, positioning Uttar Pradesh as a competitive industrial hub. The initiative is expected to drive significant economic growth and transform the state's logistical capabilities....

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Indian warehousing sector shows resilience with 8% growth in H1 2024

PNT Bureau

In the first half of 2024, India's warehousing sector had an 8% year-on-year rise in absorption, totalling 16.6 million square feet, despite a 26% reduction from the second half of 2023 due to a 74% decline in the National Capital Region. Mumbai and Pune led demand, accounting for 63% of total absorption, while Chennai saw a 191% increase thanks to a low base effect. Foreign investors drove investments in the sector, which totalled USD 1.6 billion, a 4.5-fold increase from the previous year. Experts foresee more growth as a result of government initiatives targeted at lowering logistical costs and improving infrastructure....

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Central Warehousing Corporation secures INR 700 crore investment for infrastructure development

PNT Bureau

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

PNT Bureau

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

PNT Bureau

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

PNT Bureau

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

PNT Bureau

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....