Rockwool Group to invest INR 550 Crore in new Tamil Nadu factory
PNT Bureau
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....
Welspun One acquires a 22-acre site along the Gurugram-NH8 corridor
PNT Bureau
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....
Pune's KSH Infra expands into southern India with INR 450 crore logistics park in Hosur
PNT Bureau
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....
Ecommerce logistics firms in India shift focus to quick delivery services
PNT Bureau
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....
Flipkart-backed Shadowfax targets INR 8,000 crore valuation in upcoming IPO
PNT Bureau
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....
Indian warehousing sector sees 8% growth in H1 2024, investment soars to USD 1.6 billion
PNT Bureau
In the first half of 2024, India's warehousing sector absorbed 16.6 million square feet, an 8% increase from H1 2023 but down 26% from H2 2023, with NCR seeing a sharp 74% decline. Mumbai and Pune led with 63% of total absorption, while southern cities, especially Chennai, saw significant gains. Investment surged to USD 1.6 billion, 42% of total institutional real estate investment in India, driven by foreign interest and economic recovery. Notable deals include Reliance Retail Ventures' USD 1.5 billion investment and new projects like TVS Industrial's USD 15.6 million logistics park in Goa....
Toyota establishes INR 25,000 crore plant in Sambhajinagar
PNT Bureau
Toyota Kirloskar Motor (TKM) signed a memorandum of understanding (MoU) with Maharashtra's industries department to establish a INR 25,000 crore automobile plant in Chhatrapati Sambhajinagar. Deputy Chief Minister Devendra Fadnavis emphasised that this investment reaffirms Maharashtra as a preferred destination for investors. The plant will create 24,000 jobs, including 8,000 direct positions and 16,000 in ancillary units, boosting the Marathwada region's economy. The facility will produce nearly 4 lakh vehicles annually, starting in three years, and will manufacture both electric and internal combustion engine vehicles.This investment marks TKM's first plant in the Marathwada region....
Industrial and warehousing leasing in India jumps 17% to 13 MSF in H1 2024
PNT Bureau
India's industrial and warehousing sector experienced a 17% surge in leasing activity in the first half of 2024, reaching 13 million square feet (msf), as reported by Colliers India. Chennai and Delhi-NCR led with over 3 msf each, while approximately 7.5 msf of new supply was added in the April-June quarter, marking the highest in two years. The June quarter alone saw a 48% rise in demand, with Delhi-NCR capturing 1.8 msf. Third-party logistics (3PL) providers were the largest occupiers, and large deals above 200,000 sq ft constituted 35% of the demand, highlighting robust sector growth....
Chennai and Delhi NCR drive industrial and warehousing demand
PNT Bureau
In H1 2024, India's industrial and warehousing sector saw 13 million sq ft of leasing activity, growing 17% YoY. Chennai and Delhi NCR led demand, driven by Third-Party Logistics (3PL) players, who took 36% of space. Chennai's demand doubled, while Delhi NCR saw significant uptake in Farukhnagar and Sonipat. Engineering, FMCG, and electronics sectors also increased space use. Despite rising supply, vacancy rates grew to 12.2%. The sector added 14.4 million sq ft of new space, with 40% in Delhi NCR. Large deals (over 200,000 sq ft) accounted for 35% of demand, mainly from 3PL, electronics, and FMCG sectors....
Sattva Group to develop 5 million sq ft of warehousing space in Karnataka
PNT Bureau
The Sattva Group has acquired 200 acres in Karnataka to develop industrial and warehousing assets. With an initial investment of INR 700 crore, the upcoming facilities in Dabaspet and Narsapura will have a development potential of five million square feet. The company plans to invest INR 12,000-14,000 crore over the next two to three years to diversify and explore new markets. Sattva Group, in partnership with Blackstone, holds 32 million square feet of real estate and is considering a REIT. The firm operates across 11 business verticals, focusing on residential, commercial, data centre warehousing, and hospitality....
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