Warehousing & Logistics

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Ikea makes Delhi-NCR debut with massive 150,000 sq. ft warehouse

Ikea, the Swedish home furnishing brand, is establishing a 150,000 sq. ft warehouse near Gurugram, its first major venture into the National Capital Region. This move highlights Ikea's dedication to expanding its omni-channel presence in North India, complementing its online platform with physical stores. The warehouse, operational by early next year in Farrukhnagar, will serve as a central hub, fulfilling orders for both online and offline stores. Partnering with logistics leader Rhenus, Ikea aims to leverage its strategic location and efficient operations to meet the surging demand for home furnishing products in Delhi-NCR, setting the stage for a comprehensive expansion strategy in the region by mid-2025....

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Emiza unveils 27th warehouse, expands logistics prowess in India

Emiza, a leading warehousing and last-mile logistics provider, expands its footprint by inaugurating its 27th state-of-the-art facility in Mumbai, spanning 125,000 square feet. This strategic move enhances Emiza's capabilities, enabling it to serve diverse industries with optimized storage, efficient picking processes, and cutting-edge technology. The new warehouse boasts advanced features like long-span shelving, dedicated return processing center, and robust security measures. Emiza aims to leverage this expansion to cater to emerging business models and broaden its services across sectors beyond its existing expertise. With successful funding rounds and strategic partnerships, Emiza fortifies its position as a leading 3PL solutions provider in India....

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Foxconn leases 550,000 square feet of warehouse space in Chennai's Oragadam Industrial Park

Foxconn, a major Apple supplier and one of the largest electronics manufacturers in the world, has leased about 550,000 square feet of warehouse space in Chennai's ESR Industrial Park located in Oragadam. This comes as exports of iPhones from India are rising sharply. The new facility, one of Foxconn's largest in India, will help optimize its supply chain and logistics to support growing export volumes from its Indian operations. ESR Industrial Park spans 100 acres and is a major industrial hub for electronics and automobile companies. The lease underscores Foxconn's commitment to scaling up production in India to meet rising demand for Apple products....

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DP World opens 27,512 sq. ft. warehouse in Loutulim, Goa

DP World has inaugurated a state-of-the-art warehouse in Loutulim, Goa, spanning 27,512 sq. ft., poised to revolutionise the region's logistics landscape, particularly for the chemical and healthcare sectors. Strategically located near Mormugaon Port and Dabolim Airport, the facility ensures efficient transportation, reducing costs and delivery times. With a focus on safety, it features advanced fire protection systems and dedicated personnel to uphold occupational health standards. Tailored for the needs of the chemical and healthcare industries, the warehouse offers customisable storage solutions and advanced warehouse management systems for streamlined operations. As part of DP World's extensive national network, it facilitates seamless connectivity and unlocks new growth opportunities for businesses in Goa....

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HealthKart secures warehouse lease in Gurgaon's Logos Luhari Logistics Estate

HealthKart, a leading online nutrition platform, secures its largest warehouse space yet, leasing 2.25 lakh sqft in Logos Luhari Logistics Estate, Gurgaon, facilitated by Worldyard. The move emphasizes HealthKart's commitment to global operational efficiency and customer satisfaction. Amit Chaudhary, Founder of Worldyard, highlights the significance of this decision. Worldyard, renowned for its seamless leasing solutions nationwide, manages prime office, retail, and warehouse properties. Logos logistics park, strategically located with access to NCR's key areas, supports various industries. HealthKart, founded by Sameer Maheshwari, boasts over 200 brands, 100+ retail stores, and strong e-commerce presence....

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Mahindra Logistics' FY24: Standalone revenue at INR 1,183 crore, net loss of INR 54.7 crore

Mahindra Logistics Ltd. (MLL) recently disclosed its financial results for the quarter and year ending March 31, 2024, indicating a mixed performance. Standalone revenue slightly rose for both periods, while profitability dipped marginally. However, on a consolidated basis, MLL reported net losses for both Q4 FY24 and FY24, despite a modest revenue increase. Positive strides were observed in segments like 3PL supply chain services, with notable growth in the automotive, engineering, and consumer goods sectors. MLL emphasized its commitment to expansion through strategic acquisitions, exemplified by the recent investment in Zip Zap Logistics. While short-term challenges persist, MLL's focus on growth segments and strategic investments bode well for future prospects....

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Industrial and warehousing supply reaches a two-year high of about 7 million square feet in Q1 2024

India's industrial and warehousing sector is witnessing unprecedented growth, driven by a surge in demand reaching nearly 7 million square feet in Q1 2024, the highest in two years. E-commerce, with its rapid expansion, is a primary catalyst, with leasing activity for online retail tripling compared to the previous year. Traditional retailers are also expanding their warehousing needs, reflecting evolving consumer habits. While 3PL companies remain dominant, the rise in demand from sectors like retail and engineering signifies a broader economic upturn. Chennai is emerging as a key market, with leasing activity doubling, underscoring its strategic advantages. However, meeting this demand requires substantial investment in infrastructure and modern warehousing facilities across India's key cities....

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Warehousing sector thrives amid e-commerce boom, attracting over INR 8,000 crore in investment

India's warehousing sector is experiencing a significant boom due to the rapid growth of the e-commerce industry and the increasing demand for efficient logistics services, which are valued at billions of dollars. As India's e-commerce market grows rapidly, consumers expect faster delivery times, driving the need for specialised warehousing solutions. Both domestic and global investors are investing heavily in the sector, with big players like Blackstone and LOGOS planning significant expansions. This investment influx, totaling more than INR 8,000 crore, promises accelerated growth and a wider range of high-quality warehousing options. Modern warehouses, built using standardized construction methods and optimised operational practices, are well-positioned to meet the changing needs of businesses, thereby reshaping India's logistics landscape....

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India emerges as the new land of opportunity for global warehouse developers

Developers are rushing to meet soaring demand for warehouse space in India, driven by economic growth and supply chain diversification away from China. Projects like the Greenbase industrial park, backed by Blackstone, are expanding to accommodate companies shifting base from China. With India's infrastructure improvements and favorable market conditions, developers like Panattoni and Prologis are investing heavily. However, land acquisition complexities pose challenges, with surging prices and ownership disputes delaying projects. Despite hurdles, India's warehouse leasing market is thriving, attracting global players and signaling a significant shift in the country's industrial landscape....

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Tata Motors signs MoU with Tamil Nadu Government to set up automobile manufacturing facility

Tata Motors, India's leading manufacturer of commercial and passenger vehicles, has signed a Memorandum of Understanding with the Government of Tamil Nadu to explore establishing a new vehicle manufacturing facility in the state. The proposed investment of INR 9,000 crore could generate up to 5,000 jobs. If established, it would be Tata Motors' first plant in Tamil Nadu and second in South India. The MoU signing was witnessed by Chief Minister M.K. Stalin and aims to further attract investment to Tamil Nadu's thriving automobile industry centered in Chennai....