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.
Sumadhura Group has recently announced a significant development in its logistics operations, revealing that it has leased out 1.8 lakh sq ft of warehousing space to NX Logistics India, which operates under Nippon Express. This transaction is taking place at the Sumadhura Logistics Park located in Bengaluru. The lease agreement, which spans nine years, involves the provision of ready-to-move-in warehousing space. This move is part of Sumadhura Group's broader strategy to address the increasing demand for premium warehousing solutions.
Madhusudhan G, Chairman and Managing Director of Sumadhura Group, elaborated on the context of this lease. He highlighted that there is a noticeable surge in demand for Grade A warehouses across a variety of sectors. This trend reflects a growing market need for top-tier warehousing solutions, especially from large-scale industries. Specifically, he pointed out that the Fast-Moving Consumer Goods (FMCG) sector is a prime example. The FMCG industry, which is currently undergoing rapid expansion, is projected to become a USD 10 billion industry by 2030. This growth underscores the need for high-quality warehousing facilities to support and sustain such large-scale industrial developments.
The company is said to be investing INR 600 crore into the first phase of the Sumadhura Logistics Park. This initial phase covers roughly 100 acres of land and offers a substantial 2.5 million sq ft of commercial warehousing space. Looking ahead, the company has ambitious plans for expansion. In the next phase, it intends to significantly increase the warehousing capacity to a total of six million sq ft. This expansion aims to meet the growing demand for high-quality warehousing solutions and further enhance the logistics infrastructure in the region.
The lease agreement between Sumadhura Group and NX Logistics India marks a significant step in addressing the increasing demand for premium warehousing solutions. With a nine-year commitment and ready-to-move-in facilities, this partnership reflects a strategic response to the growing need for Grade A warehouses, driven particularly by expanding sectors like FMCG. As the FMCG industry is projected to reach USD 10 billion by 2030, investments in high-quality warehousing infrastructure are crucial. Sumadhura Group's initiatives underscore its role in supporting the logistics and supply chain requirements of large-scale industries, fostering growth and efficiency in the sector.
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