19 Sep 2024

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.Read more

16 Sep 2024

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.Read more

13 Sep 2024

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.Read more

12 Sep 2024

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.Read more

10 Sep 2024

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.Read more

05 Sep 2024

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.Read more

04 Sep 2024

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.Read more

30 Aug 2024

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.Read more

29 Aug 2024

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.Read more

28 Aug 2024

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.Read more