29 May 2024

Transindia Real Estate Limited (TREL), a leading player in the Indian real estate, warehousing and commercial logistics sector, recently announced its financial results for the quarter and full year ended March 2024. The company reported a drop in sales for both the quarter and full year but was able to report a significant rise in net profits due to a divestment of completed warehousing assets that helped boost liquidity and reduce debt. TREL has a robust pipeline of new projects and this enhanced liquidity will facilitate the development of world-class logistics infrastructure across multiple locations.Read more

27 May 2024

Indian logistics startup Porter has become the third unicorn of 2024, valued at over USD 1 billion, amidst a tough funding environment. Uniquely, Porter achieved this through internal investments rather than traditional venture capital. Around 15-20 individuals, including possibly friends, family, or employees, bought shares from the company's ESOP for INR 25 crore (USD 3.03 million). Founded in 2014, Porter focuses on last-mile delivery with light commercial vehicles. Despite a FY23 loss of INR 175 crore (USD 21.1 million), Porter's revenue doubled to INR 1,753.8 crore (USD 212.3 million). This internal funding success offers hope for other Indian startups amid a funding slowdown.Read more

24 May 2024

India leads the Asia-Pacific data centre growth, boasting a capacity of 950 MW, surpassing markets like Australia and Japan. The sector doubled its capacity since the pandemic, with 250 MW added in 2023 and an expected 330 MW in 2024. Mumbai dominates with 50% capacity, followed by Chennai. Emerging cities like Kochi and Jaipur attract development. With over USD 40 billion in investments and Mumbai's strategic location, the industry thrives. As supply surges, tenants gain bargaining power, with demand expected from various sectors. India's data centre sector is set for robust growth, cementing its regional leadership.Read more

23 May 2024

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.Read more

22 May 2024

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.Read more

10 May 2024

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.Read more

09 May 2024

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.Read more

06 May 2024

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.Read more

01 May 2024

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.Read more

25 Apr 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.Read more