25 Jan 2024

Ivanhoe Cambridge and LOGOS, a global real estate firm and logistics specialist, are set to invest a record-breaking Rs 21,100 crore in a logistics park in Chakan, Pune, marking India's largest foreign direct investment (FDI)-driven integrated private industrial and logistics development. LOGOS' fifth project in India, covering over 143 acres, aligns with the Chakan Industrial Estate's 1,000 manufacturing enterprises. The investment reflects confidence in India's industrial landscape, especially in Pune, recognized as a key growth centre. The project, exceeding 3.5 million sq ft, signifies the demand for modern, responsible infrastructure supporting India's manufacturing growth and emphasizes long-term commitment to the sector.Read more

24 Jan 2024

Boeing, the prominent US aircraft manufacturer, has unveiled its cutting-edge warehousing facility, the India Distribution Centre, in Khurja, Uttar Pradesh. Spanning 36,000 square feet and operated in collaboration with DB Schenker, the centre is a key hub among Boeing's global distribution network, focused on shipping spare parts for its commercial clients. This strategic move aims to enhance support for regional aviation customers, optimizing fleet utilization and providing swift responses to emergent spare parts requirements in India. Positioned strategically along the Eastern Freight Corridor, near Delhi and the upcoming Jewar airport, the facility symbolizes Boeing's commitment to efficient customer service and marks a significant advancement in its global logistics strategy.Read more

23 Jan 2024

Pixxel, a spacetech startup supported by Google, has inaugurated Megapixxel, its cutting-edge manufacturing facility in Bengaluru. Spanning 30,000 sq ft with a clean room and testing area, the facility will support the integration and testing of Pixxel's hyperspectral imaging satellites, starting with the Fireflies constellation in 2024. The facility, capable of producing up to 25 satellites simultaneously, positions Pixxel for substantial manufacturing needs over the next two years. The company plans to launch the Fireflies constellation in June and October 2024, with a target of manufacturing 75 satellites annually at full capacity. Pixxel's collaborations span industries like mining, oil and gas, agriculture, and technology, cementing its role in the spacetech sector.Read more

22 Jan 2024

IndoSpace, India's leading industrial real estate developer, signs a Rs 2000 crore Memorandum of Understanding with the Tamil Nadu Government, demonstrating a robust commitment to the state's industrial growth. The agreement, announced at the Tamil Nadu Global Investors Meet 2024, aims to generate 15,000 jobs. With an existing 600-acre land bank and 14 Grade A industrial parks in the region, IndoSpace's investment contributes to the state's economic development. The MoU outlines plans for an additional 5 million sq. ft. of land, reinforcing IndoSpace's pivotal role in Tamil Nadu's industrial landscape.Read more

19 Jan 2024

Hyundai Motor India (HMI) is injecting Rs 7,000 crore into a new manufacturing plant in Talegaon, Pune, signalling a strategic shift beyond Tamil Nadu. This move, Hyundai's first outside Tamil Nadu, aligns with Maharashtra's emerging status as an automotive hub. Mercedes-Benz is doubling its Pune production capacity, underscoring its commitment to India's luxury car market. Maharashtra's automotive landscape gains momentum with major investments in Talegaon and Pune. Mahindra & Mahindra's recent Rs 10,000 crore investment in a Pune-based electric vehicle (EV) manufacturing plant positions the city at the forefront of India's EV shift. Pune's robust supply chain, government support, skilled workforce, and tech focus ensure substantial growth in its automotive sector, shaping India's future mobility.Read more

18 Jan 2024

Yotta Data Services has launched the Yotta G1 Data Centre in GIFT City, Gandhinagar, marking its entry into Gujarat. The state-of-the-art facility, the fifth in Yotta's network, is set within the International Financial Services Center zone, offering over 350 high-density racks and scalable power. G1 uniquely serves as a 'data embassy,' allowing international firms to store data under their home country's laws. This launch follows Yotta's introduction of Shakti and Yntraa Cloud services, strengthening its position as a leading digital transformation and cloud service provider in India.Read more

15 Jan 2024

LogiMAT India 2024, scheduled for February 28 to March 1, 2024, at India Expo Mart in Delhi NCR, is poised to be a transformative event in India's logistics sector. Aligned with the National Logistics Policy and Gati Shakti initiatives, the exhibition will feature industry leaders showcasing cutting-edge technologies and innovations. With the logistics sector contributing significantly to India's GDP and employment, LogiMAT India 2024 is a catalyst for industry transformation, exploring concepts like AGV, AMR, and autonomous vehicles. Supported by key government initiatives, the event provides networking opportunities and recognizes excellence in logistics through the LogiVerse Innovation and Excellence Awards.Read more

12 Jan 2024

CapitaLand Investment Limited (CLI) plans to spend more than USD 750 million in Chennai's real estate over the next five years, with a concentration on business parks, data centers, and logistics. The expansion follows three MoUs inked at the Tamil Nadu Global Investors Meet 2024. CLI's wide portfolio, which includes the International Tech Park Chennai, demonstrates its commitment to India's progress. CLI's strategic efforts, such as the introduction of CapitaLand India Growth Fund 2 and plans for new data centers, demonstrate the company's confidence in Chennai's market potential as well as its overall commitment to innovative and sustainable real estate development.Read more

02 Jan 2024

In 2023, India's industrial and logistics sector experienced significant growth. Absorption increased by 6.7% to 49.4 million sq. ft., predominantly in Tier I cities. Major developers responded with a supply of 62 million sq. ft., focusing on Grade A spaces. The 3PL sector led with 39% absorption, while e-commerce expanded into Tier II & III cities. The manufacturing sector saw notable growth, contributing 27% to absorption. The increased demand for Grade A spaces hinted at the evolving preferences towards ESG standards. Rental values are expected to marginally rise by 2-6% in 2024, marking a transformative year for the industry.Read more

28 Dec 2023

Skechers, the American footwear giant recently inaugurated a massive 600,000 square feet national distribution centre in Mumbai, India, at the Lodha Industrial and Logistics Park in Kalyan. Part of a broader project, this facility is designed to optimize supply chain operations, capable of dispatching 60,000 units daily. The warehouse boasts Free Movement (FM1) super flat flooring, a first in western India, enhancing shipment movement. Meeting IGBC Platinum pre-certification, it aligns with sustainability standards. Skechers executives noted India's status as one of their fastest-growing markets, expressing plans to localize production. The move reinforces Skechers' commitment to growth and sustainability, setting industry benchmarks in India.Read more