Warehouse

Zomato Hyperpure leases over 250k sq ft warehouse in Lodha Industrial Park

The lease agreement is for five years, commencing on February 15, 2025

Speedy Multimodes renews 6-year partnership with Central Warehousing Corp

Multi-modal logistics operator Allcargo Terminals subsidiary Speedy Multimodes has renewed partnership with Central Warehousing Corporation (CWC) Mundra for six years to ensure continued services at its container freight station (CFS). As one of two strategically located facilities operated by Allcargo Terminals in Mundra, the CFS is well-equipped to provide flexible solutions and the required capacity to meet the rapidly growing export-import trade demands at this key port, Allcargo Terminals said. "The renewal of contract with Central Warehousing Corporation ensures that our customers will continue to avail our comprehensive services at our Mundra CFS. In line with the Indian Maritime Vision 2030 which aims to build India's leadership in the global maritime trade, we will continue to offer an effective gateway into India's hinterland to meet the emerging demand," Allcargo Terminals Chief Executive Officer Ashish Chandna said. Spread over 56 acres and well-equipped with 2 lakhs sq

Pristine Value Logistics to set up 165,000 sq ft warehouse area at Bhiwandi

Logistics operator Pristine Value Logistics on Thursday said it has signed a long-term lease agreement with the Antariksh Group for acquiring 165,000 sq ft area at Bhiwandi to commission a warehousing facility. The Grade A built-to-suit multi-client warehouse is expected to be operational by March next year, a company statement said. "We are growing our warehouse capacity to meet the rising demand and to ensure our customers get efficient, customised and scalable solutions. The expansion strategy is in sync with the overall outlook of the group to become an end-to-end logistics and supply chain service provider," said Sanjay Mawar, Director, Pristine Value Logistics and Pristine Logistics & Infraprojects Ltd. The mega warehousing facility adopts a plug-and-play model, allowing clients to scale and adjust operations with ease, the statement added. This expansion will strengthen Pristine Value Logistics' service delivery capabilities to cater to varied customers across industry ...

Amazon under fire in India: Unsafe warehouse, unrealistic targets exposed

A media report based on RTI findings and court records reveals safety lapses, forced break bans, and unrealistic targets at the Amazon's Manesar warehouse, with workers alleging harsh conditions

Welspun One launches Rs 2,700 cr warehousing & industrial park at JNPA SEZ

Integrated fund and development management platform Welspun One on Wednesday announced the launch of the country's largest single-location Grade A warehousing and industrial park at JNPA Special Economic Zone in Navi Mumbai at an investment of Rs 2,700 crore. With an annual throughput capacity of 36,000 TEUs, the facility which is a part of the strategic collaboration between Welspun One and Jawaharlal Nehru Port Authority (JNPA) can accommodate over 400,000 pallet positions along with parking provision for over 600 trucks, Welspun One said in a statement. The 55-acre integrated logistics ecosystem project is not just a logistics hub but a strategic business enabler as it is expected to generate direct and indirect employment for over 5,000 people, strengthening the local economy, it said. JNPA handling around 35 of India's maritime traffic is the largest container port by throughput. Originally envisaged as a 1.2 million sq ft park which entailed an investment of Rs 700 crore, the

Industrial and warehousing leasing up 17% growth in 9 months: Report

The 3PL segment accounted for 35% of the total Grade A space uptake in the first three quarters of CY 2024

Sumadhura Group leases warehousing space to Nippon Express in Bengaluru

Sumadhura has signed a 9-year lease agreement to provide ready-to-move-in warehouse space at its logistics park to global logistics player NX Logistics India

Horizon Industrial Parks to invest Rs 700 cr to redevelop CWC's warehouses

Logistics platform Horizon Industrial Parks, owned and managed by Blackstone Real Estate funds, will invest Rs 700 crore to redevelop warehouses of state-owned CWC in 13 locations. In a statement on Monday, the company said it has been "chosen as the lead partner by the Central Warehousing Corporation (CWC) to manage a portfolio of 13 last-mile logistics assets". The CWC is a public warehouse operator established by the central government under the Ministry of Consumer Affairs, Food & Public Distribution. During the 45 years of partnership, Horizon Industrial Parks will redevelop the government-owned assets into modern Grade-A facilities, tailored to tenants in fast-growing sectors like e-commerce, retail, third-party logistics, and cold chain. "With a development potential of 2.4 million square feet, this is one of the largest last-mile logistics portfolios in India. The investment commitment is expected to be around Rs 700 crore to support the growth of the portfolio," it ...

Macrotech acquires Opexefi Services, One Box Warehouse for nearly Rs 100 cr

Realty firm Macrotech Developers Ltd has acquired a 100 per cent stake in Opexefi Services and One Box Warehouse for nearly Rs 100 crore as part of its strategy to grow the development business of industrial & warehousing parks. Macrotech Developers Ltd, which sells properties under the Lodha brand, has executed Share Purchase Agreements (SPAs) for the acquisition of a 100 per cent stake in Opexefi Services Pvt Ltd (Opexefi) and One Box Warehouse Pvt Ltd (One Box), according to a regulatory filing on Wednesday. Opexefi and One Box will become wholly owned subsidiaries of the company, it added. "This is in pursuance of our planned strategy for calibrated growth in Digital Infrastructure viz. Industrial and Logistics," the company said. Macrotech Developers acquired Opexefi for Rs 46.67 crore. Opexefi, incorporated on December 6, 2018, is in the business of the development of logistics parks and warehouses. The total turnover for the last 3 years is zero as there are no business ...

3PL in Chennai, Delhi-NCR drive industrial & warehousing demand in H1FY24

First half of 2024 has witnessed 13 million sq ft of leasing activity, representing a 17 per cent year-over-year growth with Delhi NCR and Chennai leading the charge, says Colliers report

A $100 bn bet on China's economy sours as warehouses, industrial hubs empty

Logistics hubs that were built in anticipation of a long-lasting boom in e-commerce, manufacturing and food storage are losing tenants, forcing building owners to slash rents

California fines Amazon nearly $6 mn for illegal work quotas at warehouses

California has fined Amazon a total of USD 5.9 million, alleging the e-commerce giant worked warehouse employees so hard that it put their safety at risk, officials said. The two citations issued in May by the California Labor Commissioner's Office said Amazon.com Services LLC ran afoul of the state's Warehouse Quota Law at facilities in Riverside and San Bernardino counties, east of Los Angeles. The law, which took effect in 2022, "requires warehouse employers to provide employees written notice of any quotas they must follow, including the number of tasks they need to perform per hour and any discipline that could come" from not meeting the requirements, the labour commissioner's office said in a statement. Amazon was fined USD 1.2 million at a warehouse in Redlands and USD 4.7 million at another in nearby Moreno Valley. The company said Tuesday that it disagrees with the allegations and has appealed the citations. "The truth is, we don't have fixed quotas. At Amazon, individual

Tamil Nadu among best states in country for economic zone: DP World

Tamil Nadu is one of the best states in the country for an economic zone as the state is one of the most industrialised in India, a senior official of global logistics company DP World has said. DP World has started operations at its largest free trade warehouse zone in India in Chennai. The Chennai facility is the company's second free trade warehouse zone (FTWZ) in India after Mumbai that was established 18 months old. DP World's CEO -- Economic Zones, India Subcontinent and MENA, Ranjit Ray, said Chennai also has strategic advantages since it is connected to South Asia, Africa, Australia via the sea route. "Tamil Nadu is one of the best states in the country for an economic zone. We just started business and now have 15 per cent occupancy in six months," he said. DP World's Chennai economic zone is spread over 6 lakh sq ft with a potential to grow to 2 million sq ft. Tamil Nadu has been one of the most industrialised states in the country for the last 40-50 years, Ray said. D

Ikea gets closer to Delhi-NCR, to set up warehouse facility in Gurugram

Spread over 150,000 square feet, the warehouse facility will be able to store over 7,000 products and aid the group's expansion into Delhi-NCR

Warehouse developers scramble for land in India as firms look beyond China

Prime targets are firms looking to expand manufacturing facilities beyond China as tension with the United States and other countries takes off some of its shine

TVS Supply Chain Solutions expands warehousing footprint in India

The warehousing solutions are equipped with cutting-edge technology systems and top-of-the-line material handling equipments

TVS Supply Chain Solutions inaugurates warehousing facility in TN's Hosur

TVS Supply Chain Solutions Ltd on Thursday inaugurated an ultra-modern multi-client warehousing facility in Hosur, Tamil Nadu, as part of its expansion in the domestic market. The new warehouse offers value-added solutions like automation and data analytics to improve client productivity, the company said. The latest warehouse facility will provide more than 1,200 jobs, of which 300 will be women employees in various roles like kitting and binning, among others, it said. With the addition of this 6.50 lakh square feet of space, the company's total warehousing capacity has increased to 21.85 million sq ft from 21.2 million sq ft of space, TVS Supply Chain Solutions said. Globally, TVS Supply Chain Solutions operates around 300 strategically located warehouses across five continents, covering over 27 million sq ft of warehousing space. "We have strategically positioned our global parts distribution centre in this new facility, which will serve as a hub for our global market," K N ..

Mahindra Logistics to invest Rs 170 crore in warehousing facility in Maha

Mahindra Logistics Limited (MLL) on Tuesday announced the construction of its warehousing facility in Phaltan, near Pune with an investment of Rs 170 crore. Spread over 6.5 lakh square feet (sq ft), the new facility will be developed in two phases. The first phase, comprising 3.5 lakh sq ft, is scheduled to be operational by the end of 2024, the company said in a statement. Mahindra Logistics will manage inbound logistics to manufacturing and distribution solutions of diverse clients in automotive and manufacturing sectors located in the region, the company said. The company and its partners are set to invest Rs 170 crore across multiple phases for the development of the new facility and related infrastructure. "To enhance our capabilities and meet the rising demand, we are expanding our multi-client warehousing network across India. Our latest facility in Phaltan is strategically located to augment the overall business ecosystem for our valued clientele in the region," said ...

Industrial & warehouse leasing demand picks up in Q3, stable at 17 mn sq ft

Chennai led the leasing activity in Q3, accounting for 30% share among India's top five cities

Bengaluru, Delhi among top 10 APAC cities with highest warehouse rent rise

Manila topped the list with a 49.8% rise in warehouse rent, followed by 38.6% in Sydney and 23.8% in Brisbane: Knight Frank