Page 2 - Warehouses In India

Warehousing transaction volumes grew 62% YoY in FY22: Knight Frank

NCR and Mumbai led the market on overall volumes, while Pune and Hyderabad witnessed the highest percentage growth, at 166% and 128%, respectively

Future Supply Chains calls off sale of warehouse assets over approval delay

Company will consider other opportunities for rehabilitation of business ops

Gross leasing of warehousing space in 5 cities up 11% in Jan-Mar

Gross leasing of industrial and warehousing space rose 11 per cent across five major cities to 6.2 million square feet during January-March period

'Commerce Ministry unaware EOUs are not bonded warehouses'

Apparently, the Commerce Ministry is not yet aware of these changes, and so, the SEZ Rules, 2006, remain unchanged.

Govt looks to monetise warehousing assets worth Rs 28,900 cr under NMP

The Centre plans to monetise warehousing assets owned by state-owned firms FCI and CWC over the next four years for an estimated Rs 28,900 crore under the National Monetisation Pipeline (NMP).

Warehouse rent up 1% in NCR; Mumbai sees 8% drop in Jan-Jun 2021

Warehouse rental rose 1.1 per cent in Delhi-NCR, but fell 7.8 per cent and 4.6 per cent, respectively, in Mumbai and Bengaluru during the first six months of this year, according to Knight Frank. The outlook for the next six months is stable in these three cities. The leading global property consultancy on Friday released its Asia Pacific Warehouse Review: H1 2021. The National Capital Region (NCR) witnessed a marginal warehouse rental increase of 1.1 per cent year-on-year (YoY) in H1 2021. Mumbai and Bengaluru witnessed a decline of 7.8 per cent and 4.6 per cent, respectively, Knight Frank said in a statement. "Despite decline, Mumbai remained the most expensive prime warehouse rental market in the country, attracting USD 2.93 per square meter per month," the consultant said. Bengaluru is the second most expensive prime warehousing market in India, recording rental at USD 2.72/ Square meter per month. Rental for prime rental asset class in NCR recorded at USD 2.59/ square meter

Leasing of warehousing space slumps 23% across 8 cities in FY'21

Leasing of warehousing space fell by a maximum of 42 per cent in Ahmedabad and Pune during the last fiscal at 3 million sq ft and 2.8 million sq ft, respectively.

Covid-19 impact: E-commerce drives demand for warehousing in H1

Embassy Industrial Parks (EIP), Stellar Supply Chain Solutions, and TVS Industrial & Logistics Parks, among others, have seen a growth of anything between 30 per cent and 100 per cent in H1CY21.

Investors look to US office space, Indian warehouses amid Covid-19

Thanks to Covid disruptions, office and shopping mall rentals are no longer attractive

How India's grain policies stoked Food Corporation of India's debt binge

In the past decade, FCI's expenses have risen as the guaranteed price for common rice has climbed by 73% and for wheat by 64%

CBIC directs Customs to check safety of explosives in warehouses, ports

The Central Board of Indirect Taxes and Customs (CBIC) said this precautionary step has been taken in view of the recent incident of an explosion in a foreign country caused by such material

Covid-19: Centre asks states to notify warehouses as market yards

Move will help farmers sell goods on e-Nam without bringing their produce to the mandis; major relaxations given to FPOs and facilitating transport

Warehousing sector to add 40 mn sq ft space in 2020 across top 8 cities

In 2019, the total supply of warehousing space was 37.94 million sq ft while the absorption stood at 33 million sq ft.

GKN Aerospace takes 100,000 sq ft on lease from Embassy Industrial Park

GKN Aerospace is the world's leading aerospace supplier with 50 manufacturing locations in 15 countries

Retail boost for logistics, warehousing: Investment rises by $7 bn in 2 yrs

The largest of these is the $3-billion corpus set aside by the National Investment Infrastructure Fund to buy or sponsor a port and logistics-related projects in India through DP World (DPW)

Double whammy: Rains, bleak festive demand to impact warehousing margins

Heavy rains recently brought business to a standstill in Bhiwandi, the warehousing hub that dispatches hundreds of thousands of retail and industrial goods daily to consumers in Mumbai

WDRA, Sebi working on norms to regulate non-agri commodities warehouses

Sebi is co-ordinating with the WRDA to expedite the regulations for warehouses storing non-agri commodities

India's warehousing leasing to touch 20 mn sq ft in 2018, says report

Only 1 per cent of CIOs (chief information officers) indicate any kind of blockchain adoption within their organisations