Rhenus Warehousing Solutions has deepened its collaboration with Blue Yonder to drive the global standardisation of its IT systems, reinforcing its digital transformation strategy. As a leading warehousing and fulfilment service provider with operations across 180 sites in 20 countries, Rhenus aims to establish a uniform and efficient IT framework to enhance customer experience worldwide. The partnership will see Rhenus implement Blue Yonder Warehouse Management on a global scale. This interoperable and configurable solution is designed to meet specific customer requirements efficiently while optimising resource allocation across different regions. By enabling in-house configuration of warehouse management modules, Rhenus will reduce its dependence on new software developments, ensuring a more agile and cost-effective operation. Ronny Sassen, Chief Executive Officer of Rhenus Warehousing Solutions, highlighted the significance of the collaboration: "With the global expansion of Blue Yonder, we are creating a robust and flexible foundation for the future of our warehouse management. This not only strengthens our competitiveness but also enables us to respond to the individual needs of our customers worldwide." Beyond system implementation, the partnership will also establish a Blue Yonder competence centre, focused on developing preconfigured modules tailored for various industries. This initiative aims to streamline the implementation process, facilitating the global roll-out of Blue Yonder’s warehouse management solutions and enhancing supply chain efficiencies. Markus Sandbrink, Chief Information Officer of the Rhenus Group, emphasised the long-term strategic benefits: "With Blue Yonder, we are building an IT infrastructure that optimises our global business processes while ensuring the security and performance of our systems. By harmonising this infrastructure, we are strengthening cooperation between all our sites and offering our business partners a reliable basis for their core business." Echoing this sentiment, Nafe Hagen, General Manager, Global Logistics Service Provider and Edge Technologies at Blue Yonder, stated: "Expanding our relationship with Rhenus to include warehousing is an important step in jointly developing innovative and scalable supply chain solutions. Our technology will support Rhenus' security and performance needs as they look to deploy our solutions globally." The initial phase of the collaboration has already demonstrated the potential of a standardised and flexible warehouse management solution. As Rhenus continues its global expansion, the strengthened partnership with Blue Yonder underscores its commitment to digital transformation and operational excellence.
Emiza has inaugurated its 27th multi-client fulfilment centre, its 110,000-square-foot facility in Farrukhnagar, Haryana, enhancing its capacity to meet the growing demands of the e-commerce and retail sectors, mainly the Northern India region. This is its fifth warehouse in the Delhi/NCR region. With this, the company expands its total warehousing footprint to over 50 lakh cubic feet across 14 cities and 13 states. Over the last two years, Emiza's warehousing space has grown by 150 percent, indicating that the firm is strategically scaling its operations to meet the changing demands of India's logistics ecosystem," this release states. The Farrukhnagar facility aims to cater to up to 18 lakh D2C orders every month, thereby greatly enhancing Emiza's logistics delivery speed, reliability, and efficiency. Located in a strategic logistics hub, the warehouse facilitates efficient last-mile services and timely order fulfilment for businesses located in the region. The expansion is also expected to create more than 300 jobs, adding to the company's contribution to local employment. Emiza has generated 2,500 jobs across its network so far and is investing Rs 12 crore in the adoption of cutting-edge technology such as robotics, machine learning, and blockchain to increase operational efficiency and enhance customer experiences. Ajay Rao, Founder of Emiza, said, "Our new facility at Farrukhnagar is more than just an expansion; it is a critical step toward strengthening our ability to meet the surging demand from the e-commerce and retail sectors across North India. With cutting-edge technology and the capacity to handle 1.8 lakh orders per month, this facility will be designed to deliver faster, more reliable, and highly efficient logistics solutions to our clients. This facility will also fulfill bulk shipments to quick commerce regional distribution centers (DCs) on behalf of our brands." According to Jitendra Kumar, Co-founder of Emiza: "The new facility is a result of our long-term vision to scale up without compromising on safety or sustainability. With automation-driven processes and related sustainability initiatives, we are offering smarter, more efficient, and eco-friendlier logistics solutions to our partners. The warehouse also presents new opportunities for the communities we serve, driving both operational and local economic growth." The multi-tier long-span shelving racks have more than 17,000 pallet positions with a storage capacity of over 900,000 cubic feet. Equipped with 20 dock levellers, FM2 flooring, and a conveyor system to ease the flow of materials. To ensure high standards of safety, critical systems including hydrants, sprinklers, electrical dock doors, and 24x7 CCTV surveillance are in place
iWare Supplychain Services, a part of the Inter India Group, is accelerating its operations with notable infrastructure expansions to strengthen India’s logistics network. The company recently added a 47,000-sq-ft warehouse in Kutch, Gujarat, to serve its client Adani Wilmar Ltd. Additionally, a new Clearing and Forwarding (C&F) facility is being established in Kota, Rajasthan, to enhance its service reach across northern India. To further support its fleet operations, iWare has launched a state-of-the-art consumer fuel pump and truck workshop on Samakhiyali, Kutch, optimising fuel management and vehicle maintenance. The developments position iWare as significant contributor to India’s logistics modernisation efforts. A cornerstone of iWare logistics operations is its integration with Indian Railways’ BCN (Break Cargo Network) rake logistics services. The company operates over 100 BCN rakes annually, transporting approximately 220,000 metric tonnes of goods each year. This collaboration allows iWare to offer cost-effective solutions for the long-distance movement of bulk goods while reducing road congestion and emissions, supporting the government’s vision for multimodal transportation. To complement its rail operations, iWare extensive road fleet incudes 500 company-owned trucks and access to an additional 10,000 vehicles through partnerships. The company offers flexible transport solutions, such as Full Truck Load (FTL), Half Truck Load (HTL), and containerised options, catering to diverse business needs. In line with India’s push for green logistics, iWare has integrated several eco-friendly initiatives across its operations. These include the use of energy-efficient warehouse systems, optimised transportation routes, and the adoption of CNG-powered trucks. By reducing its carbon footprint, iWare is actively contributing to the logistics sector’s sustainability goals while meeting client demands for environmentally responsible practices. “Our expansions and sustainable practices reflect our commitment to creating a modern, efficient logistics ecosystem in India,” said Mr Krishna Tanwar, Group Promoter and Managing Director of Inter India Group. “We aim to support national goals by aligning our operations with policies that prioritise efficiency, connectivity, and environmental responsibility.” Beyond infrastructure, iWare is addressing regional connectivity gaps by extending its services to Tier II and Tier III cities. This initiative enables small and medium-sized enterprises (SMEs) in underserved regions to access reliable logistics solutions, empowering them to scale operations and compete more effectively in the market. This move supports the government’s objective of fostering inclusive economic development across India. Through strategic investments in infrastructure and technology, iWare is streamlining cargo handling and improving multimodal transport efficiency. These advancements are helping businesses reduce transit times and optimise supply chain costs, meeting the growing demands of a dynamic and competitive logistics sector.
KSH Integrated Logistics has expanded its footprint with the launch of a new 40,000-square-foot multi-client warehouse in Bommasandra, Bangalore. This state-of-the-art facility is designed to cater to the growing demand for Grade A warehousing solutions and to support clients across diverse sectors, including automotive, consumer durables, FMCG, and e-commerce. The Bommasandra warehouse adopts a highly flexible plug-and-play model, enabling clients to easily scale and adjust their operations as needed. It incorporates advanced warehousing systems like pallet-in-pallet-out, pallet-in-box-out, and box-in-piece-out configurations. These systems ensure efficient inventory management, streamlined order fulfillment, and provide value-added services tailored to meet the specific requirements of each client. A key feature of this warehouse is its heavy-duty racking capacity, which is expandable from 2,500 to 5,000 pallets. This flexibility allows for optimised storage solutions and enhances overall operational efficiency, accommodating various types of goods, including large and heavy items. KSH Integrated Logistics has also equipped the facility with a robust Warehouse Management System (WMS) and Transport Management System (TMS). These advanced systems enable real-time tracking and management of inventory and shipments, giving clients full visibility and control over their supply chain processes. By leveraging these technologies, KSH ensures efficient, transparent, and reliable logistics services. This new facility is part of KSH’s broader plan to scale up its warehousing capacity to 2 million square feet by 2026. The Bommasandra warehouse marks a significant step in the company’s expansion strategy, positioning it as a key player in India’s growing logistics landscape while continuing to deliver customised, high-quality solutions that enhance customer satisfaction.
The industrial and warehousing sector in India has experienced remarkable growth in 2024, with a total leasing of 20.2 million sq ft recorded from January to September, according to a report by Colliers India. This figure represents a 17% increase year-on-year, underscoring the sustained momentum in the sector across the country’s top five cities. Notably, the quarterly average space uptake has grown from 5.7 million sq ft in 2021 to 6.7 million sq ft in 2024, highlighting a consistent rise in demand. Among the leading regions, Delhi NCR and Chennai emerged as the frontrunners, collectively accounting for 53% of the total leasing activity during the first nine months of 2024. Third-Party Logistics (3PL) players continued to dominate demand, holding a significant 35% share of the overall leasing. The Engineering and Fast-Moving Consumer Goods (FMCG) sectors also contributed meaningfully to this upward trend. At a micro market level, Bhiwandi in Mumbai recorded the highest activity with 3.7 million sq ft leased in 2024, followed closely by Oragadam in Chennai and Chakan-Talegaon in Pune, both of which saw leasing exceed 2 million sq ft. In the third quarter of 2024 alone, the industrial and warehousing demand reached an impressive 7.3 million sq ft, marking an 18% increase compared to the same period in 2023. Delhi NCR led this surge with 2.3 million sq ft of space leased, primarily driven by significant demand in the Bhaproda and Kulana micro markets. Commenting on this trend, Vijay Ganesh, Managing Director of Industrial & Logistics Services at Colliers India, stated, “On a quarterly basis, Q3 2024 saw an increase in industrial and warehousing demand across the top five cities, indicating a robust recovery in the sector. The large uptake of space in micro markets reflects the growing need for efficient logistics solutions.” The report also revealed that while 3PL players maintained their dominant position with 35% of the leasing share during January to September, the Engineering and FMCG sectors collectively accounted for 32% of the demand. The electronics sector, in particular, witnessed heightened traction, doubling its leasing activity in the first three quarters of 2024 compared to the corresponding period in 2023. The rise of quick commerce (Q-commerce) players has further catalysed the demand for larger hub warehouses in major urban centres, especially in anticipation of the festive season. Vimal Nadar, Senior Director and Head of Research at Colliers India, emphasized the positive outlook for the sector, saying, “Given the healthy demand across major cities and supportive government policies, we anticipate 2024 could close with record leasing activity of around 25 to 30 million sq ft. The improving logistics efficiencies, capacity augmentation, and India's enhanced credibility as a global manufacturing hub will sustain the growth momentum in the industrial and warehousing sector.” In terms of supply, the first three quarters of 2024 saw a significant 29% year-on-year increase, with 21.6 million sq ft of new developments coming online. Delhi NCR again led the pack, contributing 35% of the overall completions with 7.6 million sq ft of new space. Even on a quarterly basis, new supply remained robust in Q3 2024, with around 7.2 million sq ft of completions across the top five cities. Amidst favorable demand-supply dynamics, overall vacancy levels at the end of Q3 2024 remained stable at around 12-13%, indicating a healthy balance in the market. Moreover, large deals (greater than 200,000 sq ft) accounted for approximately 40% of the overall demand during the first nine months of 2024. While the majority of these larger deals were dominated by 3PL players, both the Engineering and FMCG sectors also participated significantly in the larger-sized deals. At the city level, the industrial and warehousing space uptake in Delhi NCR was notably driven by large-sized deals, a marked departure from 2023, where leasing activity was predominantly composed of smaller transactions. In fact, nearly 50% of the deals in the first nine months of 2024 were large-sized in Delhi NCR, illustrating a shift in market dynamics.
CONCOR Multimodal Logistics Park (MMLP) in Kathuwas has signed a leasing agreement with Havells India, a prominent industrial player, for two warehouses covering a total area of 8,565 square meters. The lease will be effective from October 15, 2024, to September 14, 2025. This partnership underscores the growing significance of MMLPs in enhancing logistics efficiency and meeting the warehousing needs of leading industries, supporting the demand for streamlined supply chain solutions across the country.
India’s Grade A warehousing market is on the cusp of a remarkable transformation, with leasing activities projected to surpass 45 million square feet in 2024, according to a joint report by CREDAI and CRE Matrix. The demand for premium warehousing spaces is driven by the burgeoning logistics and industrial sectors, reflecting a robust economic trajectory. In the first half of 2024 alone, approximately 20.3 million square feet were leased, outpacing new supply, which stood at 14.8 million square feet. This dynamic led to a record low vacancy rate of just 8.2%, a clear indicator of the sector's vitality. The majority of this demand is concentrated in key regions such as the Mumbai Metropolitan Region (MMR), Pune, and the National Capital Region (NCR), which collectively account for an impressive 64% of total leasing activity. Mr. Boman Irani, President of CREDAI, commented on the evolving landscape of the Indian property market, emphasising that specialised segments like warehousing are becoming essential components of the economy alongside traditional sectors. As investments in manufacturing ramp up and e-commerce continues to flourish, particularly in tier-I and tier-II cities, the momentum in demand is anticipated to sustain well into the fourth quarter of 2024. Highlighting India’s strategic advantages, Mr. Abhishek Kiran Gupta, Co-founder and CEO of CRE Matrix, noted that manufacturers are increasingly relocating from China or expanding their operations in India, driven by competitive factors such as lower labour costs and technological advancements. The report predicts that the total stock of Grade A warehousing in India could reach around 300 million square feet by the end of 2025. Regional trends show Bengaluru experiencing a significant 25% increase in Grade A supply between the first and second quarters of 2024, while Pune is witnessing exceptionally high demand, accounting for 48% of the total demand in the MMR-Pune region, despite facing a supply crunch. With a demand-to-supply ratio of 2:1 in Pune, there is considerable potential for new developments in the forthcoming quarters.
ECU Worldwide Korea, a joint venture of Allcargo Logistics, has launched a new subsidiary, Allcargo ULS Terminals, to strengthen its warehousing presence in South Korea. This move marks a significant step for Allcargo in expanding its logistics footprint in Asia. In a recent exchange filing, Allcargo Logistics announced the incorporation of Allcargo ULS Terminals, aimed at owning and leasing warehouse spaces in Korea. The acquisition of these warehouses is pending approval from the Busan port authorities, a crucial step for operational commencement. Allcargo will hold a 49% stake in the newly formed entity, highlighting its strategic investment in the Korean market, which aligns with its vision to enhance global supply chain efficiencies. ECU Worldwide, recognised as the leader in Less-than-Container Load (LCL) consolidation, facilitates cargo movement across 180 countries through more than 2,400 direct trade lanes and offers door-to-door delivery services in over 50 markets. The establishment of Allcargo ULS Terminals is expected to bolster ECU Worldwide's position by providing essential warehousing support, thus enabling smoother and more efficient cargo handling operations. The move underscores Allcargo's commitment to expanding its service offerings and creating value for its global clientele, enhancing its role in the global logistics landscape.
Warehouse transactions across eight primary markets in India reached 23 million square feet in the first half of this year, driven by growing demand from the manufacturing sector, according to a report by Knight Frank India. Nearly 55% of these transactions were in ‘Grade A’ spaces, with Mumbai leading the way, accounting for 20% of the total warehousing volume. “Demand from the manufacturing sector has compensated for the lull in e-commerce and helped broad-base the market’s occupier profile,” said Shishir Baijal, Chairman and Managing Director of Knight Frank India. Despite challenges in the availability of viable land for warehousing development, high institutional interest is expected to support the development of high-quality supply, Baijal added. Delhi-NCR was the second most active market, representing 17% of the total warehousing area transacted, driven by third-party logistics and the manufacturing sectors. Pune emerged as the most expensive warehousing rental market, with average rents at Rs 26 per sq ft per month, followed by Kolkata at Rs 23.8 and Mumbai at Rs 23.6. Pune and Chennai saw a 4% increase in rentals, with NCR and Kolkata witnessing a 3% year-on-year growth. “India’s robust fiscal position and resilient economy are well-positioned to sustain and enhance the warehousing market’s stability and growth potential for the remainder of fiscal year 2024,” Baijal noted. The decentralisation of manufacturing capacity has significantly benefited India, with global giants like Apple, Samsung, Foxconn, and TSMC expanding their manufacturing bases in the country.
Singapore-based Elite Partners Capital has acquired Automotive Giant’s global logistics centre in Germany through its flagship Elite Logistics Fund II, a pan-European logistics fund supported by a sovereign wealth fund and a network of family offices across Asia. This acquisition follows Elite's successful divestment of the first installment of its Logistic Fund Series (Elite Logistics Fund I) to Blackstone in 2021, achieving an attractive IRR of over 30 percent. Located within Ettlingen West’s industrial zone, the large-scale multi-user logistics park features extensive transportation infrastructure, including direct access to the A5, A8, and A65 motorways, proximity to the Port of Karlsruhe on the Rhine waterway, and close links to major international airports in Frankfurt and Stuttgart. The site also benefits from local bus services and suburban railway access, ensuring a skilled workforce for the park's warehouses and offices. Spanning 180,000 sqm, the logistics park offers a flexible layout conducive to third-party reuse. Currently, over 85 percent of its net lettable area is leased long-term to an automotive giant as their global logistics hub. Elite Partners Capital plans to collaborate closely with the tenant to enhance the property’s environmental, social, and governance (ESG) specifications, aiming for DGNB Gold Certification. The remaining lettable areas are occupied by diverse engineering firms, supporting regional industrial growth. Victor Song, co-founder and CEO of Elite Partners Capital, emphasised their strategic approach to acquiring quality assets in key European markets amidst stabilising interest rates. The transaction, facilitated by CBRE’s Capital Markets team in Germany, involved advisory support from Taylor Wessing, Alvarez and Marsal, and TA Europe on behalf of Elite Partners Capital. This acquisition underscores Elite Partners Capital's commitment to leveraging strategic opportunities in the European logistics sector, backed by strong financial fundamentals and sustainable growth strategies.
ESR Group has acquired an additional 27 acres of land to expand its existing industrial and logistics park at Oragadam in Chennai. This expansion increases the ESR Oragadam Industrial and Logistics Park to a total of 107 acres, with a development potential of 2.5 million square feet. In a statement released on Monday, the company highlighted its investment of Rs 276 crore (over USD 33 million) as a testament to ESR's commitment to enhancing Tamil Nadu's industrial landscape. ESR Oragadam Industrial & Logistics Park is strategically positioned in the Oragadam-Sriperumbudur cluster, a region experiencing significant demand for Grade A industrial assets. This expansion builds on the success of the park's initial two phases, which have already attracted several high-quality tenants, including electromechanical solutions provider CUBIC, automotive research and development firm A2Mac1, and specialty labelling company CCL. Abhijit Malkani, CEO of ESR India, emphasised the importance of this expansion, stating, "ESR's growth in Oragadam is a pivotal step in our support for Tamil Nadu's ambition to become a major industrial hub. This project goes beyond just constructing Grade A industrial buildings." Malkani elaborated that by upgrading the supply chain with modern infrastructure, ESR Group is enabling a new era of advanced manufacturing and logistics for both customers and communities. "We are creating an ecosystem that prioritises innovation and environmental responsibility. Integrating green building practices and sustainable infrastructure into our design allows businesses to operate efficiently while minimising their environmental impact," he said. This expansion is poised to reinforce Tamil Nadu's position as a burgeoning industrial powerhouse, furthering ESR Group's mission to provide state-of-the-art facilities and sustainable solutions in the logistics and manufacturing sectors.
Maersk has strengthened its foothold in Colombia by inaugurating a state-of-the-art container logistics centre in the Tocancipa industrial zone, located 47 kilometers north of Bogota. This 44,000 sq.m. facility promises to enhance supply chain reliability, reduce additional port and transport costs, and eliminate customer waiting times by ensuring the availability of empty containers, thereby optimising operational efficiency and demand responsiveness. The logistics centre features a 3,378 sq.m. depot, a 23,000 sq.m. container storage area, and a 651 sq.m. refrigerated container storage area with connectivity for 50 containers. It has the capacity to handle up to 1,600 containers and is equipped with a depot management system. Services offered include container unloading and loading, cargo handling, full container storage, and on-site reach stackers. Sustainable practices, such as the reuse of excavated material during construction, along with LED and solar perimeter lighting, underscore Maersk's commitment to environmental responsibility. Additional services at the centre include empty and full container storage, consolidation and deconsolidation, maintenance, repair, preparation, and inspection of containers, as well as the return and movement of containers. This extensive range of services aims to provide customers with greater logistical flexibility. Efrain Osorio, Managing Director for Central America, Andean, and the Caribbean at Maersk, highlighted the innovation and infrastructural excellence of the new centre, stating, "This is an innovative service for the Colombian market due to its level of infrastructure and service, which will allow our customers in the country greater logistical flexibility. Colombia remains a high-growth country with increasing import demand for consumer products, complemented by steady exports of refrigerated fruits and vegetables, food products, textiles, and consumer goods." Maersk continues to invest in expanding its logistics capabilities in the region, combining its ocean services with integrated logistics solutions such as warehousing, logistics centres, depots, and value-added services to support the entire supply chain.
Warehouse transactions across eight primary markets in India reached 23 million square feet in the first half of this year, driven by growing demand from the manufacturing sector, according to a report by Knight Frank India. Nearly 55% of these transactions were in ‘Grade A’ spaces, with Mumbai leading the way, accounting for 20% of the total warehousing volume. “Demand from the manufacturing sector has compensated for the lull in e-commerce and helped broad-base the market’s occupier profile,” said Shishir Baijal, Chairman and Managing Director of Knight Frank India. Despite challenges in the availability of viable land for warehousing development, high institutional interest is expected to support the development of high-quality supply, Baijal added. Delhi-NCR was the second most active market, representing 17% of the total warehousing area transacted, driven by third-party logistics and the manufacturing sectors. Pune emerged as the most expensive warehousing rental market, with average rents at Rs 26 per sq ft per month, followed by Kolkata at Rs 23.8 and Mumbai at Rs 23.6. Pune and Chennai saw a 4% increase in rentals, with NCR and Kolkata witnessing a 3% year-on-year growth. “India’s robust fiscal position and resilient economy are well-positioned to sustain and enhance the warehousing market’s stability and growth potential for the remainder of fiscal year 2024,” Baijal noted. The decentralisation of manufacturing capacity has significantly benefited India, with global giants like Apple, Samsung, Foxconn, and TSMC expanding their manufacturing bases in the country.
Singapore-based Elite Partners Capital has acquired Automotive Giant’s global logistics centre in Germany through its flagship Elite Logistics Fund II, a pan-European logistics fund supported by a sovereign wealth fund and a network of family offices across Asia. This acquisition follows Elite's successful divestment of the first installment of its Logistic Fund Series (Elite Logistics Fund I) to Blackstone in 2021, achieving an attractive IRR of over 30 percent. Located within Ettlingen West’s industrial zone, the large-scale multi-user logistics park features extensive transportation infrastructure, including direct access to the A5, A8, and A65 motorways, proximity to the Port of Karlsruhe on the Rhine waterway, and close links to major international airports in Frankfurt and Stuttgart. The site also benefits from local bus services and suburban railway access, ensuring a skilled workforce for the park's warehouses and offices. Spanning 180,000 sqm, the logistics park offers a flexible layout conducive to third-party reuse. Currently, over 85 percent of its net lettable area is leased long-term to an automotive giant as their global logistics hub. Elite Partners Capital plans to collaborate closely with the tenant to enhance the property’s environmental, social, and governance (ESG) specifications, aiming for DGNB Gold Certification. The remaining lettable areas are occupied by diverse engineering firms, supporting regional industrial growth. Victor Song, co-founder and CEO of Elite Partners Capital, emphasised their strategic approach to acquiring quality assets in key European markets amidst stabilising interest rates. The transaction, facilitated by CBRE’s Capital Markets team in Germany, involved advisory support from Taylor Wessing, Alvarez and Marsal, and TA Europe on behalf of Elite Partners Capital. This acquisition underscores Elite Partners Capital's commitment to leveraging strategic opportunities in the European logistics sector, backed by strong financial fundamentals and sustainable growth strategies.
ESR Group has acquired an additional 27 acres of land to expand its existing industrial and logistics park at Oragadam in Chennai. This expansion increases the ESR Oragadam Industrial and Logistics Park to a total of 107 acres, with a development potential of 2.5 million square feet. In a statement released on Monday, the company highlighted its investment of Rs 276 crore (over USD 33 million) as a testament to ESR's commitment to enhancing Tamil Nadu's industrial landscape. ESR Oragadam Industrial & Logistics Park is strategically positioned in the Oragadam-Sriperumbudur cluster, a region experiencing significant demand for Grade A industrial assets. This expansion builds on the success of the park's initial two phases, which have already attracted several high-quality tenants, including electromechanical solutions provider CUBIC, automotive research and development firm A2Mac1, and specialty labelling company CCL. Abhijit Malkani, CEO of ESR India, emphasised the importance of this expansion, stating, "ESR's growth in Oragadam is a pivotal step in our support for Tamil Nadu's ambition to become a major industrial hub. This project goes beyond just constructing Grade A industrial buildings." Malkani elaborated that by upgrading the supply chain with modern infrastructure, ESR Group is enabling a new era of advanced manufacturing and logistics for both customers and communities. "We are creating an ecosystem that prioritises innovation and environmental responsibility. Integrating green building practices and sustainable infrastructure into our design allows businesses to operate efficiently while minimising their environmental impact," he said. This expansion is poised to reinforce Tamil Nadu's position as a burgeoning industrial powerhouse, furthering ESR Group's mission to provide state-of-the-art facilities and sustainable solutions in the logistics and manufacturing sectors.
Maersk has strengthened its foothold in Colombia by inaugurating a state-of-the-art container logistics centre in the Tocancipa industrial zone, located 47 kilometers north of Bogota. This 44,000 sq.m. facility promises to enhance supply chain reliability, reduce additional port and transport costs, and eliminate customer waiting times by ensuring the availability of empty containers, thereby optimising operational efficiency and demand responsiveness. The logistics centre features a 3,378 sq.m. depot, a 23,000 sq.m. container storage area, and a 651 sq.m. refrigerated container storage area with connectivity for 50 containers. It has the capacity to handle up to 1,600 containers and is equipped with a depot management system. Services offered include container unloading and loading, cargo handling, full container storage, and on-site reach stackers. Sustainable practices, such as the reuse of excavated material during construction, along with LED and solar perimeter lighting, underscore Maersk's commitment to environmental responsibility. Additional services at the centre include empty and full container storage, consolidation and deconsolidation, maintenance, repair, preparation, and inspection of containers, as well as the return and movement of containers. This extensive range of services aims to provide customers with greater logistical flexibility. Efrain Osorio, Managing Director for Central America, Andean, and the Caribbean at Maersk, highlighted the innovation and infrastructural excellence of the new centre, stating, "This is an innovative service for the Colombian market due to its level of infrastructure and service, which will allow our customers in the country greater logistical flexibility. Colombia remains a high-growth country with increasing import demand for consumer products, complemented by steady exports of refrigerated fruits and vegetables, food products, textiles, and consumer goods." Maersk continues to invest in expanding its logistics capabilities in the region, combining its ocean services with integrated logistics solutions such as warehousing, logistics centres, depots, and value-added services to support the entire supply chain.
The year 2021 saw leasing of about 22 million sq feet across warehousing and industrial facilities in the top five cities, steered by robust warehousing demand from the e-commerce segment and strong production growth. Demand for high-quality warehousing space was steered by third-party logistics (3PL) players with a 33 per cent share, followed by e-commerce companies with a share of 29 per cent in total leasing. During the year, Delhi-NCR continues to lead industrial and warehousing demand with a share of 29%, followed by Pune and Mumbai at 21 per cent and 20 per cent each respectively. The majority of the space off-take was for warehouses, followed by industrial sheds. “Robust leasing momentum was witnessed in 2021 irrespective of the fact that the COVID-19 situation continues to evolve. Supply introduction in most markets is witnessing a strong revival in spite of material price escalation continuing to be a challenge. The Grade A absorption across key cities stood at 22 million sq ft with e-commerce and 3PL sectors once again dominating the space uptake. We are witnessing industrial demand pick up across cities such as Chennai, Pune and Delhi-NCR. We are also witnessing active leasing enquiries in emerging tier II markets on account of the need for last-mile delivery for customers, said Shyam Arumugam, Managing Director - Industrial and Logistics Services, Colliers India. “Given the government’s push for the adoption of clean mobility and successful roll out of PLI schemes across key manufacturing sectors we anticipate big momentum in this space which shall contribute to demand for space. In the year 2022, we would continue to see robust leasing, should commit deliveries of space to happen on time from developers.” Total Grade A industrial and warehousing supply during the year rose 8 per cent to 24 million sq feet, led by higher building completions in Delhi-NCR and Chennai. Pan-India Grade A vacancy dropped over six months, standing at 11.5 per cent from 12.2 per cent in June 2021. This was led by lower-than expected new supply, and robust leasing in Grade A properties. “Occupiers are preferring Grade A properties with good eaves height and compliances. Almost 66 per cent of total leasing was witnessed across Grade A industrial and warehousing facilities indicating increased inclination for high-grade structures. In-city warehousing, smaller fulfilment centers are high in demand in top metro cities as delivery timelines become shorter from same-day delivery to a few minutes’ delivery for essentials,” said Vimal Nadar, Senior Director - Research, Colliers India. E-commerce demand share at 29%; grocery e-commerce players taking up spaces E-commerce companies leased 6.6 million sq feet of warehousing space during 2021, accounting for 29 per cent share. The share was led by the large spaces that e-commerce companies typically take up for their fulfilment centers. For instance, during 2021, the average deal size of an e-commerce company was the highest, followed by 3PLs. Interestingly, about 14 per cent of the e-commerce deals were from pure-play grocery/food retailing companies, led by higher demand for online grocery across the country. Such companies are also taking up space for in-city warehousing- closer to demand hubs as they focus on 30-minutes deliveries in large cities. Delhi-NCR continues to be market leader in industrial demand Delhi-NCR led leasing activity with total leasing of 6.5 million sq feet during 2021. Large deals in the city were led by a combination of spaces leased by 3PL players and e-commerce companies. In NCR, NH8 cluster was the most preferred cluster for industrial space during 2021. Pune came in second in terms of leasing and accounted for 21 per cent of the pan-India leasing. Demand here was led by automobile companies, followed by e-commerce companies. This year witnessed several new entrants in the automobile space, who preferred the Chakan-Talegaon cluster for the facilities.
Driven by the mixture of sturdy progress in e-commerce and manufacturing sectors in addition to rising demand in tier I and II Indian cities, industrial and warehousing area absorption is predicted to develop 83% to 47.7 million sq ft in 2021, mentioned property guide Savills India. The 3PL and e-commerce sectors continued to drive warehousing demand accounting for 60% of whole absorption in 2020, adopted by the manufacturing sector at 24%. The rising numbers of corporations in these sectors and the large Indian consumption market have whipped up the funding prospects of India’s warehouse sector. In the 12 months passed by, the commercial and warehousing market witnessed investments in extra of $1 billion. Among the most important cities in India, the National Capital Region (NCR) led with the best absorption in 2020 at 25% adopted by Pune at 15%. Mumbai and Chennai noticed absorption at 13% every whereas Kolkata stood at 12%. The Tier II cities akin to Ludhiana, Lucknow, Coimbatore, Jaipur, Guwahati, Bhubaneswar, Nagpur and Patna witnessed round three million sq ft in 2020. These cities are prone to acquire additional momentum in 2021 with e-commerce and 3PL corporations capitalising on consumption-driven progress and pushing the demand for warehousing area. “Growing demand for cold chain, pharmaceutical warehouses as well as growth in e-commerce and organised retail are likely to drive warehousing demand in 2021. In addition, strong macro-economic fundamentals and government’s policy support in implementation will continue to fuel growth for the entire sub asset class of industrial and logistics,” mentioned Srinivas N, Managing Director, Industrial and Logistics, Savills India. On the availability aspect, Savills India expects a 113% improve in provide to 47.9 million sq ft in 2021. Despite building actions getting affected as a result of lockdown, the top-Eight cities of India witnessed a contemporary provide of 22.four million sq ft final 12 months. NCR accounted for 22% of the entire provide witnessed in 2020 adopted by Chennai at 20%, and Bangalore 12%. The general industrial and warehousing area inventory is predicted to extend by 21% at 278 million sq ft in 2021 as in comparison with 230 mn sq ft final 12 months. Industrial and logistics – changing market dynamicsPre-COVID-19 period 2019Lockdown period 2020Post-lockdown period 2021Supply41mn sq ft22 mn sq ft48 mn sq ftAbsorption36 mn sq ft26 mn sq ft48 mn sq ftStock205 mn sq ft230 mn sq ft278 mn sq ft Warehousing area vacancies have additionally decreased by 170 foundation factors from 10.2% in 2019 to 8.5% in 2020 and rental values remained steady in 2020 throughout the most important cities. “India is emerging as an alternate manufacturing investment destination. Foreign manufacturing companies are planning to shift their manufacturing base to India. This would lead to an increased demand for both ready high spec fitted out and custom-built industrial spaces across India particularly from growing sectors such as FMCG, energy, automobile, electronics, pharmaceutical, medical devices among others,” added Srinivas N. Going ahead, improved specs and robust compliance will set the tempo and result in the expansion of the commercial and allied sectors. Diverse funding alternatives and rising curiosity in creating infrastructure round Integrated Industrial Townships, highways, ports, inland waterways, Inland Container Depots (ICDs), and Free Trade & Warehousing Zones (FTWZs) will enhance the sector. Automation and manpower will steer disruptions within the years forward.
As part of the on-going strategic plan to expand its global footprint, APOC Aviation, the innovative leasing, trading, aircraft component and part-out specialist, has today announced the opening of its first facility outside Europe. The new APOC base in Singapore will hold stock of modern A320 family and B737 components, providing the local market with faster access to their stock of spares inventory. Karim Grinate, Vice President – Component Sales at APOC Aviation commented, “An Asia Pacific base means our stock is in place ready to serve the region as Asian operators get their fleets flying again. We believe that through regional deployment, operating in local languages and within the same time zone, we can deliver the fastest and most efficient service to our customers.” “Singapore is the ideal strategic trading position to allow us to maximise opportunities as they present themselves. But we are also looking closely at developments in China and Hong Kong as we consider another Asian warehouse location. In terms of regulations and the USM market, China in particular is working to match standards with Europe and the US,” added Grinate. “This presents us with a good opportunity to sell our newer aircraft parts across the region. A new US hub is also planned for the first quarter of 2021.” Grinate concluded, “The integration of our own proprietary software is complete, packages of our A320 and B737 spares components are on-site, and our local representatives are ready and waiting – so we can officially say that our Singapore facility is open for business. We invite local airlines and MROs to get in touch to discuss how APOC can support their business goals.”
The Federation of Freight Forwarders’ Associations in India (FFFAI) held its 6th EC Meeting for the term 2021-23 on May 27 and 28 in Bengaluru. The meeting was attended by the Office Bearers and 28 Member Association representative of FFFAI from across the country, there were many issues discussed and updates provided concerning customs, CBLR, EDI, Service Tax/GST, logistics, air cargo, sea cargo, skill development,importance of social media which FFFAI has expanded recently, technology developments, etc. The special focus of the 6th EC meeting was the updates on forthcoming 24th Biennial Convention of FFFAI to be held from August 12 to 14, 2022 in Chennai with the theme LOGISTICS RESHAPE, EMBRACE AND SURGE IN THE DIGITAL ERA. At this EC meeting, FFFAI also implemented Digital Learning platform for members and next generation for e-learning. It has been decided that FFFAI would initiate FIATA eFBL here in India to benefit the trade, which empowers customs brokers, freight forwarders and logistics service providers. In addition, updates on the recently held FIATA HQ Meet was also provided by the concerned members of FFFAI. FFFAI members present at this EC meeting stressed upon enhancing productivity on ICEGATE for trade facilitation and Ease of Doing Business. The FFFAI members also urged for creating a dedicated portal for LSP integration. As regard to skill development initiatives, IIFF’s (training arm of FFFAI) past and forthcoming training programmes (both online and classroom/physical) for the entire logistics industry were presented at the EC meeting. In addition, FFFAI’s various initiatives on capacity building through technology/IT also discussed withadequate importance. Recent activities of FFFAI Women’s Wing including organising interactive meetings with Government of India officials and industry experts were highlighted at this meeting which drew huge appreciation from the members. The members committed to expand the activities of the Women’s Wing in all the 28 member association locations to empower/encourage the women logistics practitioners. At this EC meeting FFFAI has signed an MoU with the National Institute of Industrial Engineering (NITIE) with an objective of skilling the aspiring candidates looking for opportunities in the logistics sector. Notably, a special session was organised at this 6th EC Meeting where N Sivasailam, former Special Secretary (Logistics), Ministry of Commerce, Government of India was present to address the FFFAI members and highlight the recent initiatives of the government in strengthening the logistics infrastructure, thereby leading in increase of international trade through multimodal connectivity and faster cargo clearance. He projected the ambitious growth potential of the logistics industry in India with a strong collaboration between government and industry people. Also speaking on the occasion was Bani Bhattacharya, IRS, who interacted with members of FFFAI on various initiatives of CBIC for the trade facilitation without human intervention. FFFAI Chairman Shankar Shinde thanked all the 28 associations for their support and appreciated the contribution of CBIC/DG systems trade facilitation measures. FFFAI Member Associations are: 1. Ahmedabad Custom Brokers' Association2. Aurangabad Customs House Agents Association3. Association of Custom House Agents Thiruvanthapuram4. Bangalore Custom House Agents Association5. Brihnamumbai Custom Brokers Association6. Calcutta Customs House Agents Association7. Chennai Customs House Agents Association8. Cochin Customs Brokers' Association9. Coimbatore Customs House and Steamer Agents Association10. Custom Brokers Association Hyderabad11. Delhi Customs Brokers Association12. Goa Custom Brokers Association13.Indore Customs House Agents Association14. The Kakinada Customs Brokers Association15. Kandla Custom Brokers Association16. Kanpur Customs Brokers Association17. Ludhiana Customs House Agents Association18. Mangalore Customs House Agents Association19. Mundra Customs Brokers Association20. Nagpur Customs House Agents Association21. Nashik Customs House Agents Association22. Nadia Custom Brokers Association23. Pipavav Custom Brokers Association24. Pune Customs House Agents Association25. Rajasthan Customs House Agents Association26.Tuticorin Custom Brokers Association27.Visakhapatnam Cusotms Brokers' Association28.West Bengal Custom House Agents Society FFFAI welcomes Women in Logistics/Youth in Logistics to participate on FFFAI forums and also invites membership application form logistics service providers in industry as this is a big national and international forum to network.
Ecom Express Limited, India’s sole pure-play B2C e-commerce logistics provider as of the Financial Year 2024, has introduced a new brand identity, underscoring its commitment to customer-centricity. This rebranding reflects a focus on addressing specific customer needs, prioritising customer-facing metrics, and integrating innovative technology across its nationwide express logistics network. The goal is to enhance speed, agility, and network reach, ensuring a customer-focused approach. The rebranding includes a dynamic logo and a refreshed visual identity, symbolising Ecom Express’s pursuit of excellence. The new logo features a forward-moving arrow within a square, representing the company’s dedication to delivery. The letter "E" in the logo stands for Expression, Innovation, and Progress, while the bold magenta colour signifies bravery, self-expression, and strength. This vibrant magenta reintroduction reflects Ecom Express's renewed commitment to customers, partners, and team members, as the company aims to simplify and democratise logistics for all. Ajay Chitkara, CEO and MD of Ecom Express, elaborated on the transformation, stating, “Our refreshed brand identity reaffirms our customer-first approach as we continue to integrate technology and innovation to provide reliable, high-speed services with the widest network reach. This transformation also underscores our commitment to our employees and delivery partners, who are essential to our business.” The new logo embodies Ecom Express’s dedication to its core values, focusing on customer welfare and fostering a diverse, inclusive environment. This rebranding signifies a promise to redefine logistics through advanced technology, making life easier for all types of customers.
ESR India, the largest APAC focused industrial and logistics real estate platform, has inked a Memorandum of Understanding (MoU) with the Government of Tamil Nadu for a potential investment of INR 550 crores. The MOU is signed for the launch of two industrial parks in Kancheepuram and Krishnagiri districts of the state over the next five years. Once fully operational, the two projects have the potential to create over 4,400 jobs in the facility, that shall boost the overall socio-economic growth in the region. The MoU was signed at the Investment Conclave 2021 conference held today. It will facilitate ESR India’s proposed investment at Kancheepuram and Krishnagiri industrial parks by helping in streamlining land acquisition, approvals, clearances, and administrative processes as per existing policies, rules, and regulations of the Government of Tamil Nadu. The policy and regulatory reforms unveiled in recent times has accentuated the entry of international institutional players and has set new benchmarks for industrial developments in the country. Commenting on the development, Abhijit Malkani, CEO and Country Head, ESR India said, “We are delighted to announce our affiliation with the state government. The Government of Tamil Nadu has been very supportive in encouraging industrial developments in the state by creating a favourable business climate for industrial players. The MoU will see ESR invest INR 550 crores to develop industrial parks in Tamil Nadu, offering 1,800 direct and 2,600 indirect job opportunities in the facility.” “Our goals are aligned with the vision of the Tamil Nadu government, to create avenues to increase business and trade inclusion opportunities and employment towards garnering better economic growth in the region,” he further stated. ESR India is currently present across 9 cities and 15 locations with a total GFA of 18 mn sq ft. These state-of-the-art facilities will be developed upholding the best practices for ESG and sustainability.
A significant milestone has been achieved in the Indo-Bangla railway project with the inauguration of the inaugural freight train connecting Bangladesh's Gangasagar to Tripura's Nischintanpur. This momentous event marks a significant step forward in strengthening the rail connectivity between the two neighboring countries. The new railway connection is set to enhance trade and commerce between India and Bangladesh, providing a more efficient and cost-effective mode of transportation for goods. It will not only boost bilateral trade but also promote economic development in the region by opening up new opportunities for businesses and industries. The Indo-Bangla railway project is part of a broader effort to improve connectivity and foster closer ties between the two nations. It is expected to play a vital role in facilitating the movement of goods and passengers, ultimately contributing to the economic growth and prosperity of both countries.
Mahindra World City Jaipur (MWC Jaipur), a joint venture between Mahindra Lifespace Developers Ltd (MLDL) and Rajasthan State Industrial Development and Investment Corporation (RIICO) announced it concluded 26 new lease agreements between April 2021 and June 2022. The new signings included both new customers and expansion of facilities by existing clients, together leasing about 137 acres of land. In the same period, MWC Jaipur and its constituent units' aggregated investments crossed Rs 721 crores, and cumulative exports by MWC Jaipur exceeded Rs 15,930 crores, of which Rs 3,321 crores were in the last 15 months. Over these fifteen months, a total of 69 companies have completed their facility buildout at MWC Jaipur and become operational. The new entrants to MWC Jaipur represent a variety of sectors, like Logistics and Warehousing, IT & ITeS, Engineering, Furniture Manufacturing, Solar Energy, Gems and Jewelry manufacturing. The newly added roster of clients at MWC Jaipur includes Wipro Hydraulics, Shakti Hormann, Renew Photovoltaics, Kerakoll India, Normet, Gulmohar Lane Lifestyle, Manor & Mews, J Atelier Pink City, Kamal Coach Works, Maxop Engineering, amongst others. Rajaram Pai, Chief Business Officer – Industrial, Mahindra Lifespaces said, “MWC Jaipur today is home to prestigious domestic and international manufacturing companies from across the world, who have established a manufacturing base in India for the first time. Enabling business acceleration for customers has always been our focus. We continue to deliver the highest urbanisation standards by leveraging innovation, thoughtful design, and a deep commitment to sustainability. MWC Jaipur contributes towards generating incremental employment and income for the state while creating world-class infrastructure which would serve the nation for many years to come. We are glad to be the enablers of Make-in-India and Make-for-India.” Becoming a preferred destination of choice for over 121 global and domestic companies, MWC Jaipur is enabling business growth for customers by crafting a conducive environment, with robust infrastructure and facilities that propagate ease of doing business. Mahindra World City Jaipur is the first project in Asia to receive Climate Positive Development Stage 2 Certification from the C40 Cities Climate Leadership Group (C40), a global network of large cities taking action to address climate change. With a focus on climate-positive development, MWC Jaipur is continuing its efforts on integrating sustainability within the city. Green, integrated developments is continuously being upgraded to mitigate the impact of business operations on the environment. As of March 31, 2022, a total of 59,955 trees have been planted in government-approved forest areas and rural areas under the Mahindra Group’s flagship program – Hariyali. Around 11,100 trees have been planted within the industrial park.