04 Sep 2024

Global investors, including Blackstone Group, Singapore's GIC, and Japan's Mitsui OSK Lines, are competing to acquire LOGOS India's logistics assets, spanning nearly 5 million square feet. These assets, located in key logistics hubs like Chennai and Haryana, have attracted bids ranging from INR 1,650 crore to INR 1,700 crore, reflecting strong demand. The portfolio, with 95% occupancy and generating INR 125 crore annually, is leased to top companies across various industries. LOGOS India, managing 5.5 million square feet, is monetising most of its assets. Government policies and rising demand for modern warehouses are driving strong investments in India's logistics sector.Read more

30 Aug 2024

IndoSpace, with backing from Everstone Group, will invest over INR 580 crore to develop two logistics parks across 76 acres in Karnataka. This initiative is part of an INR 3,000 crore commitment to the state's warehousing and logistics industry, as agreed in a 2022 MoU with the Karnataka government. The parks, designed to serve industries like automobiles, engineering, and electronics, will add 1.8 million square feet of development potential. IndoSpace aims to enhance Karnataka"s industrial capabilities, with construction starting this year. These investments reflect strong confidence in the logistics sector's growth and its importance to India's economy.Read more

29 Aug 2024

Denmark-based Rockwool Group is investing INR 550 crore to establish a new factory in Cheyyar, Tamil Nadu, to enhance its presence in India's growing insulation market. The 50,000 square metre facility will begin operations in the first half of 2026, producing 50,000 tonnes of non-combustible stone wool insulation annually. This expansion will create around 150 jobs and support local economic development. The plant will focus on sustainable practices, including recycling efforts, to align with India's commitment to energy efficiency and environmentally friendly construction solutions. This marks Rockwool's second manufacturing unit in India, following its Gujarat facility.Read more

28 Aug 2024

Welspun One, an integrated fund and development management platform, has acquired a 22-acre site along the Gurugram-NH8 corridor, one of India's largest logistics sub-markets. The company plans to invest INR 125 crore to develop a logistics park that is expected to generate employment for 1,200-1,500 people. The transaction was facilitated by JLL, which described the land deal as unique, involving a long-term lease of aggregated land from multiple private landlords. The site's strategic location near existing major logistics parks, complementing the surrounding infrastructure, makes it an attractive proposition for tenants, including leading third-party logistics players, e-commerce giants, and retail players.Read more

26 Aug 2024

KSH INFRA, a Pune-based developer of sustainable Industrial and Logistics (I&L) Parks, is investing INR 450 Crores to develop its first I&L Park in Hosur, Tamil Nadu, covering 50 acres with 1.25 million square feet of development potential. The project, near the Karnataka border and Bangalore market, will create over 1,800 jobs and attract industrial and warehousing clients. This expansion marks KSH INFRA's move beyond Pune, where it has already developed 4 million square feet of I&L Parks. The company's strong financial position enables it to pursue further opportunities in Chennai, Bangalore, and Mumbai.Read more

22 Aug 2024

Several major Indian logistics companies, including Ecom Express, Shadowfax, and Loadshare Global, are entering the rapid delivery market. This move follows Delhivery's announcement to create a network of dark stores for quick same-city deliveries. While these firms may not match the 10-15 minute delivery times of specialised quick commerce players, they aim to offer swift services, particularly benefiting smaller D2C brands. The trend is driven by growing consumer demand for fast deliveries across various product categories. This shift is reshaping India's ecommerce delivery landscape, with traditional logistics providers adapting to compete with quick commerce startups and meet evolving customer expectations for speedy order fulfilment.Read more

16 Aug 2024

Shadowfax Technologies, an e-commerce logistics firm backed by Flipkart, plans to launch an Initial Public Offering worth INR 2,500-3,000 crores, aiming for a valuation of INR 5,000-8,000 crores. Founded in 2015, Shadowfax competes with Delhivery, Ecom Express, and others, delivering 1.5 million orders daily across 2,500 locations. It raised USD 50 million in a Series E round, bringing total funding to USD 230 million. In FY 2022-23, Shadowfax's revenue grew by 43% to INR 1,415 crores, while losses decreased. The IPO market for startups in India is growing, with seven listings this year.Read more

12 Aug 2024

In the first half of 2024, India's warehousing sector absorbed 16.6 million square feet, an 8% increase from H1 2023 but down 26% from H2 2023, with NCR seeing a sharp 74% decline. Mumbai and Pune led with 63% of total absorption, while southern cities, especially Chennai, saw significant gains. Investment surged to USD 1.6 billion, 42% of total institutional real estate investment in India, driven by foreign interest and economic recovery. Notable deals include Reliance Retail Ventures' USD 1.5 billion investment and new projects like TVS Industrial's USD 15.6 million logistics park in Goa.Read more

09 Aug 2024

Toyota Kirloskar Motor (TKM) signed a memorandum of understanding (MoU) with Maharashtra's industries department to establish a INR 25,000 crore automobile plant in Chhatrapati Sambhajinagar. Deputy Chief Minister Devendra Fadnavis emphasised that this investment reaffirms Maharashtra as a preferred destination for investors. The plant will create 24,000 jobs, including 8,000 direct positions and 16,000 in ancillary units, boosting the Marathwada region's economy. The facility will produce nearly 4 lakh vehicles annually, starting in three years, and will manufacture both electric and internal combustion engine vehicles.This investment marks TKM's first plant in the Marathwada region.Read more

06 Aug 2024

India's industrial and warehousing sector experienced a 17% surge in leasing activity in the first half of 2024, reaching 13 million square feet (msf), as reported by Colliers India. Chennai and Delhi-NCR led with over 3 msf each, while approximately 7.5 msf of new supply was added in the April-June quarter, marking the highest in two years. The June quarter alone saw a 48% rise in demand, with Delhi-NCR capturing 1.8 msf. Third-party logistics (3PL) providers were the largest occupiers, and large deals above 200,000 sq ft constituted 35% of the demand, highlighting robust sector growth.Read more