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Warehousing emerging as a big investment frontier on e-commerce boom, manufacturing hopes

Looking at the upbeat demand in the sector, some industry participants believe warehousing REITs will gain also prominence.

January 17, 2023 / 04:31 PM IST
BigBasket has hired at least 5,300 people mostly across its warehouse and delivery teams since February

BigBasket has hired at least 5,300 people mostly across its warehouse and delivery teams since February

As the government gives a push to manufacturing and e-commerce gains popularity, warehousing is emerging as the next big investment opportunity with multiple players foraying or expanding into the sector.

Recently, Welspun One Logistics Parks has leased over 70,000 sq ft standalone warehousing facility to Third Party Logistics (3PL) start-up firm Emiza. Mahindra Logistics, a 3PL and integrated supply chain company, has leased 6,53,000 square feet of warehousing space in Bhiwandi, near Mumbai, for five years.

Adani Logistics, a subsidiary of Adani Ports and Special Economic Zone, will form a joint venture with the DA Group to develop and operate logistics and warehousing parks.

Read here | Warehousing rents in Mumbai, Bengaluru, Delhi-NCR up 7.2% in FY'22: Report