IndoSpace’s plans to tap the public market comes as warehousing companies, which had explored the InvIT route to monetise assets, are now opting to raise funds through IPOs due to lower investor demand
The Goenka family is currently in talks to liquidate part of its stake, but may fully exit Welspun One based on the direction of the talks, according to sources.
Market diversification to new alternate corridors is expected for the L&I sector in 2025 owing to rising land prices and a steady increase in construction cost. The E&M and retail sectors, along with 3PL operators, remain primary drivers of demand for the L&I space, according to experts.
TVS Industrial and Logistics Parks Pvt Ltd has a portfolio of 7.5 million square feet of warehousing space.
After sustaining for two years post-COVID, transactions in warehousing sector seem to have paused in H1FY2024
India’s growing economy is leading to a boom in the setting up of infrastructure such as logistics parks, warehouses with the latest technology. Investors are pouring money into these assets
For the entire 2023, the industrial and logistics sector is likely to see absorption of over 40 million sq ft, the report said, citing the PLI-backed transformation of manufacturing sector as one of the key reasons behind the surge in demand.
From a policy perspective, we need to move on from strategic storage to even out supplies for the healthy development of the food processing sector. For the fast-growing food processing sector, warehousing helps even out seasonal commodity flows and hence their raw material costs
Investments in warehousing are rising, due to higher demand and rentals are rising. But it's not e-commerce that's driving growth. Will demand sustain given forecasts of an economic slowdown?
The company has already paid a security deposit equal to three months' rent of over ₹2.82 crore to the property owner, RKJ Shakti Logistics Park LLP, the report added.
Tom Persky runs floppydisk.com, a California-based online disk recycling service that takes in new and used disks before sending them onto a reliable customer base - he reckons he sells about 500 disks a day.
The initiative is a part of the company's plan to augment network in tier-II and tier-III cities.
The company is now also looking beyond the major cities for enhancing its warehousing footprint in the second phase of its network expansion as it sees a surge in demand from smaller cities such as Lucknow, Patna and Guwahati, among others.
In its Asia-Pacific Logistics Highlights H1 2022 report, Knight Frank said Mumbai saw an annual growth of 9.3 per cent in prime warehousing rents to Rs 265 per square feet per year in the last fiscal, from Rs 243 per square feet in the previous year.
ESR said in a statement that Sohna is poised to become a strategic warehousing destination.
The over 600-seat capacity engineering centre at Bengaluru is the second such facility of Xpressbees after Pune.
This is a recently constructed operational warehouse and is being acquired from Arshiya Group as part of the forward purchase agreement executed in July 2019.
NCDEX has barred the clients from storing commodities in exchange warehouse or cold storage beyond 90 days of its exchange delivery date.
Amazon.in has launched a new warehouse in Delhi-NCR, its seventh such facility in the region, a move that will help the US-based e-commerce giant deliver products faster during the festive season.
In an interview to CNBC-TV18, AM Sundar of Snowman Logistics spoke about the benefits of goods and services tax (GST) and it should be effective from April 1, 2017.
While rising food inflation driven by pulses has been a never-ending discussion topic in India's macroeconomic policy-making, this time around all hell has broken loose with tur dal prices rising to more than Rs 210
Flipkart said the warehouse has been set up to cater to increased consumer demand from the region and to serve the customers with larger selection of brands and products, enabling quicker deliveries.
The Bangalore-based firm expects 60 percent of this employment to be generated in the logistics and warehousing sector.
The exemption has been given subject to the condition that these warehouses publish the information of stock available with them on a real time basis, the Commission said in a circular.