The Adani Logistics Park (which has a dedicated railway line for sending automobiles straight to the Mundra Port), SafeExpress, DB Schenker, TVS Supply Chain Logistics, and Chetak Logistics have their warehouses in the region. So does IndoSpace, currently India’s largest warehousing developer—its grade ‘A’ facility here is spread across 38 acres and is leased to logistics company Delhivery, Mi Phones, and Adidas.
Indian warehouses, even a few years back, were mostly godowns—small, cemented buildings with poor lighting or ventilation. With the introduction of the goods and services tax (GST) in 2017, the sector changed dramatically. From small, regional warehouses, set up for tax efficiency, developers started building larger warehouses in hubs that mattered. For instance, Luhari has easy access to the big consumption markets of Delhi and Gurugram. Its proximity to NH-48, or the Delhi-Mumbai highway, gives it additional connectivity to the western part of the country.
Grade ‘A’ are the most advanced—they are bigger and taller; have superior construction quality; efficient material handling space; safety and security systems.
IndoSpace, a joint venture between private equity firm Everstone Group, Singapore-based logistics and real estate investment firm GLP, and industrial real estate company Realterm, has 50 such grade ‘A’ parks in India. They are spread across 57 million sq ft in 10 cities.
While the GST put the warehousing sector on steroids, IndoSpace has been at it for over 15 years now. When the company entered the market in 2007, it was one of the first organized warehousing developers. Over the next decade, it played a pivotal role in shaping the sector. India’s warehousing stock of grade A and B facilities has grown to 330 million sq ft today, from 140 million sq ft in 2017, according to estimates by JLL, a property advisory.
Bu hikaye Mint Mumbai dergisinin May 11, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Mint Mumbai dergisinin May 11, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Hypersonic weapons in the age of A!: Be careful
Indias hypersonic missile marks a leap and updates its nuclear deterrence. But dangers lurk in the global race for these speedy and sneaky weapons, wit/z AI -use posing new risks
How to make Elon Musk's budget-slashing dreams come true
Any serious fiscal policies must go through Congress. That may end up being the key test of DOGE and Trump
BOREDOM: THE INVISIBLE CAUSE OF RISING ATTRITION
They deliver on the job, but many employees are just going through the motions with one eye on the exits
Viksit Bharat needs big plans and coordinated action
Let's transform manufacturing and agriculture, decarbonize the economy and unleash growth led by women
Indonesia will need to tread a fine line after T rump's return
Jez/farms relations with China mustn,t send out the wrong signals
What if Donald Trump keeps his promises on economic policy?
The 2024 US election is one of those rare instances where there is palpable fem that the winner will actually follow through
The Indian state is still to fully unshackle our economy
Economic success needs the state to function as an enlightened referee and be less statist
Let's tackle the harsh realities of mental health at the workplace
Ensure an inclusive work environment with policies of reasonable accommodation and support
How working abroad gives young Indians a wealth edge back home
Working overseas gives them the advantage to earn in stronger currencies and benefit from exchange rates
FALLING MARKETS ARE JUST WHAT YOU NEED: HERE'S WHY
For some of you, a market downturn may be an ideal time for a complete financial reset
