Page 2 - Warehousing Sector

FM Logistic plans to double warehousing capacity in next 3-4 years

CEO Soufiani expects sales to return to pre-Covid levels by March 2021 as 90 per cent of the business has already recovered by December

Addition, absorption of warehousing space rises steeply on quarterly basis

About 3.45 million square feet of warehousing stock was added in tier-1 cities in Q3CY2020

Robinsons Global sets up warehousing facility in Thane for Rs 6.5 cr

This is the first such warehouse of the four such facilities Robinson Global Logistics Solutions (RGL) plans to set up by the first quarter of 2021 in the country, the company said in a release

Warehousing demand may rise as e-comm firms target same-day delivery

The demand is likely to be for warehousing of 5000-10,000 sq ft size, property consultant Colliers International said

Warehousing, industrial space demand to be hit due to Covid-19: Experts

Niranjan Hiranandani, co-founder and managing director of Hiranandani Group, said there are huge development potential in the warehousing, industrial parks and data centre projects

Tier-II, III cities now preferred destinations for warehousing: Experts

To control the spread of deadly coronavirus, the government announced a nationwide lockdown on March 25, restricting movement of people and goods to other cities unless "essential services"

Warehousing industry struggles with reduced staff amid Covid-19 lockdown

The technology-driven logistics company that focuses on truckload (more than 800 km) transportation in India has its truckers waiting at these warehouses to unload essential cargo for over a week now.

Farmers may soon start trading electronic warehousing receipts on e-NAM

The receipt will get the cultivator the best price for his produce. He can also obtain finance against it

Warehousing sector to add 40 mn sq ft space in 2020 across top 8 cities

In 2019, the total supply of warehousing space was 37.94 million sq ft while the absorption stood at 33 million sq ft.

BYD Group's India subsidiary gets into material handling equipment business

The company offers a wide range of MHE products including counterbalance forklifts, reach trucks, electric stackers, BOPT, tow trucks and hand pallet trucks

Warehousing sector gets Rs 25K-cr in investment since 2017; inflows to grow

The industrial and warehousing sector in India has attracted significant investor interest since 2017 led by robust demand from e-commerce and other consumer-led occupiers

Retail boost for logistics, warehousing: Investment rises by $7 bn in 2 yrs

The largest of these is the $3-billion corpus set aside by the National Investment Infrastructure Fund to buy or sponsor a port and logistics-related projects in India through DP World (DPW)

Warehousing space saw investments of Rs 3,500 cr since GST rollout: CBRE

CBRE said demand for warehousing will strengthen and estimated that leasing will be about 10-15 per cent higher this year at 25-30 million sq ft compared to last year

Double whammy: Rains, bleak festive demand to impact warehousing margins

Heavy rains recently brought business to a standstill in Bhiwandi, the warehousing hub that dispatches hundreds of thousands of retail and industrial goods daily to consumers in Mumbai

Warehousing sector to see investment of Rs 430 bn by 2020: JLL India

The consultant attributed the implementation of GST and the rapid growth of e-commerce as two important factors