110-acre warehousing project
Welspun One signs Rs 9-bn MoU with Maharashtra Govt for its 110-acre warehousing project in Bhiwandi. July 2020
According to JLL India Industrial Research, over 20 per cent of warehouse absorption had direct and indirect ecommerce involvements in 2018. And as the Indian ecommerce market is expected to grow to $200 billion by 2026 from $38.5 billion in 2017 (IBEF report), space demand in this sector is likely to stay strong.
Logistics is a major driver of the ecommerce retail industry. The e-commerce retail logistics market in India is estimated at $1.35 billion in 2018 and expected to grow at a 36 per cent CAGR over the next five years (IBEF March 2019 report).