The Power of Three
Technology

The Power of Three

The warehousing sector has witnessed an upward trend due to a conducive environment, explains RAJESH JAGGI Booming e-commerce, online retail and manufacturing industries have fostered the expeditio...

The warehousing sector has witnessed an upward trend due to a conducive environment, explains RAJESH JAGGI Booming e-commerce, online retail and manufacturing industries have fostered the expeditious growth of the warehousing and logistics sector in India. As the economy evolves, methodical and sophisticated systems are being put together to facilitate the fluid movement of goods as well as their efficient storage. In 2018, we witnessed a 22 per cent year-on-year growth in the total stock of Grade A and B warehousing in the top eight cities at 169 million sq ft, compared to 138 million sq ft in 2017. Absorption too showed unparalleled growth in 2018 – 60 per cent year-on-year growth from 20 million sq ft in 2017 to around 32 million sq ft in 2018. This has led to massive investments in the sector. According to estimates made by JLL, the logistics and warehousing sector in India is expected toattract $10 billion investments over the next five years. Another industry report reveals that private equity (PE) funds have invested in an excess of $1.1 billion in the sector between the first quarter of 201

Next Story
Infrastructure Urban

BEML Acquires Land in Chhattisgarh for New Plant

BEML Limited, a prominent public sector undertaking under the Ministry of Defence and a key player in defence and heavy equipment manufacturing, has unveiled a major expansion initiative with the acquisition of land in Chhattisgarh for a new manufacturing facility.According to a regulatory filing dated 9 May, the Chhattisgarh state cabinet has approved the allotment of 100 acres of land to BEML in the Janjgir-Champa district. The land has been allocated at a token rate of Re 1 per acre, paving the way for the establishment of a modern manufacturing unit focused on Heavy Earth Moving Equipment...

Next Story
Infrastructure Energy

Adani Launches India's First Hydrogen Cargo Truck

The natural resources division of Adani Enterprises has flagged off what it claims to be India’s first hydrogen fuel cell-powered truck, marking a major step toward cleaner and greener transportation in the logistics sector.Launched in Raipur by Chhattisgarh Chief Minister Vishnu Deo Sai, the hydrogen truck will be deployed to transport coal from the Gare Pelma III block to a state-run power plant. The initiative is part of Adani’s broader plan to gradually phase out diesel vehicles across its logistics operations.Developed through collaboration between Adani Natural Resources (ANR) and Ad..

Next Story
Real Estate

Noida to Open HQ and Bhangel Flyover in Two Months

The Noida Authority has announced plans to inaugurate its new administrative headquarters in Sector 96 and the Bhangel Elevated Road within the next two months. Both projects have faced repeated delays and budget overruns over the years.“We have decided to open both projects within the next two months as they are now in the final stages. Staff have been instructed to accelerate the work to meet the revised timeline,” said Lokesh M, Chief Executive Officer of the Noida Authority.The six-lane, 5.5-kilometre Bhangel Elevated Road has been constructed above the Dadri-Surajpur-Chhalera (DSC) ro..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?