WAREHOUSING & LOGISTICS

"Craft a Shorter Title for Description"

As a leading industrial and logistics property developer, what is your wishlist for the government?...

As a leading industrial and logistics property developer, what is your wishlist for the government? Land has been a challenge for developers trying to build a robust warehousing asset portfolio and drive this segment, says Abhijit Malkani, CEO, ESR India. “If land could be aggregated by the government and allotted to developers, it would reduce our turnaround time in establishing these assets.” “ESR has proven capability in developing multi-storey warehousing facilities in the Asia Pacific region and is creating a multi-storey portfolio in key cities in India, however, height restrictions of 21 m limit the buildings to a G+2 structure and reduce efficiency,” continues Malkani. “Single window clearance within three months for all development approvals should be implemented, including change of land use allowing warehousing development; this will facilitate faster deliveries and support the growth of this sector.” What logistics challenges would you want the government to address and why? “Logistics is a fast-paced industry that is inextricably linked to the macro environment,” observes Sushil Rathi, COO, MLL Transportation & Procurement, & CEO, Lords Freight. “The last two years have been especially volatile for the industry, and as a result, several challenges have become more pronounced.” “We seek intervention from government for the poor physical infrastructure leading to the lack of efficiency in ports, one of the biggest industry problems,” says Rathi. “Efficient ports would lead to a reduction in logistics costs, reduction in inventory and thereby better availability of goods and a smooth supply chain.” “The Indian marine trade has been challenged by the container constraint,” continues Rathi. “Sea freight costs have increased by between 300 and 350 percent as a result of the lack of containers, according to the Federation of Indian Export Organisations. Ample containers for ocean carriers would improve the speed of moving imports and exports.” The logistics sector is crucial for balancing both domestic and foreign trade, as well as for maintaining the nation’s economic environment, adds Rathi. “Therefore, the government should actively assist in developing manufacturing bases in India as a substitute for China. What government measures would help boost rail cargo, logistics, cold storage facilities and allied services at various stations? Rail logistics need a better per unit freight over all transit times, says Umesh Bhanot, Regional Head South Asia, APL Logistics. “For this to happen, we need wagons with higher cubic capacity that will reduce the per unit costs. The upcoming Dedicated Freight Corridor (DFC) will have a minimum height availability of 5100 mm from rail level, markedly higher than that over the Indian Railways (IR) network. Making a greater height envelope uniformly available across the IR would enable the seamless movement of high capacity wagons across the entire IR network including the DFC. In addition, the development of storage facilities, especially cold storages at select stations could be done cost effectively. Government initiatives in the rail sector would create opportunities for infra developers to develop freight terminals and sidings, and to design and manufacture railway wagons.”

Next Story
Infrastructure Urban

KEC Secures Rs 12.36 Billion Civil Projects In India

KEC International has announced new orders worth Rs 12.36 billion for civil construction projects in India, further boosting its portfolio in the high-rise residential segment. The contracts involve over 5 million square feet of development for prominent real estate developers in western India.Managing Director and CEO Vimal Kejriwal described the win as a strategic milestone, marking KEC’s growing presence in the premium residential space, with buildings reaching up to G+70 storeys. He noted the orders have significantly bolstered the company’s civil order book, especially within the Buil..

Next Story
Infrastructure Urban

NBCC Wins Rs 2.96 Bn Meerut Redevelopment Contract

Shares in NBCC (India) edged almost three per cent higher after the public‐sector engineering specialist secured a project-management consultancy mandate worth about Rs 2.96 billion from the Meerut Development Authority. The contract covers the redevelopment of several precincts in Meerut, Uttar Pradesh, and forms part of the city’s broader urban upgrade programme.The award follows last week’s Rs 1.73 billion order from UCO Bank to design and deliver a green-rated high-rise headquarters in Kolkata’s New Town, reinforcing NBCC’s growing presence in the institutional building segment.I..

Next Story
Resources

Noesis Enables IHCL Hotel Deal in Udupi–Manipal Corridor

NOESIS Capital Advisors, India’s leading hotel investment advisory firm, has successfully facilitated a landmark hospitality transaction in the Udupi–Manipal region of Karnataka. The deal involves the acquisition of a nearly completed, 130-key upscale hotel that will operate under one of the premium brands of IHCL, reinforcing NOESIS’ position as a preferred partner for strategic hospitality transactions across India. Strategically located on the Udupi–Manipal Highway, the 1.03-acre property will cater to business travellers, pilgrims and families visiting Manipal University. With..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?