Industrial and Logistics sector to grow 26% YOY in FY23

02 May 2023 CW Team

According to CBRE South Asia's latest report, leasing activity in the industrial & logistics (I&L) sector increased by 26% year on year (YoY) in the January-March 2023 period to reach 8 million sq ft.

According to the report titled India Market Monitor Q1 2023, supply increased by 28% year on year to 7.6 million square feet during the quarter.

The leasing of over 1.7 million square feet in the March quarter was led by Delhi-NCR, followed by Hyderabad at over 1.5 million square feet and Ahmedabad at more than 1.2 million square feet. The combined leasing share of these three cities was 54%. The collective share of Chennai, Kolkata and Hyderabad in supply addition stood at 59% during the quarter.

According to the report, third-party logistics (3PL) had a 43% share of the leasing market, while e-commerce firms' share increased to 15% during the period. Retail and engineering and manufacturing firms each accounted for 11% of leasing, followed by automobile and ancillary corporates at 8%. Overall, domestic firms accounted for 61% of leasing, while American corporations accounted for approximately 17%.

Also Read
Mauritius to set up dedicated SEZ for Indian Companies
BMC completes 37 per cent of pre-monsoon desilting work

Infrastructure Energy

23 Oct 2025

GAIL to Set Up Bengaluru CBG Plant Under New Concession Pact

GAIL (India) Limited has signed a 20-year concession agreement with the Bengaluru City Municipal Corporation (BBMP) to set up a compressed biogas (CBG) plant in the city. The project, expected to produce around 10 tonnes of CBG daily, will utilise municipal solid waste as feedstock, contributing to clean energy generation and efficient waste management. The CBG produced will be used in GAIL’s City Gas Distribution network to promote cleaner fuel usage. The initiative aligns with the government’s Sustainable Alternative Towards Affordable Transportation (SATAT) scheme and GAIL’s broader ..

Uttarakhand HC Lifts 31-Year Ban on ONGC’s Contractual Hiring

The Uttarakhand High Court has lifted a 31-year-old ban on the Oil and Natural Gas Corporation (ONGC) from hiring contractual workers, a restriction imposed in 1993. The decision enables ONGC’s Dehradun establishment to employ personnel on a contractual basis to meet operational requirements. The long-standing prohibition had limited ONGC’s ability to fill vacancies in its technical and administrative departments, often leading to project delays and higher dependence on outsourcing. With the court’s directive, the public sector enterprise can now proceed with temporary recruitments whil..

JSW Energy’s Utkal Unit Bags 400 MW, 25-Year Power Supply Deal

JSW Energy Limited announced that its subsidiary, JSW Energy (Utkal) Limited, has secured a Letter of Award (LoA) from Karnataka’s Power Company of Karnataka Limited (PCKL) for the supply of 400 MW of electricity for 25 years. The agreement is part of a competitive bidding process for long-term procurement of power to meet the state’s growing energy demand. The 400 MW capacity will be supplied from JSW Energy’s upcoming thermal power project in Odisha. This development strengthens JSW Energy’s presence in the southern market and aligns with its strategy to enhance long-term contracte..