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 Transport

09 Jan 2026

India Becomes First to Produce Bio-Bitumen for Roads

India has become the first country in the world to commercially produce bio-bitumen for use in road construction, according to Road, Transport and Highways Minister Nitin Gadkari. Bitumen, a black and viscous hydrocarbon derived from crude oil, is a key binding material in road building, and the bio-based alternative is expected to significantly improve the sector’s environmental footprint.Addressing the CSIR Technology Transfer Ceremony in New Delhi, Mr Gadkari congratulated Council of Scientific and Industrial Research on achieving the milestone, noting that the initiative would help curb ..

HILT Policy Seen Boosting Telangana Revenue Sharply

The Hyderabad Industrial Land Transformation (HILT) Policy is expected to generate around Rs 1.08 billion in revenue for the Telangana state exchequer, according to Deputy Chief Minister Bhatti Vikramarka Mallu. Speaking in the Telangana Legislative Assembly, he said the policy would be implemented within a six-month timeframe in a transparent manner, with uniform rules applicable to all stakeholders. Mr Vikramarka noted that without the HILT Policy, the state would have earned only about Rs 1.2 million per acre. Under the new framework, however, revenue is projected to rise sharply to Rs 70 ..

India Post, MoRD Tie Up to Boost Rural Inclusion

The Department of Posts and the Ministry of Rural Development have signed a Memorandum of Understanding to accelerate rural transformation and expand financial, digital and logistics services for Self-Help Groups (SHGs) and rural households across India. The agreement was signed in the presence of Union Minister of Communications and Development of North Eastern Region Jyotiraditya M. Scindia and Union Minister of Rural Development and Agriculture and Farmers’ Welfare Shivraj Singh Chouhan. The collaboration aligns with the government’s “Dak Sewa, Jan Sewa” vision and seeks to repositi..