+
Vizag's Warehousing Demand Surges 265 per cent, Driven by Sectors
WAREHOUSING & LOGISTICS

Vizag's Warehousing Demand Surges 265 per cent, Driven by Sectors

The warehousing landscape in Andhra Pradesh is undergoing a significant transformation, with fresh hubs emerging in this sector. According to Knight Frank India's India Warehousing Market Report-2023, Visakhapatnam stands out with an impressive 265 per cent growth in warehousing demand during 2022-23. The retail and manufacturing sectors have been pivotal, contributing 35 per cent and 33 per cent respectively to the demand during FY 2023. The total warehousing space in the city has now surpassed 11 lakh square metres during this period.

The Gajuwaka-Auto Nagar cluster represented 29 per cent of the warehousing transactions in 2022-23, while the Madhurawada cluster accounted for a substantial 71 per cent of the volume. The warehousing transactions in Visakhapatnam surged by 265 per cent year-on-year in FY 2023, following a significant 228 per cent YoY growth in FY 2022.

This expansion was largely propelled by heightened demands from the retail, manufacturing, and e-commerce sectors. The market's volume, which was around 3 lakh square metres in FY 2022, escalated to an impressive 11 lakh square metres in the past fiscal year.

Nikhil Bothra, Director of EPACK Prefab, noted that manufacturing has received a boost through the production-linked incentive schemes under the 'Make in India' initiative, thereby leading to an increased storage demand. He further highlighted the consistent growth of the retail and e-commerce industries, particularly in tier 2 and tier 3 cities, driving the need for swift expansion of warehousing capacities. Pre-engineered structures are being increasingly adopted to accommodate this swift demand rise.

Knight Frank India's report underlines that Visakhapatnam's strategic geographical location has historically positioned it as a trade hub, and modern infrastructure developments have further amplified its trade potential. The upcoming greenfield international airport is expected to provide a considerable boost to connectivity, fostering more growth in the region's warehousing sector.




The warehousing landscape in Andhra Pradesh is undergoing a significant transformation, with fresh hubs emerging in this sector. According to Knight Frank India's India Warehousing Market Report-2023, Visakhapatnam stands out with an impressive 265 per cent growth in warehousing demand during 2022-23. The retail and manufacturing sectors have been pivotal, contributing 35 per cent and 33 per cent respectively to the demand during FY 2023. The total warehousing space in the city has now surpassed 11 lakh square metres during this period.The Gajuwaka-Auto Nagar cluster represented 29 per cent of the warehousing transactions in 2022-23, while the Madhurawada cluster accounted for a substantial 71 per cent of the volume. The warehousing transactions in Visakhapatnam surged by 265 per cent year-on-year in FY 2023, following a significant 228 per cent YoY growth in FY 2022.This expansion was largely propelled by heightened demands from the retail, manufacturing, and e-commerce sectors. The market's volume, which was around 3 lakh square metres in FY 2022, escalated to an impressive 11 lakh square metres in the past fiscal year.Nikhil Bothra, Director of EPACK Prefab, noted that manufacturing has received a boost through the production-linked incentive schemes under the 'Make in India' initiative, thereby leading to an increased storage demand. He further highlighted the consistent growth of the retail and e-commerce industries, particularly in tier 2 and tier 3 cities, driving the need for swift expansion of warehousing capacities. Pre-engineered structures are being increasingly adopted to accommodate this swift demand rise.Knight Frank India's report underlines that Visakhapatnam's strategic geographical location has historically positioned it as a trade hub, and modern infrastructure developments have further amplified its trade potential. The upcoming greenfield international airport is expected to provide a considerable boost to connectivity, fostering more growth in the region's warehousing sector.

Next Story
Infrastructure Urban

BluSmart Faces Insolvency Amid Financial and Governance Troubles

The NCLT appointed NPV Insolvency Professionals as the interim resolution professional (IRP) to take charge of BluSmart’s operations and assets while continuing business as a going concern. The tribunal also ordered full cooperation from the company’s promoters and management until a resolution plan is formulated.Founded by the Jaggi brothers, who also promoted Gensol Engineering, BluSmart’s situation parallels that of Gensol, which the same NCLT bench had admitted into insolvency proceedings earlier in June. Gensol’s fleet of 4,000 vehicles was recently leased across Delhi-NCR and Ben..

Next Story
Infrastructure Transport

DMRC Achieves Tunnel Breakthrough on Golden Line Corridor

Part of the 23.6-km Golden Line, the tunnel breakthrough marks progress on one of the corridor’s 19.3 km of underground sections, which will connect 15 metro stations upon completion.The 91-metre-long TBM completed a 792-metre tunnel stretch designed for up and down train movement. The work is being executed by civil contractor Afcons Infrastructure.Constructed at an average depth of 18 metres, the tunnel features 559 precast concrete rings, each with an internal diameter of 5.8 metres. These segments were manufactured at a mechanised casting yard in Mundka and steam-cured for accelerated st..

Next Story
Infrastructure Transport

MMRDA Deposits Rs 5.60 Bn in Metro Arbitration Case

Following a Supreme Court directive, MMRDA deposited 50 per cent of the Rs 11.69 billion arbitration award in a case related to project cost disputes with MMOPL, which operates Mumbai’s first metro line. The Bombay High Court had earlier asked MMRDA to pay the full award by 15 July 2025.The arbitration award—amounting to Rs 9.92 billion—was granted in August 2023 by a three-member tribunal. MMRDA had contested the order under Section 34 of the Arbitration and Conciliation Act, but the Bombay High Court upheld the award in MMOPL’s favour.The cost of the 12-km Versova–Andheri–Ghatkop..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?