CARGOCONNECT JULY2024 - Flipbook - Page 28
COVERSTORY
WAREHOUSING ADVANCES
昀椀rms, driven by the increasing number of
e-commerce hubs across India. To meet these
demands, we strategically position our facilities closer to end-users, ensuring e昀케cient
and timely turnaround,” informs Aggarwal.
“This approach aligns with our commitment
to maintaining a well-diversi昀椀ed client mix
including 3PL, fostering a holistic ecosystem
that bene昀椀ts all stakeholders involved.”
“For over two decades, we have catered to
the needs of 3PL players and have supported
the e-commerce sector for nearly a decade. Our
extensive experience and dedication to providing top-tier infrastructure have established
us as a trusted partner in the industry,” he
asserts, adding that this has positioned TVS
ILP as the preferred choice for reliable and
e昀케cient warehousing solutions, capable of
meeting the evolving needs of our clients.
Jaggi emphasises IndoSpace’s proactive
approach in meeting the evolving needs of
e-commerce and 3PL players, leveraging
their position to capitalise on increasing
demand for Grade A properties. “As India’s
largest developer of Grade A industrial and
roof and docking systems, dual-昀氀oor o昀케ces,
and ample parking facilities. These enhancements contribute to energy and water savings,
enhanced transport e昀케ciency, optimised
lead time, greater storage space utilisation,
reduced greenhouse gas emissions, promoted
biodiversity, and better safety and security,”
states Jaggi.
“Moreover, we have pioneered digitised
services through our cutting-edge e-Facility
app, o昀昀ering comprehensive maintenance
management, 昀椀le sharing, facility booking,
and gate management systems, empowering
our clients with convenience and control. From
state-of-the-art security systems and well-laid
asphalt roads to high-tension power lines,
昀椀re safety measures, and well-equipped 昀椀rst
aid centres, we have curated an environment
that fosters business growth and operational
excellence,” Jaggi went on to add.
Narayan equally emphasises that infrastructure is just one aspect; the other crucial
element is seamless operations and the
implementation of rigorous safety standards.
“As a leading Grade A warehouse
Amid a positive outlook driven by India’s
increasing prominence in the global value
chain, a report titled ‘India I&L Outlook
2024’ by CBRE, a multinational commercial real-estate services and investment
provider, highlights that the leasing
demand for high-quality warehousing
space in India will likely stay strong
throughout 2024. The demand is focussed
on enhancing operational efficiencies,
ensuring safety compliance, and improving contingency planning, reflecting the
sector’s robust growth trajectory.
logistics real-estate, IndoSpace combines
extensive extensive expertise to create an
ecosystem that seamlessly blends cuttingedge infrastructure, sustainable practices,
and innovative technologies.”
Highlighting their achievements, Jaggi
mentions IndoSpace Logistics Park Luhari
I in NCR received Platinum certification
under the IGBC Green Logistics Parks and
Warehouse rating system in October 2020,
a 昀椀rst for India. Subsequently, IndoSpace
has attained Platinum certi昀椀cation for over
16 parks nationwide, underscoring their
commitment to sustainable operations and
reducing environmental impact.
In addition to sustainability efforts,
IndoSpace focusses on delivering world-class
infrastructure. “Our Grade A solutions encompass meticulously designed pre-engineered
buildings with natural ventilation, premium
28 | CARGOCONNECT JULY 2024
developer, the safety of employees and
goods is our top priority. We maintain a
robust security system that includes 24/7
surveillance, controlled access points with
visitor management systems, and advanced
alarm systems. Our facility management
team adheres to strict Standard Operating
Procedures (SOPs) to ensure emergency
preparedness in the event of a breach.”
Narayan continues, “We conduct regular
electrical and 昀椀re audits to mitigate risks
and ensure our warehouses are secure and
compliant with safety standards.”
“To safeguard against pests, we conduct routine inspections and audits of our
parks, employing e昀昀ective pest management
strategies to uphold a clean and hygienic
environment. A proactive approach is crucial in preventing infestations that could
jeopardise the integrity of stored products.”
With two warehousing InvITs
already established, the
sector has overcome the
initial hurdles associated with
infrastructure investment
trusts. InvITs facilitate the
regular unlocking of capital
for developers, enabling
reinvestment in new projects.
For investors, mandatory
cash distributions and
favourable tax benefits make
InvITs appealing, providing
consistent cash flows
and overall returns with
minimal execution-related
risks. Looking ahead, the
expected increase in Grade A
warehouse stock will expand
opportunities for warehousing
InvITs over the next 2-3 years,
presenting significant growth
potential and enhancing the
stability and prominence of
warehousing assets in India.
Nitin Aggarwal
CEO, TVS Infrastructure
Investment Manager
