CARGOCONNECT JULY2024 - Flipbook - Page 26
COVERSTORY
WAREHOUSING ADVANCES
We offer the flexibility of
choosing between ready to
move and BTS options, while
ensuring that each unit that
we deliver is ergonomically
designed and has humanistic
features such as spaces
for rejuvenation, relaxation
and respite for drivers and
employees, ample parking
for fleet vehicles, wide
roads for easy movement
and more. We extend the
same attention to acquired
assets as well, focussing on
retrofitting and upgrading our
infrastructure, utilities and
amenities to bring them at
par with the global standards
for our customers. Thus, all
our warehouses—newly built
or existing—have standard
Grade A specifications such
as a clear height of 9-10
meters for efficient racking,
with options for custom-built
heights in BTS facilities.
RK Narayan
President– Strategy and Business
Development, Horizon Industrial
Parks
26 | CARGOCONNECT JULY 2024
evolving requirements of the manufacturing
and supply chain industries,” says Nitin.
“Our portfolio ranges from basic storage
facilities to advanced environments suitable
for manufacturing, R&D, vertical storage,
and integrated o昀케ces.”
Currently, Nitin highlights, TVS ILP
is actively involved in several significant
projects that underscore our commitment to
innovation. “These include expansions into
tier II and III cities, where we aim not only
to enhance logistical e昀케ciencies but also to
foster sustainable infrastructure development
and positively impact local economies.”
Future Warehouse Solutions (FWS)
is dedicated to surpassing the expectations
of the manufacturing and supply chain
industry by anticipating future needs and
innovating beyond traditional o昀昀erings.
According to Vikas Yadav, the company’s
Director, their approach revolves around
three key pillars:
* Dynamic Warehousing Solutions:
Rather than conventional 昀椀xed infrastructure, FWS pioneers agile and
modular warehousing solutions that can
swiftly adapt to evolving market dynamics. This includes pop-up warehouses
for seasonal peaks and on-demand
storage solutions for short-term inventory spikes, ensuring 昀氀exibility without
compromising e昀케ciency.
* Vertical Integration: FWS promotes
vertical integration by incorporating
multi-storey warehouses within logistics
parks. This approach optimises land
utilisation while facilitating easy access
across multiple levels via ramps or lifts.
* Community-Centric Design and
Engagement: FWS actively collaborates
with local stakeholders to build meaningful partnerships and contribute positively
to the social fabric of the communities
where they operate. Warehousing facilities are designed with community wellbeing in mind, featuring green spaces,
sustainable transportation options, and
social amenities.
A Market Poised for
Demand-Led Growth
India aims to enhance logistics e昀케ciency and
stimulate economic growth by addressing
current infrastructural challenges and
strategically expanding warehousing capacity. It is evident that the country has made
substantial investments in modernising its
infrastructure, including railways, roads,
and ports. These enhancements are essential
for facilitating e昀케cient product circulation
and are poised to bene昀椀t the warehouse
industry comprehensively. Consequently, by
investing in modern warehousing facilities
in key locations with robust infrastructure,
investors can capitalise on the opportunities
and unlock the sector’s full potential.
The growth of India’s warehousing
sector is fuelled by several key drivers.
India’s e-commerce market is projected
to reach US$350 billion by 2030, creating
a significant demand for warehouses to
efficiently fulfil online orders. Concurrently, traditional retail is shifting towards
omnichannel strategies, emphasising both
physical stores and online sales, necessitating
additional warehousing capacity to support
integrated ful昀椀lment approaches. The 3PL
sector is also expanding rapidly, leading to
increased reliance on modern warehousing infrastructure for e昀昀ective inventory
management and streamlined operations.
Additionally, the growth in manufacturing
activities and the broader manufacturing
sector is boosting the uptake of established
and e昀케cient warehouses.
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 highquality warehousing space in India will likely
stay strong throughout 2024. The demand is
focussed on enhancing operational e昀케ciencies,
ensuring safety compliance, and improving
contingency planning, re昀氀ecting the sector’s
robust growth trajectory.
In 2023, there was a remarkable surge in
the demand for industrial and logistics spaces
across major cities in India, with leasing
activity increasing by 8 per cent according to
the CBRE report. This surge was primarily
driven by heightened demand from 3PL
companies. Engineering and manufacturing
昀椀rms also played a signi昀椀cant role, accounting
for 17 percent of the overall leasing activity.
The report highlights that 3PL players
were major contributors, accounting for
45 per cent of the leasing activity. As a
result, the leasing of industrial and logistics
spaces rose to 38.8 million sq ft in 2023
from 36 million sq ft in the previous year.
The outsourcing of supply chain operations
by various sectors such as e-commerce,
retail, and manufacturing to 3PL 昀椀rms was
noted as a key factor. This trend enables
companies to reduce costs, meet storage
requirements, achieve operational 昀氀exibility,
and e昀케ciently manage labour outsourcing
needs, according to the report.
“We have observed a signi昀椀cant rise in
demand for warehousing from e-commerce
