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70% of APAC warehouse decision makers to automate workflow by 2024: Report

Indiaretailing Bureau -
The study includes feedback from over 1,400 decision-makers and associates who manage and maintain a warehouse or distribution centre New Delhi: Seven-in-10 warehouse decision-makers or 70% in the APAC (Asia–Pacific) region already have or are planning to automate workflows by...
Latest News

Warehousing demand in Bengaluru exceeds new supply by 55%: Report

PTI -
During 2018-22 period, leasing of warehousing space in Bengaluru exceeded new supply by 55% New Delhi: Leasing of warehousing space in Bengaluru exceeded new supply by 55% during 2018-22 period, resulting in lower vacancy level and increase in rental, according...
Latest News

Allana Cold Chain Solutions to invest Rs 300 cr to add 3 storage facilities

PTI -
Currently, the company operates and manages cold storage facilities at 10 locations across Haryana, Uttar Pradesh, Bihar, Maharashtra and Telangana Mumbai: City-based Allana Group's storage and transportation services unit Allana Cold Chain Solutions on Tuesday said it will invest Rs 300...
Latest News

Prozo continues expansion in India: Opens 28,000 sq ft fulfillment center in Chennai

Indiaretailing Bureau -
The new center is located at Red Hills and is in close proximity to Chennai Outer Highway and NH5 - Kolkata Highway Bengaluru: Homegrown supply chain company Prozo has launched a new fulfillment center (FC) in Chennai at Red Hills,...
Finance & Funding

RIL in process to set up $2.4-3 billion InvIT to monetise retail warehousing assets

PTI -
The company has already registered a trust with the market regulator Securities and Exchange Board of India (Sebi) in February this year New Delhi: Reliance Industries Ltd (RIL) has started the process to set up an infrastructure investment trust (InvIT),...
Spotlight

Mumbai region sees highest average rental growth of warehousing space at 9.4% in 2022: Vestian-FICCI

PTI -
With improving occupier and investor sentiment in 2022, coupled with consistent demand for high-quality assets and an upsurge in input expenses, rental values for warehousing space saw an increase across the key micro-markets in India New Delhi: Mumbai region witnessed maximum...
Latest News

Prozo launches fulfilment centre in Lucknow

Indiaretailing Bureau -
Prozo launches 23,000 sq. ft. multi-channel fulfilment centre in Lucknow taking its total warehousing footprint to 1.5 million sq. ft. New Delhi: Full-stack supply chain solutions provider Prozo has opened a new fulfilment centre at the Village Khasarwara in Lucknow. The 23,000 sq. ft....
Big Grid

Leasing of industrial, logistics space highest in NCR in 2022 across top 8 cities: CBRE

PTI -
The leasing activity in 2023 is expected to remain range-bound, driven by sustained demand from 3PL (third party logistics), engineering & manufacturing and retail firms New Delhi: Leasing of industrial and warehousing space was highest in Delhi-NCR and adjoining areas...
Big Grid

Costco: Keeping the Faith

Indiaretailing Bureau -
How the membership warehouse operator Costco Wholesale Corp. rides the loyalty factor for robust sales and growth By Lynn Petrak Loyalty can’t be bought, even with a membership. That’s something that Costco Wholesale Corp. has learned and honed to its advantage...
Latest News

South Korean firm Mirae acquires industrial, warehousing asset in Maharashtra for Rs 130 cr

PTI -
The newly acquired industrial warehousing space spread over a 10-acre land in Bhiwandi near Mumbai Bengaluru: South Korea's Mirae Asset Global Investments Co Ltd has acquired an industrial and warehousing asset at Bhiwandi in Maharashtra for Rs 130 crore. Anarock,...
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Fashion & LifestyleAnagha R Ratna -

Meena Bazaar opens its first store in Mumbai

The new Meena Bazaar outlet is located at the Oberoi Mall in Goregaon Bengaluru: Delhi-based ethnic wear retailer Meena Bazaar has...
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