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XSIO Logistics Parks, backed by global asset manager Blackstone, has finalized plans to invest upwards of Rs 600 crore to construct a state-of-the-art integrated logistics hub near Indore. The ambitious development comes after the MP Industrial Development Corporation (MPIDC) formally approved the allotment of 23.33 hectares of land in Machal village. Funded primarily through international foreign investment, the mega-facility is projected to generate more than 4,000 direct and indirect employment opportunities across the state.
Commenting on the industrial significance of the allotment, Himanshu Prajapati, Executive Director of MPIDC Indore, emphasized that the project will significantly elevate the Indore-Pithampur corridor’s status among India’s top-tier logistics zones. He noted that the state government is fully committed to providing seamless regulatory support to fast-track execution. Officials expect that the finished hub will effectively service industrial manufacturing plants in Pithampur Sector-7, the Mohana industrial area, and adjacent manufacturing clusters.
The new industrial park is designed to synergize with Western Indore's existing freight infrastructure, heavily complementing the ongoing Rs 1,110-crore Multi Modal Logistics Park (MMLP) in Pithampur as well as CONCOR’s active Inland Container Depot (ICD). Local authorities point out that the convergence of these major hubs will create a highly optimized supply chain network, significantly driving down overall operational and freight costs for regional businesses.
This capital injection reflects a broader trend of institutional real estate investment pouring into India's central warehousing corridors to meet rising supply chain demands. By setting up a robust, institutional-grade logistics footprint in Madhya Pradesh, XSIO and Blackstone are positioning the region as a primary distribution node, ensuring it has the capacity and infrastructure to handle high-volume domestic and EXIM cargo movements for years to come.
For more such news and updates, visit CARGOCONNECT.
XSIO Logistics Parks, backed by global asset manager Blackstone, has finalized plans to invest upwards of Rs 600 crore to construct a state-of-the-art integrated logistics hub near Indore. The ambitious development comes after the MP Industrial Development Corporation (MPIDC) formally approved the allotment of 23.33 hectares of land in Machal village. Funded primarily through international foreign investment, the mega-facility is projected to generate more than 4,000 direct and indirect employment opportunities across the state. Commenting on the industrial significance of the allotment, Himanshu Prajapati, Executive Director of MPIDC Indore, emphasized that the project will significantly elevate the Indore-Pithampur corridor’s status among India’s top-tier logistics zones. He noted that the state government is fully committed to providing seamless regulatory support to fast-track execution. Officials expect that the finished hub will effectively service industrial manufacturing plants in Pithampur Sector-7, the Mohana industrial area, and adjacent manufacturing clusters. The new industrial park is designed to synergize with Western Indore's existing freight infrastructure, heavily complementing the ongoing Rs 1,110-crore Multi Modal Logistics Park (MMLP) in Pithampur as well as CONCOR’s active Inland Container Depot (ICD). Local authorities point out that the convergence of these major hubs will create a highly optimized supply chain network, significantly driving down overall operational and freight costs for regional businesses. This capital injection reflects a broader trend of institutional real estate investment pouring into India's central warehousing corridors to meet rising supply chain demands. By setting up a robust, institutional-grade logistics footprint in Madhya Pradesh, XSIO and Blackstone are positioning the region as a primary distribution node, ensuring it has the capacity and infrastructure to handle high-volume domestic and EXIM cargo movements for years to come. For more such news and updates, visit CARGOCONNECT.
Leasing in the industrial and logistics (I&L) sector reached an all-time high of 39.5 million square feet in CY 2024 across the top eight cities, a remarkable milestone driven by a substantial supply addition of 38.6 million square feet, according to the latest report by CBRE South Asia Pvt Ltd, titled ‘CBRE Industrial & Logistics Figures H2 2024.’ The report emphasises the continued momentum in leasing, with strong activity across various regions. Notably, Delhi-NCR, Bengaluru, and Kolkata were the leading contributors, together accounting for almost 60 per cent of the total leasing activity during the year. Mumbai, Chennai, and Bengaluru stood out in terms of supply addition, collectively contributing to over half of the new space in CY 2024. The report identifies third-party logistics (3PL) players as the dominant force in space take-up, with these firms accounting for 41 per cent of the leasing activity. Additionally, engineering and manufacturing companies maintained a strong presence, with an 18 per cent share in the overall space absorption. Interestingly, the space uptake was predominantly driven by smaller transactions, with those under 50,000 square feet representing 43 per cent of the total leasing volume. Medium-sized transactions (ranging from 50,000 to 100,000 square feet) and larger transactions (exceeding 100,000 square feet) each comprised 28 per cent of the total activity. Anshuman Magazine, Chairman and CEO of CBRE for India, Southeast Asia, Middle East & Africa, highlighted the resilience of the I&L sector amidst global economic uncertainties, predicting further growth in 2025. He anticipates that in-city warehousing and the quick-commerce model will play an increasingly significant role, with Delhi-NCR, Kolkata, and Bengaluru expected to lead the absorption trends in the coming year.
Logistics solutions provider UPS has announced the launch of its specialised healthcare-focused cross-docking facility in Hyderabad, aimed at revolutionising the logistics of the Indian pharmaceutical sector. Designed with a strong emphasis on the unique needs of pharma customers, this state-of-the-art facility integrates global freight forwarding capabilities, underscoring UPS's commitment to the healthcare industry. The facility boasts advanced temperature control systems, ensuring sensitive pharmaceutical products are stored and transported within their specified temperature ranges to maintain efficacy and safety. According to UPS, the facility can securely handle and sort 15 pallets at +15°C to +25°C, 7 pallets at +2°C to +8°C, and 50 pallets under uncontrolled ambient conditions. This capability significantly enhances the efficiency of pharma companies by minimising the need for prolonged warehouse storage. Moreover, the facility acts as a safety net for critical shipments, ensuring that vital products remain protected even during contingency situations. Grégory Goba-Blé, Head of UPS India and Director of MOVIN Express, emphasised the importance of innovative logistics in the rapidly evolving healthcare landscape, stating, “With India at the forefront of the healthcare industry, we’re committed to simplifying logistics for our customers.” UPS Healthcare operates with a robust team of over 10,000 healthcare logistics experts across 216 facilities, totaling 17 million square feet of cGMP and GDP-compliant healthcare distribution space. Recently, the company also launched UPS Premier in India, a cutting-edge service that prioritizes and tracks critical shipments within 3 meters globally. Arnab Bhattacharya, Country Manager for UPS Healthcare in India, expressed enthusiasm about the new facility, highlighting its unparalleled security and efficiency: “We are really the only solution out there that can take care of the full, end-to-end supply chain.”
