Home-grown integrated supply chain solutions specialist, Mahindra Logistics Ltd (MLL) and industrial real-estate developer, Ascendas-Firstspace recently announced setting up of a new one million sq ft multi-client warehouse park in Talegaon, Pune. With comprehensive connectivity, the entire development will be spread over three phases with the first phase of 0.5 million sq ft to be operational by the end of 2023-24.
At the Ascendas-Firstspace Pune Talegaon-II Logistics Park, spread over 40 acres, this is the second project in the micro-market of Ascendas-Firstspace. Talegaon-II is part of the Chakan Talegaon Industrial Corridor (CTIC), which is one of the most important manufacturing clusters in India. The area has been a traditional manufacturing base for large auto, engineering, and electronics companies. The CTIC corridor is currently witnessing significant growth on account of the success of the Make in India programme.
For Mahindra Logistics, the development will be an important part of its pan-India network of multi-user facilities, in a strategic industrial cluster. The facility will also host MLL’s first Automation Technology Centre that will focus on development and deployment of robotic process automation (RPA) technologies powered by Artificial Intelligence (AI), Internet of Things (IoT), AR/VR, AGVs and Blockchain.
This modern Grade A warehouse will be designed in line with MML’s sustainability standards. MLL’s commitment to sustainability ensures the company actively invests in making warehousing facilities energy efficient and exceptionally sustainable with a goal of achieving leadership in Energy and Environmental Design (LEED) certification for all our multi-client large format warehouses. The facility will be will be developed with a focus on recycled construction material, liquid discharge management, renewable energy waste management, and state-of-the-art automation. It will be IGBC Gold/Platinum certified with 100% on-site solar powered renewable power.
Rampraveen Swaminathan, Managing Director and CEO, Mahindra Logistics said, “The Chakan region is one of India’s leading industrial & consumption clusters. The region is the largest area for Mahindra Logistics, and we are pleased to announce this investment in partnership with Ascendas-Firstpace. The one million SFT facility will allow us to further expand our range of Integrated solutions for key customers in the area, and provide world class, technology enabled solutions. The site will also host our first Automation Technology Centre and focus on DEIA talent development. Designed to be an IGBC/LEED certified facility per our vision to carbon neutral by 2040.”
Aloke Bhuniya, CEO, Ascendas-Firstspace said, “We are very happy that Mahindra Logistics Limited has chosen to work in our logistics park, which is one of the largest multi-user facilities we have in the area. We welcome Mahindra Logistics with great enthusiasm and look forward to expanding our partnership to other projects across India. This partnership is a testament to the enduring legacy of trust and quality development that CapitaLand Investment and Ascendas-Firstspace have established throughout the years. We remain committed to being a strong partner to our clients and constructing a robust network of logistic and industrial parks in the key strategic logistics nodes and manufacturing clusters all across India.”
Sanjay Bajaj, Managing Director- Logistics and Industrial – India at JLL said, “We are proud to be the transaction advisors for this unique project. This is a testimony of India logistics growth story. Outsourcing of logistics activities is a major trend with 43% of all transactions in the 3PL sector in 2022.”