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Horizon Industrial Parks, backed by Blackstone, started construction of a 3.16 lakh sq. ft. built-to-suit manufacturing facility in Chengalpattu, Chennai, for Yazaki India. The Japanese auto parts giant has now expanded its India presence to nearly 1 million sq. ft. across key industrial hubs including NCR, Hosur, and Chennai. This new facility is Yazaki's third collaboration with Horizon and reflects its commitment to sustainable and modern industrial infrastructure. The plant is designed for rooftop solar installations and will employ over 2,000 individuals, reinforcing Yazaki's focus on quality, safety, and timely execution.Read more
Delhivery has announced plans to acquire its competitor, Ecom Express Limited, for a sum not exceeding INR 1,407 crore, subject to regulatory approvals. The acquisition, expected to conclude within six months of the share purchase agreement's execution, will make Ecom Express a subsidiary of Delhivery. Ecom Express was incorporated in August 2012 and is a technology-enabled end-to-end logistics solutions provider headquartered in Gurugram, Haryana.
Tata Advanced Systems, a subsidiary of Tata Sons, has acquired a 7.4 lakh sq ft land parcel in Karnataka's Vemgal Industrial Area for INR 29.34 crore. The site will be used for aircraft manufacturing, including final assembly and MRO operations. The land was purchased from the Karnataka Industrial Areas Development Board (KIADB) at INR 1.7 crore per acre under a 10-year lease agreement, with an annual rent of INR 17,011 and maintenance charges of INR 2.55 lakh per year. Located near Bengaluru, Vemgal is a key manufacturing hub.
Mother Dairy plans to invest approximately INR 600 crore to establish two new fruit and vegetable processing plants in Gujarat and Andhra Pradesh. The Gujarat facility, located at Itola near Baroda, will receive an investment exceeding INR 400 crore, with construction expected to conclude within two years. The Andhra Pradesh plant in Kuppam will require an investment between INR 150 crore and INR 200 crore; land acquisition is currently underway. These initiatives aim to enhance Mother Dairy's agricultural processing capabilities and strengthen its market presence.
Maruti Suzuki, India's leading car manufacturer, has announced an investment of INR 7,410 crore to establish a third plant at its Kharkhoda facility in Haryana. This expansion will increase the site's annual production capacity by 250,000 vehicles, reaching a total of 750,000 by 2029. The move aims to meet the growing demand for Maruti's vehicles both domestically and internationally. Currently, Maruti Suzuki operates two plants in Kharkhoda-one operational and another under construction-each with a capacity of 250,000 vehicles per year. The company also maintains three other manufacturing facilities: two in Haryana and one in Gujarat.
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India's data center industry has attracted over USD 6.5 billion in investments through private equity, joint ventures, and acquisitions from 2014 to 2024, according to a report by ANAROCK Capital. The sector has witnessed a 139% increase in capacity, rising from 590 MW in 2019 to 1.4 GW in 2024. Mumbai and Chennai dominate the market, contributing 70% of the country's total IT power capacity, with Mumbai alone accounting for 49%. Noida, Bangalore, Pune, and Hyderabad are also key players, supporting an overall occupancy rate of 76%. The industry has become a hotspot for hyperscalers adopting the 'own-and-operate' model, with Hyderabad leading in land acquisitions at 69%, followed by Mumbai (22%) and Pune (9%). Looking ahead, AI-driven workloads are expected to fuel demand for advanced data center infrastructure, requiring innovations like liquid cooling, high rack densities, and robust floor load capacities.
Prologis, the world's largest logistics real estate firm, has announced a USD 1 billion investment in India over the next five to seven years, doubling its earlier commitment. The company will invest USD 500 million by 2026 to develop large warehousing parks in key cities like Delhi, Mumbai, Pune, Bengaluru, and Chennai. Recent land acquisitions in Bengaluru (Hoskote) and Chennai (Hosur), totaling 300 acres, will support six million sq. ft. of warehousing development. Prologis is also exploring data center opportunities in India. The move reflects India's booming logistics sector, which saw record investments in 2024, led by foreign capital and strong e-commerce and 3PL demand.
Indian Extraction Limited (IEL), a prominent player in India's warehousing and logistics sector, has recently raised INR 43.17 crore through a rights issue. The company issued over 97 million fully paid-up equity shares at INR 4.45 per share, inclusive of a premium of INR 3.45 per share. IEL intends to utilise these funds for acquiring land, constructing storage facilities, and expanding its logistics infrastructure. The first phase of its project will commence in Neeva village, Lucknow, focusing on the construction of smart warehouses, cold storage, and silos. IEL has entered into agreements for land acquisition and partnered with construction firms, with an emphasis on sustainability and energy efficiency.Read more
Surat has registered the highest year-on-year growth in warehousing transactions across India during calendar year 2024. According to Knight Frank India's latest report, the city added 1.6 million sq ft of warehousing space, representing a 98% increase over the previous year. Key transactions by companies such as Reliance Retail, Whirlpool, Waaree Energies, Goldi Solar, and Kohler India were instrumental in this surge. Meanwhile, Ahmedabad maintained its position as Gujarat's primary warehousing hub, recording 5.8 million sq ft of transactions, with contributions from major manufacturing and FMCG players. Despite declines in Vadodara and Vapi, the state's warehousing market continues to demonstrate robust growth overall.Read more
NDR InvIT Trust acquired a 0.9 million sq ft Grade A industrial warehouse near Surat, Gujarat, expanding its AUM to 19.01 million sq ft. Advised by JLL India, the deal strengthens NDR InvIT's presence in Western India's growing logistics market. The strategically located park, along the 'golden quadrilateral', benefits from excellent connectivity, attracting 3PL operators. The acquisition reflects NDR InvIT's strategy to capitalize on demand for quality industrial spaces, enhancing operational efficiency and investor value. This move signals market confidence and anticipates further investment in Gujarat's infrastructure-driven growth.Read more
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