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News
Maersk launches One Country, One
Price e-commerce fulfilment solution
aersk announced an solutions such as storage in
Me-commerce fulfilment warehouses, last-mile deliveries
solution in India with which and executing return orders
all elements will be available while providing end-to-end
through a single window at a visibility at unified pricing."
flat rate of ₹80 per order. Vikash Agarwal, managing
"This solution has primarily director, Maersk South Asia
been targeted at a typical says, “India’s e-commerce
small or medium e-commerce business has great growth
business in India that relies potential. But the highly
on multiple logistics partners fragmented market and supply
for different activities," says chain complexity are hurdles
an official release. "With this to many businesses' growth.
solution, Maersk is taking the With our new solution, we want
complexities out of customers’ to stay true to our purpose
supply chains by providing single of improving life for all by
window access to all required integrating the world.”
TVS ILP to develop additional 10
mn sq ft in 30 more cities by 2027
he logistics parks developer TVS Industrial
T& Logistics Parks (TVS ILP) announced that
it intends to expand its portfolio from 10 million
square feet (sq ft) across 19 facilities in 11
Indian cities to 20 million sq ft in
41 cities by 2027 with $75-85
million annual spending.
The warehousing space
provider intends to
achieve this by developing
a warehousing facility
close to the consumption Industrial, warehousing
and demand centre in
every 400 kilometres absorbed 22 mn sq ft in
of the length and
breadth of the country, as
briefed by TVS ILP's chief H12023: Savills India
operating officer Manikandan
Ramachandran. n H1 2023, the industrial and The industrial and
He said, “Over the next few years, the Iwarehousing sector recorded warehousing sector also
annual spend would be approximately $75-85 mn a total absorption of 22 million witnessed a new supply of
per year and we intend to be a 20 million sq ft sq. ft., indicating a 7 percent 27 million sq. ft. during
platform with contracted revenue of $750 mn." increase compared to the 21 the same period, reflecting
TVS ILP has a wide customer portfolio with million sq. ft. absorbed in the a 36 percent growth from the
manufacturing occupying 38 percent of its first half of 2022. Tier I cities 20 million sq. ft. recorded
business, auto & auto ancillary 27 percent, accounted for 75 percent of in the first half of 2022,
e-commerce 22 percent, Third Party Logistics the total absorption in the first according to the latest
(3PL) six percent and Fast Moving Consumer half of 2023, while tier II and research by Savills India,
Goods/Durables (FMCG/D) 5 percent. III contributed the remaining an International real estate
25 percent. advisory firm.
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July - August 2023 www.itln.in
