Welspun One to lease out 9 lakh sqft of Bhiwandi Park to FM Logistic

December 16, 2020: Welspun One Logistics Parks has entered into a contract to lease out 9 lakh sq ft of warehousing space to the 3PL service provider FM Logistic India at its Bhiwandi Park in Mumbai, Maharashtra.

The ₹900 crore Bhiwandi facility is Welspun One’s flagship project and is spread over 110 acres. Welspun One is also in advanced discussions for another 1.5 million sq ft with other e-commerce and 3PL companies for their park in Bhiwandi.

“FM Logistic India, with this deal, will now have an additional 9 lakh sq. ft. of dedicated Grade A warehousing campus in one of the key micro markets in India - Bhiwandi, Mumbai. At a time when efficient logistics services are key to developing omnichannel retail strategies, this move will give FM Logistic a significant presence to service the Mumbai Metropolitan Region, which has a consumption base of 26 million people,” said the release.

Despite the ongoing pandemic and the resultant lockdown, FM Logistic India added 10 lakh sq. ft. of warehousing space under its operations this year. The main impetus for this growth has been on account of great focus on the e-commerce, omnichannel, FMCG, food and pharma sectors.

With this newly leased space, FM Logistic India will have a total of 7 million sq. ft. of warehousing space across India. The company has provided plug and play omnichannel services to many customers and is one of the key contract logistics service providers in the country. The 3PL player provides warehousing & distribution services for FMCG, food, retail, automotive, consumer durables, e-commerce, engineering, telecom, pharma and other sectors.

Alexandre Amine Soufiani, MD, FM Logistic India, said, “Through the said warehouse in Bhiwandi, we will provide our customers with faster connectivity to the major consumption markets in the West. The logistic park will provide for sustainable use of resources - another feature why we chose to associate with this project. Solar panels will be installed for the generation of clean electricity and the necessary infrastructure in place to facilitate the charging of electric trucks.”

The project zoned as an integrated logistic park under MIDC, is a landmark development project with connectivity to the Mumbai-Nashik National Highway (NH3), JNPT (Nhava Sheva) Port, Mumbai’s international and domestic Airport. Strategically located - 45 kilometres from Mumbai’s CBD and 6 kilometres from Kalyan city, the project location is optimal for servicing large fulfilment requirements. The park itself has been conceived to provide end to end solutions for tenants with large docking areas, adequate parking and other Grade A park amenities. The park’s traffic planning maximizes throughput efficiency which is especially beneficial for FMCG and e-commerce companies as they go through their own sales cycles, needing to accommodate larger inventories and facilities that enable automation.

Advanced features like park management and maintenance on a tech-enabled platform, IoT-driven traffic management system to minimize travel distance and trucks with RIFD tags to predetermine directions and docking will be integrated within the park. The park will also be a zero discharge facility implementing strategies to minimise water consumption, rainwater harvesting along with providing for roof top solar will be an IGBC Gold certified facility.

Anshul Singhal, managing director, Welspun One Logistics Parks said, “At Welspun One, we are committed to solving the location needs of our clients with solutions that are driven to achieve the highest levels of compliance, safety, operational efficiency and innovation. At our first park in Bhiwandi, we are delighted to partner with a globally reputed company like FM Logistic.”