Welspun One Sign 9 lakh sq. ft Lease For Bhiwandi Park

3PL service provider, FM Logistic India, has entered into a contract with Welspun One Logistics Parks to lease warehousing space at Bhiwandi. As per the agreement, Welspun One will lease out approximately 9 lakh sq. ft. of warehousing space to FM Logistic India

BY Realty Plus
Published - Thursday, 17 Dec, 2020

Welspun One Sign 9 lakh sq. ft Lease For Bhiwandi Park

3PL service provider, FM Logistic India, has entered into a contract with Welspun One Logistics Parks to lease warehousing space at Bhiwandi. As per the agreement, Welspun One will lease out approximately 9 lakh sq. ft. of warehousing space to FM Logistic India at its flagship Bhiwandi. The INR 900 CR facility is Welspun One’s flagship project and is spread over 110 acres. Welspun One Logistics parks is also in advanced discussions for another 1.5Mn sft 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 omni-channel 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. The Grade A logistic facility has been designed according to the best industry standards with high spec buildings, 100% compliance to norms and stringent safety standards, allowing FM Logistic to strengthen its foothold in India’s economic capital. The campus will also give the company adequate room to consolidate and expand operations in the future. 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. The project, zoned as an Integrated Logistic Park under MIDC, will be the largest one-of-its kind landmark development project with excellent connectivity to the Mumbai-Nashik National Highway (NH3), JNPT (Nhava Sheva) Port, Mumbai’s International and Domestic Airport. Strategically located - 45 kms from Mumbai’s CBD and 6 kms 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. Designed by global logistics experts, 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, rain water harvesting along with providing for roof top solar willbe an IGBC Gold certified facility. With this new leased space, FM Logistic India will have a total of 7.0 million sq. ft. of warehousing space across India. The company has successfully provided plug and play omni-channel 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. The logistics service provider continued to invest and win new customers throughout the year.