Logistics giant Ecom Express Limited has leased over 4 lakh sq. ft. of warehousing space in the logistic hubs of Bhiwandi and Farukhnagar from Welspun One Logistics Parks — an integrated fund, development and asset management platform.
Bhiwandi and Farukhnagar are both thriving Logistics Ecosystems servicing the consumption centers of MMR and NCR respectively. Ease of connectivity to expressways, highways and nearby states have established both these locations as critical warehousing micro-markets. Through this deal, Ecom Express will add to its existing warehousing inventory in these strategic markets, built specifically to meet their needs whilst at par with global “Grade A" standards.
Both locations will be designed by Welspun One to ensure maximum throughput efficiency in addition to 100% compliance to norms and stringent safety standards. Both parks are equipped with amenities and utilities to suit the requirements of new age logistics businesses with technology backed solutions towards traffic and parking management along with being a zero-discharge facility. According to the deal, Ecom Express has leased the warehousing spaces for a term of 9 years at both the parks, in two separate transactions and these projects are expected to go live by the second half of 2022.
Ecom Express is a rapidly growing tech-enabled logistics solutions company in India operating over a network of 2700+ towns. The company’s full-state coverage strategy in 25 states enables it to reach every doorstep in each city, town and village in the state. The company has established its presence in the industry due to a differentiated business model which is built on delivery service capability, scalability, customization and sustainability. Ecom Express uses its cutting-edge technology and automation solutions to enable first-mile pickup, sorting, intra-state/city connections and last-mile delivery for the e-commerce industry.
T. A. Krishnan, CEO & Co-founder, Ecom Express said, “The current situation has brought a dramatic and lasting change in consumer behaviour, with purchasing preference shifting towards online retail and further accelerating the demand for logistics infrastructure. Our association with Welspun One Logistics Parks in both Bhiwandi and Farukhnagar will see us bolster our logistics services across the country. In addition to that, the facilities being built with leading-edge technology will foster efficiency in our operations. With this partnership, we will take a step closer to our vision of a deep-reach strategy catering to diverse consumer markets in the pocketed regions of the country using innovation and end-to-end tech-enabled logistics solutions.’’
Anshul Singhal, Managing Director, Welspun One Logistics Parks said, “Since inception, we have aimed to recognize the warehousing needs of our clients and provide holistic solutions through best-in-class warehousing facilities across the country. We construct the highest quality of Grade A assets that not only meet 100% compliance norms and safety standards but also enable them to efficiently run their operations. Our partnership with Ecom Express, at our Bhiwandi and Farukhnagar parks, is a step towards creating a true value add to our clients business propositions. In an environment where the Indian logistics and warehousing sector is experiencing greater demand and increasing modernization, we want to be the most preferred warehousing provider for our clients.”
The expansion of the e-commerce sector has been a crucial growth driver for the exponential rise in demand for warehousing spaces across regions. Welspun One Logistics Parks seeks to leverage this demand and provide first-rate, sustainable and technologically advanced solutions for companies to conduct their warehousing operations seamlessly. Furthermore, the aim is to contribute to the growth of logistics infrastructure in the country and help get India to international standards in terms of its logistics cost to GDP ratio thereby making Indian industry competitive vis-à-vis global peers.
