Covid-19 impact: E-commerce drives demand for warehousing in H1

Embassy Industrial Parks (EIP), Stellar Supply Chain Solutions, and TVS Industrial & Logistics Parks, among others, have seen a growth of anything between 30 per cent and 100 per cent in H1CY21.

Topics
e-commerce market | warehouses in India | logistics

Raghavendra Kamath  |  Mumbai 

Even as leasing of office and retail properties was hit in the first half of the calendar year, leasing of warehousing spaces is on an upswing. Embassy Industrial Parks (EIP), Stellar Supply Chain Solutions, and TVS Industrial & Logistics Parks, among others, have seen a growth of anything between 30 per cent and 100 per cent in H1CY21.

The reason for this is growing demand from e-commerce, pharmaceuticals and third-party logistics firms during the pandemic. Leasing of Grade A warehousing spaces since January to date stands at 13 million sq ft, compared to 9.4 million sq ft ...

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, June 30 2021. 06:10 IST
RECOMMENDED FOR YOU