warehousing expansion
Varuna Group will invest ₹500 crore to build Grade A warehousing facilities across the country. Founder and MD, Vivek Juneja, informed that the company has 25 years of operations experience and 25 Grade A+ facilities across 28 locations in India, with 1.2 million sqft of warehousing space. It is also looking to add 300 trucks every year from the next fiscal in its current fleet of over 1,800 trucks. The company will be building 30 'Grade A+' warehousing facilities in the next couple of years. As each facility is expected to be of around ₹50 crore, this will entail a total investment of around ₹1,500 crore. The company prefers the hybrid model wherein both the developer and the company will invest. Varuna Group will invest around ₹15 crore in each facility while the rest of the amount of ₹35 crore per facility will come from the developers.
Ingka Centres, part of the Ingka Group, which also includes IKEA Retail and Ingka Investments, will invest around ₹3,500 crore amounting to €400

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The Central government has approved ₹3,900 crore for building rail, road and allied infrastructure projects in Uttar Pradesh and Uttarakhand

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The Inland Water Transport (IWT) department has signed an MoU with the World Bank for a ₹770 crore loan to improve river transportation

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The Centre has initiated the process of creating the National Interlinking of Rivers Authority (NIRA), an independent autonomous body

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ICRA Ratings reiterated that the outlook for the Indian Road logistics sector continues to remain stable, supported by improved economic recovery in Q2 FY2022, increased pace of vaccination, and decline in fresh Covid-19 cases from

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Urban logistics spaces in India are expected to exceed 7 million sq. ft by 2022, as demand surges, according to JLL report 'India Urban Logistics - Are dark stores revolutionizing the sector?' The urban logistics industry in India

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According to the Joint Secretary and Mission Director, Ministry of Housing and Urban Affairs, Kunal Kumar, India needs around USD 700 billion

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The Greater Noida Industrial Development Authority (GNIDA) has launched an industrial plot scheme offering 91 plots ranging from 450 square

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Adding to its project portfolio in the Buildings & Factories (B&F) segment, the construction wing of the Larsen and Toubro, has secured a prestigious

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The Mumbai Metropolitan Region Development Authority has targeted to invest ₹5.01 lakh crore in the Mumbai Metropolitan Region on the

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The Central Government and the Asian Development Bank (ADB) has signed a $251 million loan for climate-resilient, integrated urban flood protection

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Patel Engineering Ltd. has witnessed a significant improvement in its overall performance due to a healthy order book position and opening up of

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To develop the Narela sub-city in north Delhi on the lines of Dwarka sub-city, the Delhi Development Authority is building two new sectors for

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Jharkhand Government has decided to build a new industrial corridor spread over 500 acres along a 311 km long highway connecting Govindpur to

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SP E&C is taking conscious steps towards reducing air pollution and minimizing the impact of construction activities on the environment, informs Alok

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Deep Foundations Institute of India (DFII) is affiliated with the Deep Foundations Institute (DFI), a US-based international non-profit organization established

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Launching of an “Atmanirbhar Bharat’, Premier Video Security Brand; Technology for boosting movement in FASTag lane; Automatic Raised Rib Marking

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The National Bank for Agriculture and Rural Development (Nabard) has sanctioned ₹608 crore for different infrastructure projects in rural areas

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The Aditya Birla Group has planned to set up a paint unit in West Bengal at ₹1,000 crore investment which will be commissioned in the next

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Gulf Islamic Investment (GII), a leading UAE-based Sharia-compliant financial services firm, has committed to invest ₹3,500 crore in India and will open

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