Mahindra Logistics and Ascendas-Firstspace are planning to set up a 1 million sq ft multi-client warehouse park in Pune’s Talegaon in three phases. The first phase of 0.5 million sq ft will be operational by the end of 2023-24.
At the Ascendas-Firstspace Pune Talegaon-II Logistics Park, spread over 40-acres, this is the second project in the micro-market of Ascendas-Firstspace. Talegaon-II is part of the Chakan Talegaon Industrial Corridor (CTIC), one of the key manufacturing clusters in India.
“The 1 million sq ft facility will allow us to further expand our range of Integrated solutions for key customers in the area, and provide technology enabled solutions. The site will also host our first Automation Technology Centre and focus on DEIA talent development,” said Rampraveen Swaminathan, MD & CEO, Mahindra Logistics.
For Mahindra Logistics, this will be a key part of its pan-India network of multi-user facilities, in a strategic industrial cluster.
“We look forward to expanding our partnership to other projects across India… We remain committed to being a strong partner to our clients and constructing a robust network of logistic and industrial parks in the key strategic logistics nodes and manufacturing clusters across India,” Aloke Buniya, CEO, Ascendas-Firstspace.
Mahindra Logistics modern A-Grade warehouse, located within CTIC, will be designed with the company’s sustainability standards. It will be developed with a focus on recycled construction material, liquid discharge management, renewable energy waste management, and state-of-the-art automation.
“This is a testimony of India’s logistics growth story. Outsourcing of logistics activities is a major trend with 43% of all transactions in the 3PL sector in 2022,” said Sanjay Bajaj, MD, Logistics & Industrial, India in JLL that acted as the transaction advisor.
