Mahindra Logistics Limited (MLL), an integrated logistics solutions provider and Ascendas-Firstspace, an industrial real estate developer, have announced the setting up of a new one million square feet multi-client warehouse park in Talegaon, Pune. With comprehensive connectivity, the entire development will be spread over three phases with the first phase of 0.5 million sq ft scheduled to be operational by the end of 2023-24.
The Ascendas-Firstspace Pune Talegaon-II logistics park is spread over 40 acres. This is the second project in the micro-market of Ascendas-Firstspace, a joint venture between CapitaLand Investment and Firstspace Realty. It is part of the Chakan Talegaon Industrial Corridor (CTIC), which is one of the most important manufacturing clusters in India. The area has been a traditional manufacturing base for large auto, engineering, and electronics companies.
For Mahindra Logistics, this will be an important part of MLL’s pan-India network of multi-user facilities, in a strategic industrial cluster. In addition to A-grade warehousing capacity of one million square feet, the facility will also host MLL’s first Automation Technology Centre that focuses on development and deployment of automation technologies on Artificial Intelligence, Internet of Things (IoT), Robotics & Automation, ARVR, AGVs and Block-Chain.
Located within Chakan Talegaon Industrial Corridor (CTIC), the warehouse 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.
As per Rampraveen Swaminathan, Managing Director & CEO, Mahindra Logistics, the Chakan region is one of India’s leading industrial and consumption clusters. The one million sq ft facility will allow the company to further expand its range of integrated solutions for key customers in the area, and provide world class, technology-enabled solutions. The site will also host the first Automation Technology Centre and focus on DEIA talent development. It is designed to be an IGBC/LEED certified facility as per MLL’s vision to be carbon neutral by 2040.
According to Aloke Bhuniya, CEO, Ascendas-Firstspace, this partnership is a testament to the enduring legacy of trust and quality development that CapitaLand Investment and Ascendas-Firstspace have established throughout the years. The company remains committed to being a strong partner to its clients and constructing a robust network of logistic and industrial parks in the key strategic logistics nodes and manufacturing clusters all across India.
Sanjay Bajaj, MD, Logistics & Industrial, JLL is proud to be the transaction advisors for this unique project. As per him, this is a testimony of India’s logistics growth story. Outsourcing of logistics activities is a major trend with 43 per cent of all transactions in the 3PL sector in 2022.