An e-commerce boom in India will more than double the size of warehousing space sought over the next five years, according to Knight Frank. Annual warehousing transactions in the top eight Indian cities will grow to 76.2 million square feet by March 2026 from 31.7 million square feet in 2021, the research firm said in a report published Tuesday. The predicted surge follows a drop in the past year due to the pandemic. “Due to a greater internet penetration across India, e-commerce companies are also betting big on growth in tier two and three locations, which are becoming the preferred warehousing hubs and investment destinations,” Rajesh Jaggi, vice chairman for real estate at private equity firm Everstone Group, said in the Knight Frank report. “The demand for Grade A compliant, multistorey warehouses will see a spike soon in these markets.”
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By siliconindia | Monday, 10 May 2021, 03:16 Hrs Mukesh Ambani s Reliance Industries Ltd (RIL) and Reliance Foundation are among the largest donors as India Inc steps up relief efforts in the second wave of Covid hitting India. RIL set up 1,875 hospital beds for free treatment of Covid patients in Jamnagar and Mumbai. The 100-bed facility at Seven Hills, Mumbai, was India s first dedicated Covid treatment facility set up in April 2020. In addition, RIL created several quarantine and isolation facilities across Mumbai, Surat, Lodhivali and other sites. RFH set up an exclusive 10-bed dialysis centre at the Hindu Hriday Samrat Balasaheb Thackeray Trauma Care Hospital, Mumbai.
RIL, Reliance Foundation among large corporate donors towards COVID relief in India
Reliance Foundation to set up 1000-bedded COVID Care facilities in Jamnagar, Gujarat
Mukesh Ambani s Reliance Industries Ltd (RIL) and Reliance Foundation are among the largest donors as India Inc steps up relief efforts in the second wave of COVID hitting India.
RIL set up 1,875 hospital beds for free treatment of COVID patients in Jamnagar and Mumbai. The 100-bed facility at Seven Hills, Mumbai, was India s first dedicated COVID treatment facility set up in April 2020.
In addition, RIL created several quarantine and isolation facilities across Mumbai, Surat, Lodhivali and other sites. RFH set up an exclusive 10-bed dialysis centre at the Hindu Hriday Samrat Balasaheb Thackeray Trauma Care Hospital, Mumbai.