IndoSpace Logistics Parks Ltd, which develops industrial real estate and warehouses, said it has closed its second fund called IndoSpace Logistics Parks II (ILP II) at $330m.
Figures from the International Air Transport Association show a 6.1-percent growth in demand measured in freight tonne kilometers for airfreight in November 2013 over the same month in the previous year. November's performance is an improvement on the 4.4-percent year-on-year demand expansion recorded in October. This continues an improvement trend in the weak air cargo markets which has been developing over 2013.
The boom in e-commerce and the rising use of the internet will bring boom-time conditions to the industrial property sector in Australia in the coming year, according to logistics leasing experts.
The Indian cold chain sector, which is currently grappling with such issues concerning the quality of food products and food safety maintenance has realized the necessity of faster development, and could grow at the rate of 10 percent to 15 percent per annum in the next five to 10 years, according to Arvind Surange, chief consultant and proprietor, ACR Project Consultants Pvt. Ltd.
Even the world's biggest brands can struggle to succeed in India. Coca-Cola chairman and CEO Muhtar Kent urges global companies to accept the market as it is, not as they wish it to be.
Yusen Logistics' warehousing facilities in Indonesia will hit 90,000 square meters in 2014, as it begins work on a 16,700-square-meter facility in February.
Traditional commercial vehicle manufacturers, such as Tata Motors and Ashok Leyland, are increasingly switching to providing vehicles fully built by them, rather than supplying only the chassis.