This lease is part of the first phase of the park’s development, which encompasses
2.5 million square feet and represents a significant milestone in Sumadhura’s
logistics sector expansion. Sumadhura
has entered into a 9-year lease agreement to provide ready-to-move-in warehouse
space to NX Logistics India at its logistics park. The Grade-A facility
features advanced infrastructure and amenities, ensuring convenience,
accessibility, and optimised storage solutions for NX Logistics’ fast-moving
consumer goods (FMCG) clients.
The Group is investing approximately Rs 6 billion in the first phase of
Sumadhura Logistics Park, which spans about 100 acres and offers 2.5 million
square feet of commercial warehousing space. The next phase of development will
expand the warehousing space
to 6 million square feet.
Madhusudhan G, Chairman and Managing Director of Sumadhura Group,
commented that the collaboration
underscores Sumadhura’s dedication to delivering state-of-the-art warehousing
solutions and transforming the logistics industry in India.
He noted that the rising demand for Grade-A warehouses across various
sectors reflects the growing market need for high-quality warehousing
solutions, particularly for large-scale industries like FMCG, which is
projected to become a $10 billion industry by 2030.