MP NEWS:Indore.LP Logistics, the contract logistics and warehousing arm of Liladhar Pashu Group, announces expansion of its capacity in Indore, one of India’s fastest growing economic areas. Happy to do. NH 47 is well connected to the industrial towns of Pithampur and Dewas located near the Mumbai-Agra Highway, as well as Indore city, Mumbai and Nashik including Bhopal.
Currently, LP Logiscience operates a multi-user warehouse with a capacity of 1000 pallet positions, spread over an area of over 1.4 lakh square feet. The warehouse is committed to providing services to customers across the FMCG, Cosmetics and Beverages sectors, and also serves as an important distribution center in the western part of Madhya Pradesh, efficiently handling 16 lakh units on a monthly basis.
Transportation Infrastructure
This growth can be largely attributed to Indore’s strong economic profile, strategic location and planned development of transportation infrastructure in the region. According to a recent report on the Indian warehousing market, Indore recorded a warehousing transaction volume of 0.14 million square meters (1.5 million square feet) in FY2023, compared to 0.05 million square meters (0.5 million square feet) in FY2019. Thus, it has registered a growth of 208% in the last four years. FY23 saw high demand for warehousing space from manufacturing players, with the Indore region alone accounting for 51% of the total transaction volume.
The Indore-Dewas cluster forms a major warehousing hub and comprises 81% of the leasing volume in FY23. Along with this, it also includes warehouses supplying sectors like retail, FMCD and third-party logistics. Dewas Naka is considered to be the first warehousing cluster of the city, as it is equipped with better infrastructure of 3×3 lane roads. At the same time, Pithampur is a manufacturing cluster, on which the automobile sector is responsible. It has been identified for implementation of the Industrial Infrastructure Up-gradation Scheme (IIUS) by the Central Government. Furthermore, it falls under the Delhi Mumbai Industrial Corridor (DMIC) impact area and has India’s first green zone operational SEZ.
In this ever-changing environment, LP LogiScience has been able to establish itself as a leading company, looking forward to contributing to the growth of the logistics sector of Madhya Pradesh. A subsidiary of the prestigious Leeladhar Passu Group, LP Logiscience was founded over a decade ago and since then it has been continuously evolving and growing at an impressive rate of 20%-25% annually.
Discussing the development of its warehouse in Indore, Mr. Varun Gada, Director, LP Logiscience, said, “Indore has immense growth potential. The development of Grade A build-to-suit warehousing infrastructure through national and local development In FY23, Grade A warehouses were seen as the dominant source of rental potential in the Indore market, comprising 64% of the leasing volume. We are proud to be a part of our state-of-the-art multi-user warehouse plant in Indore. We are excited to cater to the growing demand of our customers in the FMCG and F&B sectors. We also look forward to building state-of-the-art warehouses adopting cutting-edge technology and robust operations, which is in line with our business goals for this year “
LP Logiscience’s business model is driven by advanced technology, providing customized and robust warehousing solutions. The company is also committed to introducing sustainable practices for energy and resource optimisation, with plans to include electric vehicles for distribution. LP Logiscience not only continues to contribute to India’s thriving warehousing sector, but is also dedicated to setting new benchmarks in the logistics industry and bringing positive change in the field of warehousing and logistics.
