Mumbai, April 5 (FN Agency) Logistics solutions provider Ecom Express on Tuesday said it has leased over 4 lakh sqft of warehousing space in two facilities, with one each in Maharahstra and Haryana, of Welspun One Logistics Parks. Ecom Express has leased over 4 lakh sqft of warehousing space in the logistic hubs of Bhiwandi, in Maharahstra, and Farukhnagar, in Haryana, from Welspun One Logistics Parks, it said it in a statement issued here. “Through this deal, Ecom Express will add to its existing warehousing inventory in these strategic markets, built specifically to meet their needs whilst at par with global ‘Grade A’ standards,” it said.
According to the deal, Ecom Express has leased the warehousing spaces for a term of 9 years at both the parks, in two separate transactions and these projects are expected to go live by the second half of 2022. Bhiwandi and Farukhnagar are both thriving logistics ecosystems servicing the consumption centers of MMR and NCR respectively, the company said. “Our association with Welspun One Logistics Parks in both Bhiwandi and Farukhnagar will see us bolster our logistics services across the country. With this partnership, we will take a step closer to our vision of a deep-reach strategy catering to diverse consumer markets in the pocketed regions of the country using innovation and end-to-end tech-enabled logistics solutions,” Ecom Express CEO & Co-founder A Krishnan said. Commenting on the development, Anshul Singhal, Managing Director, Welspun One Logistics Parks said, “Our partnership with Ecom Express, at our Bhiwandi and Farukhnagar parks, is a step towards creating a true value add to our clients business propositions.”