EPACK Prefab, one of the fastest growing pre-engineered building solutions providers, has announced its strategic expansion into southern India’s growing warehousing sector. With the region’s retail and e-commerce sectors experiencing unprecedented success, EPACK Prefab is well positioned to meet the escalating demand for state-of-the-art warehousing facilities.
“The Make in India initiative and production-linked incentive schemes have boosted manufacturing in the country, creating more demand for storage. The retail and e-commerce industry, especially in Tier II and Tier III cities, has been growing consistently. Therefore, companies seek to quickly add and expand warehousing capacities using pre-engineered structures to cater to the swift rise in demand,” says Nikhil Bothra, director, EPACK Prefab.
EPACK Prefab has successfully constructed over 10 million square feet of industrial buildings and warehouses using pre-engineered structures worth Rs 7 billion. According to the company, the demand for pre-engineered buildings has particularly surged in the southern states. In addition to meeting this demand surge, the company is strategically expanding its production facility in Andhra Pradesh, Mumbattu area, to cater to the accelerating demand. EPACK Prefab currently operates two manufacturing facilities, in Rajasthan and Uttar Pradesh, boasting a total annual production capacity of 100,000 metric tonnes (mt) of prefabricated material. The addition of the new plant will double this capacity to an impressive 200,000 mt.
Bothra added, “The retail sector has shown the highest demand, with notable interest also coming from third-party logistics companies, fast-moving consumer goods and fast-moving consumer durables sectors. We have recently completed the warehouses for Hindustan Coca-Cola Beverages Private Limited and Value Spaces Logistics Private Limited. Other projects in southern India include various industrial projects for Dalmia Cement and a five-star hotel.”
According to Knight Frank‘s India Warehousing Market Report, 2023, there has been a rise in warehousing across eight primary markets and 17 other secondary markets. During 2022-23, the top eight markets experienced a historic high in demand, reaching 51.3 million square feet. Notably, Mumbai, Chennai, Visakhapatnam, Bengaluru and Kolkata witnessed a historically high volume of transactions during 2022-23.