Ecom Express leases 2 facilities from Welspun at Bhiwandi, Farukhnagar
Ecom Express has leased the spaces for 9 years and these are expected to go live by the second half of 2022.
Ecom Express has leased over 4 lakh sq ft of warehousing space in the logistic hubs of Bhiwandi and Farukhnagar from Welspun One Logistics Parks — an integrated fund, development and asset management platform.
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.
"Both locations will be designed by Welspun One to ensure maximum throughput efficiency in addition to 100 percent compliance to norms and stringent safety standards. Both parks are equipped with amenities and utilities to suit the requirements of new age logistics businesses with technology backed solutions towards traffic and parking management along with being a zero-discharge facility," reads the release.
Ecom Express is a rapidly growing tech-enabled logistics solutions company in India operating over a network of 2700+ towns. The company's full-state coverage strategy in 25 states enables it to reach every doorstep in each city, town and village in the state. The company has established its presence in the industry due to a differentiated business model which is built on delivery service capability, scalability, customization and sustainability. Ecom Express uses its cutting-edge technology and automation solutions to enable first-mile pickup, sorting, intra-state/city connections and last-mile delivery for the e-commerce industry.
T. A. Krishnan, CEO & co-founder, Ecom Express said, "The current situation has brought a dramatic and lasting change in consumer behaviour, with purchasing preference shifting towards online retail and further accelerating the demand for logistics infrastructure. Our association with Welspun One Logistics Parks in both Bhiwandi and Farukhnagar will see us bolster our logistics services across the country."
"In addition to that, the facilities being built with leading-edge technology will foster efficiency in our operations. 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,'' he added.
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. In an environment where the Indian logistics and warehousing sector is experiencing greater demand and increasing modernization, we want to be the most preferred warehousing provider for our clients."