Panattoni's India First Project of Warehouse in Delhi-NCR

Panattoni is set to make a substantial investment exceeding 100 million Euros in India by the conclusion of the upcoming financial year. The US-based company has initiated its foray into the Indian market with the acquisition of 18 acres of land along National Highway 352 (formerly NH-71) in the Delhi-NCR region.

Surrounded by the warehousing hubs of Luhari and Farrukhnagar, the initial phase of the project spans 717,000 sq. ft., with a potential built-up area of 360,000 sq. ft., slated for completion by January 2025. The primary focus of Panattoni's endeavors in India will be on key cities such as Bengaluru, Pune, Chennai, and Delhi-NCR.

As part of its expansion strategy, the company aims to increase its land holdings in the same vicinity. The industrial park project is strategically positioned to benefit from its proximity to major retailers, third-party logistics (3PL) providers, e-commerce entities, and industrial occupiers.

Panattoni's approach involves catering to e-commerce clients initially, followed by collaborations with light industrial manufacturing companies, as it seeks to establish and broaden its network across the country. The company's development plans include the creation of warehousing and industrial facilities spanning 30 to 200 acres in major cities.

Operating under the umbrella of the Global Panattoni Group, Panattoni India Development is an integral part of the organization, which boasts a global presence with offices in 36 locations across Europe, India, and around the world, totaling 53 offices in its network.

News by Rahul Yelligetti