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The Hindu
The Hindu
National
The Hindu Bureau

Warehousing transaction volume rose in Vijayawada to 1 mn sq ft in FY-23, says report

Vijayawada Knight Frank Knight Frank India Flipkart

In its India Warehousing Market Report-2023, Knight Frank India, an international property consultancy, stated that Vijayawada recorded warehousing transaction volume of 1 million square feet in financial year 2023-24 with a year-on-year growth of 22%. 

The city saw a significant growth from prominent Third Party Logistics (3PL) firms like Delhivery and ProConnect as well as traction from major e-commerce players like Ajio and Flipkart.

Knight Frank said Vijayawada was home to several businesses such as oil and chemicals, packaged food, automotive, and spare parts, and that e-Commerce made the largest contribution accounting for 62% of the total demand. 

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