Stellar Value Chain sets up 2 million sq ft warehouses in 5 new cities across India

The new built-to-suit centers will push the company’s warehousing space footprint to 14 million sq ft. These new warehouses have been set up to meet the rise in demand of the festive season sales in tier II cities. In addition to this, the company is also planning to soon start warehouses in Lucknow and Vijayawada.

Stellar Value Chain Solutions, a tech-driven third-party value-added warehouse and distribution service provider, has set up 2-million-sq-ft of warehousing operations in five new Indian cities including Surat, Nagpur, Indore, Raipur and Patna.

The new built-to-suit centers will push the company’s warehousing space footprint to 14 million sq ft. These new warehouses have been set up to meet the rise in demand of the festive season sales in tier II cities. In addition to this, the company is also planning to soon start warehouses in Lucknow and Vijayawada.

This is in line with the company’s goal to create a warehouse infrastructure of 50 million sq ft across India and a fleet of 50,000 trucks.

“The consumption story in India remains strong. The three sectors of our focus namely E-Commerce, Consumer, and Automotive are showing robust growth. Stellar is continuously building Grade A warehousing and logistics infrastructure in its pre-defined 21 cities of production and consumption to enable corporates to expand and grow with speed and agility with better service levels and lower costs,” said Anshuman Singh, CMD, Stellar Value Chain Solutions.

Stellar Value Chain Solutions already has a strategic presence across 21 centres in the country catering to 85% of India’s consumption and production requirement.

According to a report by the consulting firm Redseer, this year’s festive season is expected to bring in sales of $11.8 billion in gross merchandise value (GMV), which is up by 28% from last year. Net demand for warehouse space in 2022 is likely to be higher than in 2021.

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