India (Commonwealth Union)_ In five new Indian cities, Surat, Nagpur, Indore, Raipur, and Patna, Stellar Value Chain Solutions, a tech-driven third-party value-added warehouse and distribution service provider, has established 2-million-sq-ft of warehousing operations. The company’s storage area footprint will increase to 14 million square feet thanks to the new built-to-suit centers. These additional warehouses were built to accommodate the increased demand brought on by the holiday season sales in Tier II cities.
The Indian consumer narrative is still strong. Our three target industries e-commerce, consumer goods, and automotive are all growing quickly. In order to help corporations, expand and grow quickly, nimbly, with higher service levels and cheaper costs, Stellar Value Chain Solutions is constantly developing Grade A warehouse and logistics infrastructure in its pre-defined 21 cities of production and consumption. 85% of India’s consumption and manufacturing needs are already being met by Stellar Value Chain Solutions’ strategic presence throughout 21 centers in the nation. “India’s consumer narrative is still going strong. The three industries we are concentrating on e-commerce, consumer goods, and automotive are all growing quickly. In its identified 21 locations of production and consumption, Stellar is continually constructing Grade A plus warehouse and logistics infrastructure,” the chairman and managing director of Stellar Value Chain Solutions Pvt Ltd, Anshuman Singh, remarked.
This year’s holiday season is predicted to generate sales of USD 11.8 billion in gross merchandise value (GMV), up 28% from last year, according to a forecast by the consulting firm Redseer. According to research by the consulting company Redseer, sales over the holiday season are predicted to total $11.8 billion in gross merchandise value (GMV), up 28% from the previous year. The net demand for warehouse space in 2022 is probably going to increase from 2021.
