Swedish fashion brand H&M is reportedly mulling its first warehouse in Bhiwandi Maharashtra, India, for which it will lease 2.75 lakh sq. ft. of space. Currently, the retailer operates a warehouse in New Delhi through third-party logistics firm Geodis. Present across 63 countries, H&M is the world’s second largest apparel retail chain after Spanish clothing company Inditex, the parent firm of Zara.
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Entered India in 2015, H&M is in a progressive discussion with Mumbai-based Prakhhayat Infraprojects Pvt. Ltd., which operates the 150-acre K. Square Industrial Park at Bhiwandi.
Most manufacturing firms are looking for huge space for larger warehouse space in the country given that Goods and Services Tax is expected to be rolled out soon. The demand is only likely to grow after GST as a unified tax structure makes bigger warehouses economically viable. At present, the demand for warehouses is driven by the manufacturing sector, followed by brick and mortar retailers and e-commerce firms.
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Some other companies which have warehouses in the vicinity includes e-commerce firms Flipkart, Amazon and logistics firm DHL Express.
