LP Logiscience, the contract logistics and warehousing arm of the esteemed Liladhar Pasoo Group, and a trusted name in warehousing and third-party logistics (3PL) services, had a successful 2023 with expansion in tier 2 markets and growth in its service portfolio. In line with its strategic vision, in 2024, LP Logiscience is forging ahead with geographic expansion into tier two cities and new territories while intensifying its presence in existing markets such as Indore and Nagpur. This strategic approach not only broadens LP Logiscience’s reach but also strengthens its foothold in emerging markets, positioning the company as a formidable player in the logistics landscape.
According to a recent report, the Indian warehousing market is expected to grow at a CAGR of was15.64% during the 2022-2027 period, and will be valued at INR 1,206.03 Bn in 2021. The Indian warehousing sector witnessed significant growth and transformation in H1 2023, marked by a 35% YoY increase in total space take-up, reaching an impressive 19.1 million sq. ft. The 3PL (Third-Party Logistics) players continued to be the driving force, contributing to about 43% of leasing activity, YoY. With the government focus on positioning India as a global manufacturing and logistics hub, several polices have been recently implements, including access to FDI, push for digital enablement, implementing standardized warehouse practices, prioritizing green logistics initiatives, investing in capacity building and skilling, and facilitating seamless inter-modal freight transportation. In line with this, the sector is poised to leverage the estimated $10 billion USD investments in the warehousing and logistics sector, collectively driving transformative changes and promising growth within India’s logistics industry.
Leveraging this productive business environment, as a warehousing and 3PL service provider, LP Logiscience aims to utilise its expertise and cutting-edge infrastructure to deliver comprehensive solutions tailored to the unique needs of its Indian and international clients. Speaking about the expansion plans, Mr Varun Gada, Director, LP Logiscience, said, “Our ongoing expansion underscores our commitment to meeting the escalating demands of our domestic and International clients. We are focussed on not only delivering seamless operations but also upscaling our solutions to meet the global standards in sustainability and smart tech enabled processes that will further help us drive growth and achieve our business goals. The Indian logistics and 3PL sector has recently witnessed some milestone policies that are playing a crucial role in accelerating the growth of the sector and we at LP Logiscience aim to leverage that and do our bit in national vision of becoming a global hub for logistics. With a clear focus on efficiency, reliability, and innovation, we at LP Logiscience continue to meet new standard for excellence in warehousing and logistics services, driving growth and success for businesses across various industries.”
LP Logiscience, a division of the esteemed Liladhar Pasoo group, has steadily evolved since its establishment a decade ago, growing at an impressive rate of 20% – 25% year over year. With a robust business model supported by advanced technology, LP Logiscience offers customized and flexible warehousing solutions. The company is also committed to introducing sustainable practices for energy and resource optimization, including plans for an electric vehicle fleet for distribution. In the past two years, the company registered growth across some of its key warehouses in Delhi NCR, Indore, Chennai, Nagpur, Mumbai (Bhiwandi) and Ahmedabad. LP Logiscience’s unwavering commitment to expansion, coupled with its reputation for excellence in warehousing and 3PL services, underscores its position as a frontrunner in the logistics industry. As LP Logiscience continues to contribute to India’s thriving warehousing sector, it remains dedicated to transforming the logistics industry, setting new standards, and driving positive change in the world of warehousing and logistics.
