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foxnangelseo · 3 months

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Foxconn's $500 Million Investment in India Strengthens Manufacturing Landscape

Introduction:

In a bold move that strengthens India's position as a key player in the global manufacturing arena, Foxconn, the prominent Apple contract partner, has announced a substantial investment of $500 million in establishing manufacturing plants in Telangana, a southern Indian state. This strategic decision marks another step forward in Foxconn's expansion plans within the flourishing South Asian market, showcasing its confidence in India's potential as a manufacturing powerhouse. With Prime Minister Narendra Modi's push for local manufacturing, Foxconn joins other major players like Wistron and Pegatron, lured by financial incentives and a vast consumer base. This blog explores the implications of Foxconn's investment, the growing interest from Apple's manufacturing partners, and India's ascending status in the global manufacturing sector.

Foxconn Expands Manufacturing Footprint:

Building on its existing presence in India, Foxconn has been producing iPhones in the country since 2006. Winning the bid to manufacture AirPods earlier this year has further solidified their commitment to the Indian market. The $500 million investment in Telangana will pave the way for establishing new manufacturing plants, leading to the creation of approximately 25,000 direct jobs in the initial phase alone. This move highlights Foxconn's recognition of India's potential as a hub for mid-to-high-end products, aligning with the preferences of its clientele.

India's Favourable Factors:

India's favorable factors, including Prime Minister Modi's initiatives to boost local manufacturing, have attracted significant investments from global players like Foxconn. The country's population of 1.4 billion presents a huge consumer market, providing significant growth opportunities for manufacturers. Foxconn's chairman, Young Liu, expressed the company's confidence in India's competitive advantages, such as skilled labor, a well-established supply chain, and efficient logistics. Recognizing the potential for increased production yields, Foxconn aims to capitalize on India's advantages while continuing to expand its assembly and component operations in the country.

Apple's Expanding Manufacturing Infrastructure:

The growing interest from Apple's manufacturing partners in India coincides with Apple's strategic plans to diversify its manufacturing infrastructure beyond China. As part of this endeavor, Apple opened its first two retail stores in India recently, signaling a stronger presence in the country. In line with this trend, JP Morgan analysts predict that Apple could increase its iPhone manufacturing capacity in India to account for 25% of total iPhones produced by 2025. This expansion is a testament to India's attractiveness as a manufacturing destination and its potential to meet global demand for Apple products.

India's Rising Prominence in Manufacturing:

The investments from major manufacturing players like Foxconn, Wistron, and Pegatron underscore India's rising prominence in the global manufacturing sector. With government incentives, a vast consumer base, and favorable labor costs, India has become an attractive destination for companies looking to establish production facilities. By strengthening its manufacturing ecosystem, India aims to reduce its dependence on imports and foster domestic production, contributing to economic growth and employment generation.

Conclusion:

Foxconn's $500 million investment in manufacturing plants in Telangana bolsters India's position as a major player in the global manufacturing landscape. With an already established manufacturing presence, Foxconn's expansion further enhances India's appeal to other companies seeking to capitalize on the country's vast consumer market and favorable manufacturing ecosystem. As Apple and its manufacturing partners set their sights on India, the country's potential as a manufacturing powerhouse continues to grow. With Prime Minister Modi's focus on local manufacturing and initiatives to attract foreign investment, India is well-positioned to become a leading hub for mid-to-high-end product manufacturing.

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indiaindex3 · 5 months

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Apple's Strategic Move: Shifting iPhone Manufacturing to India - What It Means for Tech and Beyond

In a significant strategic move, Apple has set its sights on India to amplify iPhone production, marking a shift away from China amidst global concerns about supply chain reliability. Piyush Goyal, the Minister of Trade and Industry, envisions India as the manufacturing ground for a remarkable 20% of all iPhones by 2026.

Apple Inc: From Tech Diversification to iPhone Dominance While renowned for its diverse technological offerings encompassing electronics, software, and online services, Apple Inc. has seen its flagship product, the iPhone, emerge as a market leader in the past decade.

Rethinking Manufacturing: The Pandemic's Eye-Opener For years, Apple centralized its iPhone manufacturing in China. However, the pandemic highlighted the vulnerabilities of depending solely on one manufacturing hub. China's stringent COVID-19 measures disrupted factory operations, triggering concerns among global companies about China's ability to sustain its export capabilities. Consequently, as early as 2020, Apple's manufacturing partners began devising strategies for iPhone assembly in India, enticed by the region's lower labor costs.

Navigating Challenges Amidst China's Policy Shifts Challenges persisted despite China's shifts in COVID policies, transitioning from "Zero COVID" to "Living with COVID" in 2022. Instances like the Foxconn employee revolt in Zhengzhou led major players like Foxconn, Pegatron Corp, and Wistron Corp to seek incentives to relocate iPhone production to India. This relocation saw India's iPhone exports double between April and November 2022 compared to the preceding fiscal year.

India's Prominence in Apple's Strategy

Aligning with Minister Piyush Goyal's vision, Apple aims to establish a substantial iPhone manufacturing and assembly foothold in India by March 2026. Pegatron's recent announcement to manufacture iPhone 14 headsets in India further cements this strategic direction.

Transitioning Hurdles: Infrastructure and Supply Chain Disruptions Transitioning from China to India presents hurdles. India lags in infrastructure and manufacturing expertise compared to China. Moreover, disrupted global supply chains complicate the sourcing of assembly components, compounded by intricate customs procedures. Finance Minister Nirmala Sitharan's proposed relief on customs duties for essential components reflects an effort to bolster domestic value addition in mobile phone manufacturing.

Anticipated Impact: Apple's Investment in India

Apple's foray into India foresees a positive impact, with expectations of job creation, economic upswing, and the attraction of other global businesses. This strategic move positions India as an up-and-coming hub for global manufacturing, solidifying Apple's footprint in the region.

This blog post encapsulates Apple's transformative decision to shift iPhone production to India, outlining the challenges, strategic implications, and broader impact on India's manufacturing landscape.

#b2b ecommerce #supplychainmanagement #indian supply chain #b2b services

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762175 · 1 year

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Apple Manufacturing India Jobs Created India PLI Scheme Foxconn Wistron Pegatron

Apple’s manufacturing ecosystem has created close to 50,000 direct jobs in India since the smartphone production-linked incentive (PLI) scheme became effective in 2021, says a report by The Economic Times, citing government officials. Apple’s component suppliers and contract manufacturers like Foxconn, Wistron and Pegatron have also collectively created 100,000 indirect jobs, apart from creating…

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tyonayoniisblog · 2 years

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Chapt 1 Fieldwork- Tyona Bryant

The Iphone 13 pro max idea has developed over the years. As time went by the consultation of this iphone has been discussed carefully to make it different from the other generations of iphones. The history of it starts with 3 men. Steve Jobs,Steve Wozniak,and Ronald Wayne. Apple was founded in Los Altos CA in the year of 1976. However the current CEO is Timothy Donald Cook who was recently recruited by Steve Jobs to be a part of Apple. “Tim Cook is the CEO of Apple and serves on its board of directors”(Apple 1). The 1st apple product created was the Apple computer 1. “It was designed and hand-built by Apple co-founder Steve Wozniak…[and] went on sale in July 1976 priced at $666.66 selling around 175 units in 10 months”(Gibbs 1). Apple has tremendously developed from 1976 to now. For example, the Iphone 13 pro max has made a “solid growth of 8% and 56.5 million units shipped”(Gallager 1).

Where was the Iphone 13 Pro Max manufactured

According to Reuters, the Iphone 13 Pro Max was manufactured “at a local plant of Apple's Taiwanese contract manufacturer…[ where it was] situated in the town of Sriperumbudur in Southern Tamil Nadu state”(Segar 1). The top selling of the iphone 13 is coming from India according to an article written by Ben Lovejoy. This author says,“Iphone production in India grew 50% year on year in the first quarter of 2022”. Sources say the reason for Apple to manufacture the Iphone 13 in India was because of local customers(Business Today 1). According to this article called Business Today, “Apple began manufacturing iPhones in India in 2017 with iPhone SE and currently manufactures models including iPhone 11, iPhone 12 and iPhone 13. Experts feel that Apple may surpass its existing record of iPhone sales in India with iPhone 13 production and iPhone 12 production at Pegatron”(Business Today 1).

What impact does the item have on your life

The impact that the Iphone has on my life is positive and negative. The negative aspect of it is that I have gotten so caught up in my phone that I didn't realize what the world was offering me. Studies show that a person can develop Phantom vibration syndrome which is basically hearing your phone buzz when it isn't(Allen 1). I have developed that in a way and it has affected my attention task. The positive impact is that it is a way of my communication, organizing my life, and storing memories that can't be erased. Having this phone allows me to work from home or even take on college classes which is beneficial to my scheduling. The Iphone has programmed apps that help organize events and important stuff that needs to get done in my life and lastly the camera. One shot can tell a whole story. Having a high quality camera like the Iphone 13 helps me remember the fun and meaningful things I've done in my life.

Who is involved in making the iphone and what is life for them

The Iphone 13 Pro Max was created by Apple. It was designed and marketed by Apple Inc. However the face of Apple Inc. is Tim Cook who is the current CEO of Apple. He is currently the board of directors for Apple. In a article it explains that , “ Cook doesn't like engaging with the media unless it's on official Apple business….[and] and claims to get out of bed at 3:45 am each morning. After waking, he likes to get into it straight away. He'll sit down and start going through the 700+ emails in his inbox before hitting the gym at 5 am”(Finty 1). Tim has worked hard to keep Apple alive and productive and one of his main concerns is that he “ worries that a slow loss of privacy in today's world will gradually train people and coerce them into acting differently as they adjust to a new normal”(Boxberger 1). Overall time life is very productive and is motivated to come up with new ideas to sell to his customers.

Citations

“Apple Leadership - Tim Cook.” Apple, https://www.apple.com/leadership/tim-cook/.

Gibbs, Samuel. “Apple's Six Defining Products - in Pictures.” The Guardian, Guardian News and Media, 2 Aug. 2018, https://www.theguardian.com/technology/gallery/2018/aug/02/apples-six-defining-products-in-pictures.

Gallagher, William. “Only IPhone Sales Rose Last Quarter, All Other Smartphones Fell.” AppleInsider, AppleInsider, 29 Apr. 2022,

Person. “Apple Starts Manufacturing IPhone 13 in India.” Reuters, Thomson Reuters, 11 Apr. 2022,

Lovejoy, Ben. “IPhone Production in India Grows by 50% as IPhone 13 Joins Lineup.” 9to5Mac, 27 Apr. 2022,

“Apple IPhone 13 Manufacturing Begins in India: All You Need to Know.” Business Today, 11 Apr. 2022,

“What Is Phantom Vibration Syndrome?” Ivan Allen College of Liberal Arts.

“Tim Cook – the Daily Routine of the Apple CEO.” Finty

Boxberger, Darryl. “Tim Cook Is Concerned That Slow Erosion of Privacy Is a Big Danger.” AppleInsider, AppleInsider, 7 June 2022

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2300nick · 2 years

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iPhone 13 Product Analysis

The first ever iPhone was released to the public in June of 2007. At the time, Steve Jobs described it as a revolutionary and magical product that was five years ahead of any other mobile phone. The iPhone is manufactured in China, but, while several Asian countries assemble the iPhone, the phone is mostly assembled in China. My phone has impacted my life in a number of different ways. With my phone i can read books, listen to music, take pictures, watch videos, play games, create and edit documents, get a medical opinion etc. The iPhones components are manufactured by companies all around the world but are ultimately sent to just two companies to assemble into iPods, iPhones, and iPads. The two companies are Foxconn and Pegatron, both of which are based in Taiwan.

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uniquejobs · 9 months

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Pegatron Latest Job Openings | Best Company Jobs 2023

Introduction Pegatron Latest Job Openings: Pegatron has Published a notification for the vacancy of Production, QC & Process The educational qualification required to apply for this Pegatron is Diploma & Degree Interested and eligible candidates can apply for Pegatron Latest Job Openings. There is enough time to apply for any job. Read Pegatron Company jobs date, last date to use, and full…

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topxrpdapp1971kh-blog · 4 years

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Foxconn won 70% of new iPhone assembly orders!

China Semiconductor Forum Revitalize the household semiconductor industry! On July 28, according to Taiwan media reports, Apple's fresh iPhone shipments may be delayed. Market insiders think that Hon Hai's functionality in the second half of the year will squat first and then leap. Increased by a lot more than 60%, striking a historical single-season high. Looking ahead to Hon Hai's working performance in the second fifty percent of the year, industry insiders remarked that although the launch of the new iPhone could be delayed, it is expected that Hon Hai can still take over 70% of the brand new 5G iPhone assembly orders. Included in this, Hon Hai can be the special assembly OEM provider for the brand new 6.7-inch 5G iPhone. The 6.1-inch model assembly OEM accounts for a lot more than 70%, and it will share the assembly orders with Pegatron for the 5.4-inch model. Furthermore, Check Their Website insiders also remarked that in addition to the brand-new iPhone, sales of Japanese game consoles may also rebound strongly in the fourth one fourth, which can only help Hon Hai's fourth one fourth operations to cultivate significantly. Looking forward to this year, market insiders estimate that Hon Hai's efficiency this year has a chance to exceed NT$5.2 trillion, net income after taxes will exceed NT$101 billion, and net profit per share will exceed NT$7.3. Prior to this, Luxshare Accuracy acquired Wistron to enter the iPhone assembly foundry business, which is thought to have a certain effect on Hon Hai. However, these industry insiders pointed out that Hon Hai still has advantages in casing and packaging technology capabilities. It's estimated that from this year to next 12 months 2021, Hon Hai will still account for a lot more than 70% of iPhone assembly orders, in fact it is the main supplier of iPhone assembly foundry. stable. Supply chain sources have revealed that because of production delays due to the ongoing public wellness crisis, Apple's iPhone product start this year could be delayed and is expected to end up being launched at the end of October. According to some other media reviews, there were several rumors suggesting that the apple iphone will undoubtedly be delayed, but Apple may still launch almost all iPhones in September, but most people think that the iPhone's real shipping time will likely be later on than expected. We have been the primary maker to revitalize the domestic chip industry! Recommend to check out Pinterest END The hottest micro-community platform in the semiconductor industry! Collect 1 million IC practitioners! Recruitment, information, purchase, expert opinion! Scan BlockchainLink to enter the micro community China Semiconductor Forum Line Group 1. Line band of emerging companies: * Yangtze River Storage Line Group * Chengdu GF Range Group * Hefei Jinghe Collection Group * Fujian Jinhua Range Group * TSMC Nanjing Range Group 2 6. Wuxi Huahong Line Group 2. Professional Collection Group Semiconductor professional group 1/2/3/4/5/6/7... Main career exchanges, job search/recruitment. At the moment, the HRs in the team consist of TSMC HR, Xi'an Samsung HR, SMIC HR, Wuhan Xinxin HR, STMicroelectronics HR, Hua Honghongli HR, Dalian Intel HR... 3. Regional Line Group * Jiangsu, Zhejiang and Shanghai Semiconductor Group * Beijing Semiconductor Group * Shenzhen Semiconductor Group * Xi'an Semiconductor Group * Wuhan Semiconductor Group * Dalian Semiconductor Group * Chengdu Chongqing Semiconductor Group * Hefei Semiconductor Group * Xiamen Semiconductor Group * Taiwan Semiconductor Group * Singapore Semiconductor Group 4. Industrial Line Group * Semiconductor Design Group * Semiconductor Manufacturing Group * Semiconductor product packaging and testing group * Semiconductor gear EE group * TSMC Nanjing Collection Group * Semiconductor EHS Group * Semiconductor factory program group * Semiconductor lithography (Image) group * Semiconductor LED group * Semiconductor etching (Etch) group 80,000 folks are in the group, and all Line groups are open for free! Combine group steps: Step one 1: Scan the BlockchainLink below and follow China Semiconductor Forum LinePinterest. Step two 2: Answer "add group" inside Pinterest and follow the prompts. * Recommended by Semiconductor Pinterest * Breaking the news�USubmission�UCooperation�UCommunity The content of the article is organized from the web, if there is any infringement, please e mail us For submission or business cooperation, please get in touch with iccountry Paid news breaks, please add Line iccountry

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collegeloading849 · 2 years

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mille-viae-blog · 2 years

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Day began at 1300.

Visited mum and dad, gave mum her 35th anniversary gift. E got her a pandora bracelet and charm. While we watched travel videos on Youtube, we all spoke about plans to travel to Japan again this year, possibly in the fall.

Cleaned the fishtank at E’s request. It is much cleaner now. I would really like to make an Aquascape one day. Better yet, build a business around it. That would be good for the soul.

Wasted the rest of the day on TFT.

Visiting Aunty H tomorrow, she will be making her laksa that E likes.

Why does my sister have to be the way she is? She’s so... I don’t even know how to describe her behaviour. I suppose, selfish?

Will apply for more jobs tomorrow, Pegatron doesn’t pay enough.

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macnews-org · 3 years

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Foxconn and Pegatron increasing bonuses to recruit workers for iPhone 13

Both Foxconn and Pegatron are offering substantial bonuses to help recruit workers for iPhone 13 production, according to a Taiwanese report. Both companies are offering recruitment bonuses worth well over a month’s average salary, with additional bonuses offered to employees who introduce friends who then accept jobs there … more… The post Foxconn and Pegatron increasing bonuses to recruit…

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grahamperryondisputeresolution · 3 years

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MORE ON CHINA + TAIWAN

https://grahamperryonchina.com/?p=1995 MORE ON CHINA + TAIWAN - GOOD MORNING FROM LONDON #205 In my post 202, I drew attention to the decision by the Taiwan Semiconductor Manufacturing Co (TSMC) to invest $2.8bn in installing new production lines in Nanjing, China to increase the production of semiconductors in automobiles. Today Nikkei Asia reports that Taiwan has instructed staffing/job vacancy companies “to remove all listings for jobs in China”. This also applies to iPhone assemblers – Foxconn + Pegatron. Violation brings heavy fines. China is building up its semiconductor industry which has intensified demand for Taiwanese engineers. Politicians have one policy – Isolate China. Businessmen + technical staff have another policy – More With China. Geo-political moves led by the US-run counter to the commercial priorities of the people. That is the reality. And that is why, eventually, cooperation will replace confrontation + the World will benefit. The Taiwan labour force wants to go to China. - #biden #blinken #politics #prosperity #thucydidesprinciple #worldcooperation #xijinping #yangjiechi - https://grahamperryonchina.com/?p=1995

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koliasa · 3 years

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Pegatron, Tata to set up Apple products manufacturing plants in Tamil Nadu; jobs likely for 32,000 people

https://tinyurl.com/y2fhu7n6 Pegatron, Tata to set up Apple products manufacturing plants in Tamil Nadu; jobs likely for 32,000 people - https://tinyurl.com/y2fhu7n6 CHENNAI: Tamil Nadu is set to start 2021on a positive ...

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uniquejobs · 9 months

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Pegatron Job Vacancy in Mahindra City | Best Walk-In Interview 2023

Introduction – Pegatron Job Vacancy in Mahindra City Pegatron Job Vacancy in Mahindra City: Pegatron has Published a notification for the vacancy of Trainee The educational qualification required to apply for this Pegatron is Any Degree. Interested and eligible candidates can apply for the Pegatron Job Vacancy in Mahindra City. There is enough time to apply for any job. Read Pegatron’s date,…

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laxmibalaji · 4 years

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Warehousing plays an important role and is a fundamental part of the transportation of goods in the infrastructure of the business. It collectively helps in building robust economies for the procurement, distribution, and manufacturing of services. There is a growing tide in the industrial and warehousing sector of India due to increasing demand in the e-commerce companies, manufacturing, and third-party logistics (3PL). Heavy industries occupiers such as the aerospace sectors, automotive, and auto ancillary often spend, INR 28-35 per sq foot per month on leasing the facilities of warehousing for meeting their specific requirements. There is growing importance on the warehousing rent, which accounts for 10 – 15% of total logistic cost along with the optimization of customer services, transportation cost, packaging, inventory management, and handling.

According to property consultant CBRE, India records a growth of 31 percent crossing 13 million sq ft every year in the leasing of warehousing. Leasing activity of more than 60 percent got contributed by Mumbai, Chennai, and Bengaluru. The growth in warehouse leasing has also led to the growing demand in the manufacturing sector, which further creates additional jobs in infrastructure, customer services, real estate, and the retail sector.

Warehousing leasing for spaces consists of rented buildings commercial space used for business, ports or harbors of the Government or state which is common in emergencies, warehouses of pre-fabrication with no availability of permanent structures and is common practice in emergencies, transit for the different locations destined goods temporary storage for a short time, organization owned and managed space, bonded warehouses for unpaid duty storage of goods which are destined to another country, Open storage which is not ideal for emergencies, sometimes the only alternative for perishable products, and bonded warehouses pre-positioned stock and for quick sport can sometimes be stored for long periods.

Driving Force behind Warehousing Demand

The Indian warehousing and industrial sector are getting benefits from various policy initiatives of the Government such as evolving patterns in consumption, implementation of Goods and Services Tax, dynamics in global trade, and Make in India program.

Modernization of Warehousing facilities due to GST– Tax consolidation across states due to the implementation of GST has enabled companies for setting up a very efficient distribution network. Now, development is taking place for the making of extensive and centrally located warehousing facilities by companies. Hence, the hub-and-spoke model will become more prevalent in the future.

E-commerce development with a large consumption market– The warehousing demand by e-commerce sectors is mostly visible from the significant investment made by Amazon and Flipkart. In recent years, there are more e-commerce portals like Amazon and Flipkart with a vast and growing demand for warehouses. They pick up the products from the sellers and take them to the warehousing facilities, known as the fulfillment centers for sorting and packaging the goods.

Make in India Program– Multinational companies are keen on expanding their manufacturing footprint due to which India is gaining prominence as a manufacturing hub. The campaign, Make in India which started initially in 2014 by the Indian Government gave initial impetus for investment attraction in the sector of manufacturing. Positive results are seen in the form of many multinational companies such as Xiaomi, Apple, Lockheed Martin, and Samsung setting up their bases in India.

Evolving global trade dynamics– India has been the source of attraction as a manufacturing hub for the last few months due to the ongoing trade tensions between China and the US. India is evaluated and seen as an alternative to the many multinational manufacturing companies like Honda Motor Company, Foxconn, Hyundai Motor Company, Pegatron Corporation, Volkswagen, and Winston Corporation.

Warehouse Leasing in Chennai for Industrial and Commercial Purposes

Traditionally, Chennai, an industrial town gives primary importance to the manufacturing of automobile and IT hardware. Chennai solidified as one of the major manufacturing hubs of India due to advantages such as rail network, ports, and robust road. Chennai from the early 1990s has the established presence of automobile manufacturers such as Hyundai and Ford Motor. The logistics market of Chennai is also growing as companies are looking for future expansion through the exploration of leasing logistics spaces, which is good quality. There is also an increased supply of industrial and commercial real estate infrastructure and good quality warehousing in Chennai. Knight Frank India, who is a global real estate consultancy, launched India Warehousing Market Report 2020. The report states a leasing activity of a warehouse of 3.4 mn sq ft and a 22% robust compounded annual growth rate is seen in Chennai in the Financial Year, 2020.

Manufacturing Hub has had stimulated the facilities of warehousing requirements that developed on and around the highways of four avenues that came out from the center of Chennai such as the GNT Road (Kolkata highway, NH 16), Poonamallee High Road (Bengaluru highway), and the Chennai Thiruvallur Road (MTH Road) toward the north, the Grand Southern Trunk Road (GST Road/ NH 32) towards the west. Chennai’s activity regarding warehousing is currently concentrated from the city center between 40 to 60 km in a location such as Periyapalayam in the north and Thiruvallur, Oragadam, Mappedu, and Sriperumbudur in the west. There are two major warehousing clusters in Chennai. The western locations constitute one cluster known as the Sriperumbudur-Oragadam cluster, and the northern areas form one cluster, known as the NH 5 – Periyapalayam warehousing cluster. The western locations primarily fulfill the Auto and Auto Ancillary industry requirements, and the eastern areas meet the FMCG sector company’s needs.

Chennai’s Real Estate and its trends

There was a fall in the growth of the real estate of Chennai. However, the state bypassed and overcame the economic slowdown. According to the report from Knight Frank India, the country saw a growth of 6% year-on-year rise in Home Sales and 0.1 mnsq m (1.5 mnsqft) of new supply in office transactions. The primary trends providing most of the impetus to sales are ready to move-in-homes and affordable housing. Accordingly, it also encouraged the builders for the planning of new projects.

The latest trends in Chennai in the real estate for development are the co-working spaces in which more than 13 million people in India work. The leasing also jumped five-fold in co-working spaces from 2% in 2017 to 10% in 2018. Rapidly increasing expansion of industries and subsequent commercial activity supports and drives the real estate market of Chennai. The development of North and South Chennai will further boost real estate demand. Preference in co-living spaces that have good accommodation facilities but are inexpensive and lacking interest in the responsibilities of homeownership.

Chennai at present is also having a high demand for large business parks and sharing paces. The commercial real estate needs a transformation due to the reshaping of office space work culture and requirements by the Corporate and MNCs. There was widespread anticipation that there would be a significant decline in the office spaces after March. However, this is so not the case, according to the Vice –Chairman of Anarock Property Consultants, Santhosh Kumar. He said that everyone changed their business strategies after adjusting to the new realities.

Customer Experience as a Strategy

Customer experience plays a significant role in the owner-operator committed to enduring relationships. Highest quality logistics real across should be provided to the customers across the globe along with helping them in the operation of their cost-effectively, continuously, and efficient facilities. One of the most significant aspects of leasing industrial logistic properties companies is operational continuity. Hence, there should be the availability of 24*7 customer support for keeping the smooth running of logistics facilities. Performance of a wide range of services for ensuring that the customer’s lease is ongoing with an efficient operation like quickly responding whether the big or small needs of the customers and spend countless hours corresponding and meeting with customers and vendors. Another important necessity for maintaining a good customer experience is partnering with real estate agents across the globe for helping the clients in their exemplary service in executing strategies of real estate.

Warehousing Leasing and Inventory Management

The basic principles guiding the inventory management in the warehousing leasing are procedures for inbound receipt planning; outbound delivery procedures; and storage formalities such as occupational health and safety, inventory control, and location management. Timely inventory management along with time saving and efficient handling system and efficient mode of transportation optimized 80% of the logistic cost. The procedure for inventory management is acquisition, valuation, issuance, transfer, counting and reporting, disposal, handover and return, request, and closure of field offices. Each organization’s offices should have correct, adequate, and updated inventory records. There is proper documentation of all the inventory transactions and also the submission of a sufficient audit trail.

Conclusion

Thus, there is the enormous capacity of India, especially the fastest developing cities for attracting investments of large scale into the warehousing and industrial sector. It is even especially significant in the present times since companies are considering the supply chains shifting to India from China. Chennai may observe a massive growth in the real estate and warehousing sector after Bengaluru as it already has a healthy supply and demand for the warehousing sector, commercial and industrial spaces.

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