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Jabil picks up 4.1 lakh sq ft warehouse in Pune on 10-year lease
The Economic Times· 2026-02-04 18:31
Group 1 - Jabil Inc has signed a long-term lease for over 413,287 sq ft of warehousing space in Pune, indicating a commitment to its manufacturing and supply chain operations in India [1][6][8] - The lease agreement includes a monthly rent of over Rs 94.84 lakh and a security deposit of approximately Rs 5.39 crore [1] - The long tenure of the lease reflects Jabil's strategy to establish a stable operational base in response to increasing demand from global OEM clients and supply chain diversification towards India [2][6] Group 2 - The transaction is part of a broader trend where global manufacturing firms are expanding their presence in India due to supply chain diversification, rising domestic consumption, and supportive local manufacturing policies [6][7] - Jabil is preparing to expand its production capabilities in India, particularly for Apple's AirPods enclosure, as part of its strategy to diversify manufacturing beyond China [5][6] - The growing trend of large, long-term leases for industrial and warehousing assets is driven by occupiers seeking operational certainty and scalability in their operations [7]