The Indian warehousing and logistics sector is on the threshold of major transformation. Increasing competition and the introduction of global best practices are compelling businesses to re-think the importance of warehousing and its impact on supply chain efficiencies. In this Cargo Connect special feature, Anshul Singhal CEO, Embassy industrial Parks discusses some of the challenges facing the sector.
30th October, 2016
Article first appeared on Cargo Connect, written by Joydeep Banik
“The total warehousing space requirement in India is expected to grow at a CAGR of 9% from 919 million sq. ft. in 2014 to 1,439 million sq. ft. by 2019.
Real estate players are nowadays beginning to focus on warehousing pinning high hopes on the implementation of the Goods and Service Tax (GST), boom in the e-commerce industry, and a spurt in manufacturing activities on account of the recently launched “Make in India” campaign.
With real estate developers, high net worth individuals (HNIs) and private equity funds planning to invest in the ware housing sector, this is the most cruicial reality check.”
