The surge in commodities and retail operations is poised to elevate the Indian warehousing sector, leading to an astonishing annual growth rate of 35% to 40%. This remarkable trajectory could position the industry as a whopping fifty-five billion dollar sector within just three years.
By then, the country aims to boast approximately forty-five million square feet of warehousing space alongside more than a hundred dedicated logistics parks.
According to a recent report from the real estate consultancy, Cushman and Wakefield, warehousing constitutes about 20% of the overall Indian logistics sector and reveals tremendous potential for expansion. Last fiscal year, the warehousing sector recorded a turnover of twenty billion. The report emphasizes, “From a mere combination of transportation and storage services, logistics is fast emerging as a strategic function that involves end-to-end solutions that improve efficiencies.”
Additionally, the analysis predicts that the real estate sector will also experience accelerated growth, fueled by the establishment of warehouses throughout various regions in the country.