This is further expected to accelerate, due to larger behavioural change of consumer buying following the outbreak of Covid19 pandemic.
While demand in other commercial real estate segments has been impacted in the last few quarters, the warehousing market has stood out led by e-commerce and third-party logistics growth.Īccording to industry estimates, almost one-fourth of the total warehousing space in India has been leased by e-commerce firms such as Flipkart and Amazon in the last two years. The government of Tamil Nadu and Welspun One Logistics Parks, part of the $3.5 billion Welspun Group have entered into this pact to enhance the logistics infrastructure within the state.įollowing the implementation of the Goods & Services Tax (GST) and emergence of ecommerce, the Indian logistics and warehousing sector is headed towards transformative growth. The introduction of GST allowed firms to start focusing on building efficient supply chain networks by establishing optimal-sized warehouses in fewer locations,” said Pooja Kulkarni, MD & CEO, Guidance.
Before the GST regime, most companies had multiple, small warehouses across states for the sole purpose of minimizing taxes. "Over the past few years, India has made significant progress by building logistics infrastructure and undertaking various regulatory and structural reforms. Gopinath, a US national of Indian origin, was recently appointed the first Deputy Managing Director of the IMF, even though she was supposed to leave the multilateral lending agency next month to return to academiaĪadhar-linked voter IDs among new electoral reforms as Centre clears billĪccording to the bill cleared by the Cabinet, the electoral law will be made gender neutral for service votersĬabinet approves Pradhan Mantri Krishi Sinchayee Yojana for 2021-26 scheme to benefit 22L farmersĪccording to the statement by the Cabinet Committee on Economic Affairs, it approved support of Rs.37,454 crore to States and Rs 20,434.The projects will be executed by Welspun One Logistics Parks and will bring direct investments of approximately Rs 2,500 crore to Tamil Nadu. IMF's Gita Gopinath meets PM Modi ahead of taking over as first deputy managing director
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