India is set to witness investments close to Rs 50,000 crore for in creation of warehousing facilities across the country between 2018 and 2020. Different categories of warehousing are expected to create around 20,000 jobs to during these three years at different levels of specification and specialization, showed a JLL India report. This investment comes on the back of the fact that nearly Rs 10,000 crore was invested in 2017. Two prominent changes that have created a significant growth prospects in warehousing are the implementation of GST in India and creating a unified taxation, and the rapid growth of e-commerce necessitating building of large scale warehousing across various locations. Peripheral locations of tier 1 and tier 2 cities are expected to be the prime beneficiaries of the new wave of growth in warehousing.
Source : ET Realty