Left Menu
Development News Edition

Warehousing sector gets investment of Rs 25,000 cr since 2017; figure may touch Rs 49,500 cr by 2021


Warehousing sector gets investment of Rs 25,000 cr since 2017; figure may touch Rs 49,500 cr by 2021

The country's warehousing sector has attracted an investment of Rs 25,400 crore since 2017 and the inflow is likely to reach Rs 49,500 crore by 2021 on robust demand for logistics space by e-commerce companies, according to global property consultant Colliers. The industrial and warehousing sector in India has attracted significant investor interest since 2017 led by robust demand from e-commerce and other consumer-led occupiers, it said.

"The sector has attracted interest from multiple large institutional investors since 2017, with investment inflows of Rs 254 billion (USD 3.6 billion), signifying a large pool of capital available for investment in this sector. We project the investment inflow is likely to touch Rs 495 billion (USD 7 billion) by 2021 as existing participants expand their portfolio and new players enter the market," the consultant said. Colliers noted that this sector in the past has been characterised by fragmented sheds and godowns but now, it is becoming organised because of demand for larger facilities from e-commerce companies.

"Occupiers mulling large contiguous warehouse leases, especially in the e-commerce and 3PL (third-party logistics) sectors, should look at select micromarkets in Mumbai and Pune that offer a good mix of industrial and multi-purpose warehouses. "Bengaluru should also be explored as it offers seamless transfer of goods between states, benefitting from the removal of state-level taxes," said Colliers International India Managing Director and Chairman Sankey Prasad.

On factors driving industrial and warehousing demand, Colliers said the sector is benefiting from government policy initiatives such as the goods and services tax (GST) implementation and the Make in India programme, as well as global trade dynamics and evolving consumption patterns. The initiatives augmented growth and private sector participation in a sector which was not well-regulated, it added.

Colliers has operations in 68 countries with an employee strength of 14,000. In 2018, corporate revenues were USD 2.8 billion (USD 3.3 billion including affiliates), with more than USD 26 billion of assets under management.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

Download The Devdiscourse News App for Latest News.


TRENDING

OPINION/BLOG/INTERVIEW

SDG13: How you can reduce global warming by changing your food habits

The mega narratives of various international organizations give the impression that fighting global warming is only a job of government agencies. However, the European Investment Bank EIB has designed a questionnaire which besides making th...

SDG2030: Challenges of technological applications in advancing Global Goals

Application of contemporary and future information technologies may go milestones in advancing sustainable development goals SDGs provided the challenges are overcome and implementation is ensured....

Sustainable Fashion: UNDP wants you to wear properly to reduce Global Warming 

The experts have estimated that the amount of water used to prepare one pair of jeans and a T shirt is sufficient for a person to drink for 13 years....

World Economic Forum suggests 8 Education Models for Future Schools

In a report released on January 14, the World Economic Forum WEF has also picked two examples for each model from throughout the world. The WEF has emphasized that these schools systems would be crucial for Forth Industrial Revolution.&#160...

Videos

Latest News

REUTERS SPORTS SCHEDULE AT 7.30 p.m. GMT/2.30 p.m. ET

Here are the top sports stories and upcoming coverage plans for Reuters text service as of 2.30 p.m. ET7.30 p.m. GMT. For a full schedule of news and events, go to our editorial calendar on Reuters Connect httpswww.reutersconnect.complannin...

UPDATE 2-Royal Highnesses no more: Harry and Meghan retire as working members of royal family

Prince Harry and his wife Meghan will no longer be working members of Britains monarchy, will forgo public funds and will repay money spent on refurbishing their cottage west of London as they embark on an independent future, Buckingham Pal...

Councillors Goel, Dutt get tickets from Cong for Delhi polls

Civic body leaders Mukesh Goel and Abhishek Dutt on Saturday figured in the first list of candidates released by Congress for the February 8 polls. Goel, a senior party leader in the North Delhi Municipal Corporation, has got the ticket fro...

Dozens killed in Houthi attack on camp in Yemen's Marib - Saudi state TV

Iran-aligned Houthis attacked a military training camp in the Yemeni city of Marib on Saturday, killing dozens of people, Saudi state television said.Medical sources in Yemen told Reuters nearly 30 military personnel had been killed....

Give Feedback