Synopsis
Proper warehousing in India can efficiently manage its growing consumption market and support its position as a global manufacturing hub. The “Indian Warehousing Market Report 2023” provides an in-depth analysis of the warehousing sector’s growth and dynamics in India. The demand for modern warehousing facilities in India has increased due to organized retail, e-commerce, and their need for efficient logistics.Despite the pandemic, warehousing saw continued growth, maintaining record transaction levels in FY 2023 like in FY 2022. With the implementation of GST and the government’s focus on infra along with major investments the sector has accelerated. There is a growing need for flexible and scalable warehousing solutions among businesses leading to a rise in demand for 3PL services with eyes on reducing carbon footprint and going green. The report also highlights several key trends and themes driving the industry, including the adoption of smart technology, evolving needs and preferences, and the growing emphasis on sustainable warehousing practices.
