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The convenience of shopping/returns, improved UPI adoption, omnichannel retailing, etc. have led to e-commerce demand growth thereby translating into demand for more warehousing capacities specially to augment last-mile connectivity in tier I and II cities this year.
The key to a smart industrial park starts with a robust master plan which would be flexible to integrate multiple design as well as functional aspects that make an industrial park “smart”.
Continued leasing momentum is expected in the warehousing segment with various retail clients in active discussion to consolidate their footprints in large-size mega distribution centres. As far as the macro environment, the unveiling of the National Logistics Policy is one of the key milestones for this sector and is expected to have a great positive impact on the logistics sector in the medium to long term. Large deals will continue to drive the warehousing market as e-commerce and 3PL players plan remarkable expansion to enhance efficiency.
The Indian Logistics growth story continues to remain resilient and is further progressing on an accelerated growth trajectory owing to the focus on companies catering to changing consumer behaviour across India. The convenience of shopping/returns, improved UPI adoption, omnichannel retailing, etc. have led to e-commerce demand growth thereby translating into demand for more warehousing capacities especially to augment last-mile connectivity in Tier I and Tier II cities this year.
The fundamentals remain strong for India’s industrial demand and production-linked incentive (PLI) schemes announced for key sectors by the government are expected to further boost local production fueling demand for organised industrial spaces and warehousing facilities. China plus one strategy is gaining more vigour and global companies are keen on shifting their manufacturing focus to India as part of their de-risking strategy. This would be a key trend to watch out for this year.
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