2023 to be the Year of Democratisation of Warehousing in India

Credit Rating Agency of India Limited (ICRA)

As we look forward to 2023, the warehousing sector is poised to follow a steep growth curve, attracting significant investments from across the globe, and democratising the sector by increasing the involvement of small developers, landowners, and expansion in smaller cities of the country.
Shrinivas Rao, CEO, Vestian

India is emerging as a key centrepiece of global trade; one of the underlying pillars driving this growth is the burgeoning warehousing industry in the country. As per the Investment Information and Credit Rating Agency of India Limited (ICRA) estimates, the warehousing sector is projected to develop at a CAGR of 10.5% through 2025 after growing at a CAGR of 7.8% over the past five years.

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Details: LIFTING & SPECIALIZED TRANSPORT, JANUARY – FEBRUARY 2023

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