Varun Gada - LP Logiscience, A Liladhar Pasoo Company
“By integrating technology and sustainable practices, warehouses not only reduce their negative environmental impact but also gain a competitive advantage by attracting international clients seeking environmentally responsible partners.”
Varun Gada - Director, LP Logiscience - A Liladhar Pasoo Company
India's warehousing industry has witnessed significant growth over the past decade, driven by factors like rise of e-commerce, increasing consumer demand, enhanced focus on prompt deliveries, and supportive government policies like NLP, FDI in warehousing, rise in Grade A warehousing, setting up of logistic parks, and easier access to expand to tier 2 and 3 markets. The warehousing sector, which was valued at approximately $7.5 billion in 2021, is now projected to grow at a CAGR of 10-12% over the next five years. According to a report by IBEF (India Brand Equity Foundation), the warehousing market in India is expected to reach USD 27 billion by 2025. This growth presents a significant opportunity to incorporate sustainability initiatives and greener practices in the warehouses.
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Published on:
10 August 2023
Published in: LIFTING & SPECIALIZED TRANSPORT, JULY u2013 AUGUST 2023
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