Market Research Report : Warehousing market in india 2014 - Press release

FOR IMMEDIATE RELEASE India Warehousing Sector Outlook – Developing logistic sector to trigger growth of the industry Netscribes, Inc. launches a report on the Warehousing Market in India 2014 covering a market with strong growth potential. It is a part of Netscribes’ Automotive and Logistics Series.

Mumbai, India – November 30, 2014 – Global market intelligence firm, Netscribes, Inc. released its latest report on the ‘Warehousing Sector in India 2014’. The development of organized retail in India, rapid boom in the ecommerce market, rising fortunes of the manufacturing sector and the export-import market following India’s emergence as a low-cost outsourcing hub have buoyed its warehousing market.

Netscribes’ latest market research report titled Warehousing Market in India 2014 states that the demand for good quality state-of-the-art warehouses will be a major requirement in the country given the growing logistic industry. The evolution from storage go-downs to multipurpose logistic centers is highly desired as warehouses form a crucial supply chain element holding the key to both customer satisfaction and cost reduction. Warehouses today serve not only as a stocking point, their utility portfolio has diversified to being consolidation centers for multiple sourcing locations, providing cross docking facilities to retail distributors, sorting center for customer deliveries, and an assembly facility for final packaging and bundling. Currently, the organized sector has a minor market share, however it claims major portion of the revenue. The warehouse market is subjected to stringent regulations and policies regarding licensing, performance, and accountability.

The current fragmented state of the sector coupled with growth in the overall economy provides tremendous potential for the warehousing sector to flourish. A surge of government initiatives in the form of Warehousing Regulation & Development Act (WRDA) of 2007 ensures to eliminate pseudo warehousing companies and Goods and Services Tax (GST) that aims at standardizing tax rates across the nation, policies promoting Free Trade Warehousing Zones (FTWZs) will encourage the addition of a significant level of modern warehousing capacity in the country. Further, significant investment in infrastructure for improvement of cargo transport modes, ICD/CFS and 100% FDI in logistics has provided a tremendous boost to the warehousing market. Emergence of third party logistics service, PE activity in warehousing market, adoption of WMS is some recent emerging trends in the warehousing market.

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