Indian Industrial And Warehouse Sector Likely To Touch $7 Billion In Investments By 2021
The sector's storage requirement is expected to rise up to 86 million square meters by the year 2024. The current demand for warehousing space is estimated to be around 68 million square meters for the manufacturing sector.
According to MeghaMaan, Associate Director of Colliers Research Institute: "Investments into the industrial and warehousing sector will further increase as foreign and domestic players expand driven by favorable demand drivers and a simpler taxation regime. Hence, developers may look at collaborating with corporate and government agencies that own land banks,"
The ongoing trade tensions between China and the U.S.A is likely to provide India with an opportunity to gain traction in the industrial and manufacturing sector.