Tricks to
select opportunity in Warehouse and Storage
The show received great response
from all attendees having about 6714 visitors and 210 conference delegates who
attended the technical session. The conference focused on Developing Effective
Strategies to build profitability in warehousing and supply chain logistics
operations. Topics like the present scenario of the Indian warehousing industry
overview of Asian industry and India’s role and growth inhibitors of the sector
how leveraging regulatory framework can help sector maximize growth and how
Mobility Accelerates the Adaptive supply chain etc. were discussed.
Encouraged by the success of the
show in 2011 Minch decided to make it an annual event based in Delhi/NCR. India
warehousing show 2012 will see a larger number of participants with more
exhibit area. The show visitors will get a chance to know the latest
developments and innovations in the area of warehousing and supply chain
sector. The ones seeking some information to improve their knowledge of
logistics supply chain material handling cold storage etc. India warehouse show
2012 is the most appropriate platform for them. Further concurrently India
warehousing conference 2012 would give an insight in to the various aspects of
modern warehousing logistics cold storage and material handling. Like it 2011
edition it will again a two days program.
Opportunities
Although India has a unique
geography with over 7,000 kms of coastline a diverse demography and huge
domestic market the country still only processed just over 7.7 million
containers last year as against Dubai 12 million, Singapore 24 million and
China over 186 million. Global companies selling their products in India are
using these economies as transshipment hubs and regional distribution centers.
These hubs have excellent road
and port infrastructures. It is their logistics parks known as free Trade Zones
FTZs which help to attract this container movement. In order to compete India
needs free trade and warehousing Zones FTWZ and domestic distribution Centre’s
which are supported by a rail infrastructure with rail as the preferred mode of
transportation rather than road.
Developments
The government of India
introduced the free trade and warehousing zones FTWZ policy as a part of
foreign trade policy FTP2004- 2009 governed by the SEZ ACT 2005 and SEZ rules
2006. It is a deemed foreign territory within Indian soil. The FTWZ regulatory
framework should provide India with the much needed impetus to drive its
economic growth to the next level while truly leveraging the nation’s vast
domestic market and purchasing power parity. With FTWZ Indian can emerge as a
major economic hub for companies importing exporting and providing value added
services for distribution in India or other regional countries.
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