Indian
Warehousing Show 2012
The Indian logistics market is poised to gather
greater momentum with the emergence of India as a manufacturing hub and
improving multimodal transportation infrastructure. India is seeing significant
growth in the logistics sector due to rise in manufacturing sector. Inspired by
the economic boom and the massive investment on infrastructure the logistics
market in the country is set to double by 2012.
The markets that have been responsible for the rapid
growth of Indian logistics include the growth of organized retail industry.
Commodity markets and growth in manufacturing and development of Special Economic Zones
(SEZ). Indian logistics industry is expected to grow annually at the rate of 15
to 20 percent reaching revenues of approximately $385 billion by 2015.
There are about 110 logistics parks spread over
approximately 3500 acres. The estimated cost of these logistics parks is about
$1 billion and an estimate of 45 million sq. ft of warehouse space with an
investment of $500 million is expected to be developed by various logistics
companies by 2012.
Many SEZs have necessitated the development of logistics
for the development of logistics for the domestic market as well as for global
trade. Mumbai, Kolkata Chennai and Hyderabad have become preferred location for
logistics parks. These locations are characterized by excellent port rail and
road connectivity and are witnessing significant investment in infrastructure.
Eight logistics parks with an approximate investment of $200 million are 600 acres
of land around Mumbai.
Seeing the rate of development
there are plans for 4 logistics
parks spread across approximately 400 acres. Centers like Haldia, Falta,
Pargana, Dankuni, Kharagpur, Bantala and Durgapur are expected to witness
substantial logistics activities in the near future. Five logistics parks are
being set up in Hyderabad, spread across 220 acres and approximately 10 million
sq. ft of warehouse space coming up by 2012.
Dedicated freight corridors by the railways and
improvements in coastal shipping facilities along with the construction of
massive state-of-the- art logistics parks at key distribution hubs are helping
to meet the specialized warehousing needs of freight forwarders and industry
players. The non-major ports are driving the traffic growth with the traffic at
these ports growing at a very healthy rate.
This strong growth is expected to continue, with the
share of the non- major ports increasing further. After analyzing the future
prospects of the logistics market in India Minch communications a business to
business exhibition and conference organizer based in Delhi/NCR launched India
warehousing show in April 2011.
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