What are the key growth drivers in the warehousing sector?
The key growth drivers in the warehousing sector include the surge of startups and the increasing number of businesses emerging from India. Additionally, global companies manufacturing in India for the world demand organized and resilient supply chains to support their operations. The rising middle class has also contributed significantly, leading to the deep penetration of supply chains into tier 2 and tier 3 cities, thereby expanding the reach and efficiency of warehousing services. Furthermore, the government’s focus on the development of supply chain services in India, along with initiatives such as the Gati Shakti scheme, plays a crucial role in propelling the sector forward by improving infrastructure and streamlining processes. These factors collectively foster a robust and dynamic warehousing environment in the country.
What are the crucial pain points which need to be addressed to boost warehousing competitiveness and growth?
To boost warehousing competitiveness and growth, several crucial pain points need to be addressed. First, there is a need for a trained and productive workforce, as skilled labor is essential for efficient warehouse operations. Second, improvement in infrastructure and the availability of Grade A warehouses at lower rentals are critical to meet the increasing demand and to enhance operational efficiency. Lastly, investing in indigenous technology and robotics manufacturing is necessary to lower costs and improve the reliability of automation within warehouses. Addressing these issues will help create a more competitive and growth-oriented warehousing sector.
Ms Anamika Jain
