India is eyeing a USD 5 trillion economy soon. It has prepared a detailed roadmap and working tirelessly to achieve the same. The country which is growing comfortably at around 7-8%, is an economic bright spot despite a general gloom in world economy. Its economic expansion is pivoting on the manufacturing and logistic industry. It has unveiled a host of forward-looking economic policies with increased thrust on income generation rather than just production.
As India’s manufacturing has finally picked-up, warehousing demand has risen sharply over the years. In 2023, the total warehousing sector in India was pegged at around 380 million sq-ft equally split into both Grade-A & B assets. By 2030, the warehousing sector in India is slated to cross 700 million + sq-ft growing at a staggering speed of 9-10% yearly. Each year, India is adding around 45-50 million sq-ft of warehousing space. The segment has piqued interest of large investment houses including PE players, pension funds, sovereign wealth funds, etc.