Warehousing to become $55 bn sector by 2010-11: Report
The Indian warehousing sector is poised to become a $55 billion by 2010-11 with around 45 million sq ft warehousing space expected to be developed in the country in next five years supplemented by around 110 logistics parks.
According to a report by real estate consultancy firm Cushman and Wakefield, warehousing activities account for about 20 per cent of the total Indian logistics industry and offer tremendous growth potential.
This segment of the logistics industry is estimated to grow from $20 billion in 2007-08 to about $55 billion by 2010-11, growing at the rate of 35-40 per cent every year, the report pointed out.
More : economictimes.indiatimes.com