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GST will lead to 112 per cent growth in warehousing

India will see 112 per cent increase in warehousing space by 2021 as GST is pushing companies to re-structure their portfolio and bring in larger and supply chain-efficient warehouses rather than focusing on tax saving through smaller facilities.?GST is playing a pivotal role in boosting both the hub and spoke model as well as the growth of the Multi Modal Logistics Park (MMLP) due to which India will have around 25 new MMLPs in the next few years,? realty research firm JLL said in a report today.While grade A warehousing space is expected to grow by over 170 per cent, Grade B will grow by around 85 per cent from 2017-2021. The warehousing sector is expected to grow at an average CAGR of over 20% in the next three years 2018 ? 2020, it said.
Source: Latest News

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