Warehousing sector to grow 9-11% every year: Experts
08/08/2016 10:38
According to experts, the warehousing sector is likely to grow at 9-11 per cent every year with private equity players keen on tapping the opportunity and expect investments up to Rs 15,000 crore per annum. Commenting on the issue, HDFC Realty Chief Executive Vikram Goel told the media, "Warehousing industry has recently seen a sharp growth in demand primarily driven by new age e-commerce industry and growth in organised retail which are leveraging technology in their supply chain to optimise costs." According to Milestone Capital Executive Vice Chairman Rubi Arya, investors are very positive towards this sector with strong government support and reforms followed by RERA, GST, REITs, among others. "With all this development taking place, there is lot of traction from investors, private equity fund houses, and high networth individuals, NRIs, among others. We expect around Rs 12,000-15,000 crore investments every year in this sector which is itself talks about how this industry will explore in future," Arya added.
08/08/2016 10:38
