Warehousing: Growth’s on a solid foundation

With Covid-19 serving as latest catalyst for sector, leasing is expected to touch a high of 100 mn sq ft by 2023 as e-commerce and manufacturing expand base in the country The warehousing sector in India has been on a high growth trajectory in recent years. Its first major stimulus came through the introduction of the GST regime in 2017, which saw the sector growing from 35 million sq ft (MSF) during 2015-17 to 77 MSF over 2018-20. And since last year Covid-19 has been accelerating its rise as one of India’s sunrise sectors, with analysts expecting leasing activity to touch new highs as the pandemic reinforces the need for a robust supply chain.