Logistics space is hotting up
It might just well be the next blue-eyed sector in India. With investments in the line of $1 trillion, the logistics sector is definitely gearing up as JVs, PE players, cross-border acquisitions, strategic investments and even universities foray into the hitherto ignored and complex sector.
As the country awaits its first free trade warehousing zone (FTWZ) in Mumbai to start operations from May 23, experts are upbeat this may well transform the landscape of the country. The Indian market is growing and exports are looking up too, reasons Vishwas Udgirkar, executive director with PwC. â€œIndia is touted to be a manufacturing hub and its success will depend upon logistics support. So itâ€™s a logical step to develop the sector. FTWZ and logistics parks will completely change the landscape, as there is a very strong demand for modern warehousing facilities. People are watching the FTWZ rollout very closely, and its success will open floodgates in the sphere,â€ he adds.
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