Indian logistics market to double this year

Shift in trend from doing purely built-to-suit facilities to building speculative warehouses.

 

The Logistics market in India has seen a revival both in terms of business and fresh investments over the past year, according to a report by CB Richard Ellis India. The report points out that market is expected to double by 2012 from current levels. The latest report titled 'The India Logistics Market View – 2009' reviews the logistics and warehousing space market in India across key cities.

Commenting on the findings of report, Mr. Anshuman Magazine, Chairman & MD, CB Richard Ellis, South Asia said, “Going forward the main drivers that will fuel this growth are upcoming freight corridor project, building of logistics hubs and warehouses, port development, technology upgradation, investment by private players and also the impending industry status for the logistics sector. We hope to see further movement in 2010.”

The trend is shifting from doing purely built-to-suit facilities to building speculative warehouses, the report said.