Rapid economic growth in India has paved the way for industrialisation.
Whether it’s a conventional warehouse, a modest godown, refrigerated storage, or a modern distribution centre, businesses are actively seeking warehousing solutions. In addition to conforming to global standards, businesses have to comply with the associated regulatory requirements, writes Rishi Agarwal, Co-founder and CEO, TeamLease RegTech.
Rapid economic growth in India has paved the way for industrialisation. As more and more companies seek to diversify their supply chains, India is now in a position to benefit from a ‘China Plus One’ strategy. There has been an increase in demand for warehousing services as more corporations relocate their production facilities to India. The rise in demand for Grade A warehouses has been fueled in part by the e-commerce growth and rising household consumption.