Ecomm majors in search of large warehouses to expand operations
Large e-commerce firms looking to scale up operations amidst growing online shopping and robust consumer demand in India have floated lease transactions for large warehousing spaces totalling around 4 million square feet, leading industry executives told ET.
Global and domestic organisations like Amazon, Flipkart and JioMart by Reliance are actively scouting for warehousing spaces to expand their operations across top cities.
“The growth in the e-commerce segment has been significant and once things settle down, the next few years will be good for the industry,” said Aloke Bhuniya, CEO of Ascendas-Firstspace, a global logistics fund.
“The Indian warehousing sector has seen significant attraction from both global and domestic investors and occupiers on the back of the GST changes and significant growth in e-commerce,” said Logos chief executive Mehul Shah.