The 1.2 billing sq ft domestic warehousing industry will see consolidation with the roll-out of the goods and services tax. Facilities will relocate to consumer-driven and transportation network areas from the current tax-friendly locations.
“We expect the warehousing space around consumption-driven areas comprising the four metros and mini-metros — Mumbai, Delhi, Kolkata, Chennai, Ahmedabad, Bengaluru, Hyderabad and Pune — to double after GST implementation from the current 600 million sq ft,” said Balaji V, chief executive officer at CCI Logistics.
via GST unveiled: Warehousing industry to see reorganisation | Business Standard News
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