Embassy to invest $1 billion to raise warehousing space – Feedback

Betting big on the growing demand for warehousing, Embassy Industrial Parks plans to invest around $1 billion in 3-4 years to take its total space 30 million squre feet,.

Various policy decisions like the implementation of GST and e-way bill have given a boost to the logistics sector,.”This coupled with the growth in the e-commerce and retail sectors has necessitated a sharp growth in warehousing in the country,” the company’s CEO Anshul Singhal told PTI.He said the domestic logistics sector is projected to grow at CAGR 13 per cent to Rs.9.2 trillion by 2019-20, from Rs.6.4 trillion in 2016-17.

http://www.business-standard.com/article/companies/embassy-to-invest-1-bn-to-raise-warehousing-space-to-30-mn-sq-ft-says-ceo-118041500237_1.html

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