The NLP clearly outlines warehousing as one of the key areas of focus and development. The government in collaboration with industry has now formulated a clear minimum requirement for the classification of Grade A warehousing.

The National Logistics Policy, according to Vikas Yadav, Director, Future Warehouse Solutions, intends to lower India’s high logistics costs and is undoubtedly a stepping stone for the expansion of the warehousing industry.

The new policy which was recently unveiled by our honorable prime minister will reduce the logistics cost for improving the competitiveness of Indian goods both in domestic as well as in international export markets.

Sujeet Vichare, Sr. Sourcing Manager, WorkStore, Lightening Division -RLT, opines, that multinational companies like Amazon, DHL, Maersk, and others encouraged Indian warehouse operators to raise standards and catch up with international standards in the warehousing industry.

Kale and Dagang NeXchange are to pilot a first-of-its-kind digital platform to connect airport stakeholders at Kuala Lumpur International Airport, Malaysia.

Freight, or the movement of goods, is the need of the hour and will always be necessary for the smooth functioning of an economy.

India’s opportunities in warehousing are riding on the growing demand of online retail, which is opening up warehouses in tier 1 and tier 2 cities apart from collaborating with logistics service providers across the country.

Akash Bansal, Country Head, Om Logistics believes that there is a long way for the Warehousing sector to go and that significant upgrades in warehousing infrastructure and capabilities are needed to match international standards.

The implementation of NLP will encourage infrastructure development and make the warehousing sector more enticing to foreign investors. The warehousing market in India was estimated to be worth INR 1,050 Bn in 2020, according to the “Warehousing Market in India 2021” report. Between 2021 and 2025, it is anticipated to increase at a compound annual growth rate (CAGR) of almost 14.86 per cent, reaching INR 2,028.86 Bn in value.

Delivery Linked Checkout (DLC), a first-of-its-kind integrated capability, enables retail businesses to achieve profitability in their last-mile logistics.

Short-range aircraft, turbojets, and helicopter imports that are not strictly necessary have been restricted, according to the Ministry of Civil Aviation of India.

New Delhi has also intensified its scrutiny of Chinese companies operating in India.