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Cover Story
National Logistics
Policy
a way similar to when the government Warehousing and related assets
launched the ‘Make in India’ which are integral to the overall logistics
saw the highest annual Foreign Direct sector. However, standardisation in
Investment (FDI) inflows worth $83.57 warehousing value chains is essential
billion being reported in the country for reducing costs, improving efficiency,
during the financial year 2021-22, while and ensuring global compatibility as
the FDI equity inflows in manufacturing well as competitiveness.
rose by 76% in FY 2021-22. The policy is likely to support the
Verma observes, “A well-thought-out burgeoning demand for e-commerce
policy made in conjunction with all the services in the country, requiring faster
stakeholders involved, sets the foundation movement of customer shipments and
for an attractive investment proposition. opening up immense opportunities for
From bringing in standardisation in warehouse developers.
warehousing design to developing and The government’s Batting for the boost to the
implementing the digital infrastructure Multi-Modal warehousing sector in the policy,
to link multiple data sources and Yogesh Dhingra said, “The launch of the
sub-sector specific plans, a constant Logistics Parks E-handbook on warehousing standards is
upgradation will bring in wide-ranging (MMLPs) initiative a great example of creating benchmarks
developments which will fastrack the under NLP to develop in the development of physical assets
sector’s development.” logistics parks will which will promote health and safety and
benefit by creating enhance quality. We would also welcome
A win for warehousing more consolidated similar guidelines and promote more
As per government figures, the Indian digitisation from a regulatory standpoint
warehousing market was valued infrastructure in in other aspects of physical infrastructure
at $14.65 billion in 2019 and is a hub-and-spoke development such as clearance of land,
forecasted to grow at a CAGR model and encourage zoning, occupancy, and ease of property
of 9.82% to reach $19.53 private sector records registration and verification to
billion by 2025, by opening it investment in the make construction and leasing activities
up to private investments warehousing sector. more efficient for end users.”
and by ensuring that With the industry putting so much
relevant benefits can Yogesh Dhingra faith and optimism in the potential of
be gained from the Smartr Logistics NLP, perhaps it may soon be India’s
contribution of time to be ranked among the top 25
private players. nations on the LPI and shine.
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