Budget: Warehousing & logistics to see more investments

The warehousing and logistics sector is expected to attract more investments from institutional funds and developers, led by the government's plan to set up multimodal logistic parks and other initiatives to connect urban transport to railways.

The government has announced 25,000 km of new highways, the Gati Shakti Masterplan for expressways, 100 new cargo terminals with multi-modal logistic parks and initiatives to connect urban transport to railways, which will give a big boost to new warehousing and logistics facilities across the country. "We will witness an increase in investment from institutional funds and developers as the government has laid the foundation for a long-term investment. If implemented in the right way, over the next 10 years we will see a change in the way industry functions," said Logos CEO Mehul Shah.