Kochi may emerge as next warehousing hub: Knight Frank

Knight Frank India, in its latest report reckoned that Kochi has a big potential to develop itself as a warehousing market, as indicated by the rise in the transaction volumes in e-commerce and manufacturing segments during FY2022. According to the latest reports, the port city has recorded a warehousing transaction volume of 0.3 million sq ft in the last financial year. Accordoing to the report, Kochi has long been a key centre for warehousing activities, but due to various reasons, including a lack of push from the administrators, the city failed to live up to its potential. Things seem to be changing slowly with Kochi now showing signs to emerge as a hub of warehousing activities. In its ‘India Warehousing Report 2022’, Knight Frank India said industry-split transactions in Kochi showed that a majority of the transaction pie was made up by the e-commerce sector, which had a 32 per cent share of the transactions. Apart from that, the manufacturing industry was the second-most active in the market, contributing 28 per cent of the overall amount of transactions during the course of the year. The state government is also taking steps to promote Kochi as a warehousing centre.