‘Upgrade infra, tech, regulatory processes for efficient ops’

Nitin Aggarwal, CEO, TVS Infrastructure Investment Manager  says,“We look forward to budgetary provisions that bolster the sector’s infrastructure, streamline regulatory processes, and incentivise technological advancements in warehousing facilities. Recognizing warehousing as a distinct and emerging asset class is crucial for India’s continued economic advancement, facilitating increased foreign direct investment and bolstering our global competitiveness. Moreover, the rise of e-commerce hubs across India has amplified the demand for efficient warehousing solutions, reflecting the broader consumer trend towards rapid and reliable delivery services. This growth necessitates advanced, strategically located warehouses to meet the heightened expectations of modern consumers. Emerging corridors within Tier-2 and Tier-3 cities are poised for higher rental growth, outpacing established submarkets due to a dearth of quality supply of industrial projects. We anticipate measures that recognize the exponential demand for industrial warehousing and support the sector in meeting this demand through sustainable solutions. “We advocate for incentives, including MSME status for the industrial real estate sector, and seek budgetary relaxations in tax rates and norms, including the crucial allowance of input tax credit under GST. Uniform land acquisition norms across states and simplified warehousing compliance processes would further catalyse the sector’s growth. We look forward to a budget that paves the way for a resilient, sustainable, and globally competitive warehousing ecosystem in India.”