Warehousing Association of India signs pact to boost logistics biz

Warehousing Association of India (WAI) has signed a Memorandum of Understanding (MoU) with National Real Estate Development Council (NAREDCO), a real estate body that works under the aegis of Ministry of Housing and Urban Affairs, to address construction and land-related difficulties that warehousing developers often face. Aside of addressing construction and land-related difficulties that warehousing developers confront, the MoU also endeavours to resolve regulatory obstacles. The realtors’ body and warehousing developers will look to collaborate to address issues concerning regulators, licensees, permits, approvals and operation of warehousing and logistics businesses, Naredco said in a statement. The partnership will also look to create guidelines for running warehouses efficiently, effectively, and ethically.