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The Goods and Services Tax (GST) is the most radical taxation reform that is set to alter India’s economic prospects. Also GST will result in emergence of new hubs for warehousing, says JLL India.
“Though GST will give a big push to the manufacturing, warehousing and logistics sectors in India, there are implications beyond these sectors too,” said Anuj Puri – Chairman & Country Head, JLL India.
“The retail industry and residential property buyers also stand to gain, in particular,” he added.
The new hubs likely to emerge are Belagavi, Bhubaneswar, Coimbatore, Goa, Guwahati, Indore, Jaipur, Kolhapur, Lucknow-Kanpur, Ludhiana, Nagpur, Patna, Raipur, Ranchi, Vapi and Vijayawada.
At present the top warehousing hubs are: Delhi-NCR, Mumbai, Pune, Bengaluru, Chennai, Hyderabad, Kolkata and Ahmedabad.
“These eight city hubs put together had a cumulative supply of organised Grade-A and Grade-B warehousing space of around 97 million sq ft in 2015 and this is expected to grow to around 116 mn sq ft by the end of 2016,” said Puri.
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