Surat, Lucknow, Madurai amongst top Tier 2 cities to benefit from growth in the warehousing space
Implementation of GST will benefit warehousing sector with prevailing taxation issues in logistics and transportation expected to be streamlined, a senior official said today.
According to the report by property consultant Knight Frank India, the seven cities are National Capital Region, Mumbai, Chennai, Bengaluru, Hyderabad, Pune and Ahmedabad.
Chartered Logistics is considering foraying into the specialised warehousing business and is already in talks with a few clients, ED Harsh Gandhi told CNBC-TV18.
For traditional retailers, listing products, warehousing, payment reconciliation, all of which are integral to selling online are often a big challenge. Bluebox is a venture that helps offline retailers create their online shops on market places.
The new IT return forms will need assessees with more than Rs 50 lakh of income to start valuing their land and inherited properties; 100 percent FDI in e-commerce will augur well for commercial real estate; and one of the largest commercial real estate deals of almost USD 900 million to a billion that maybe sealed by the Hiranandani brothers.
In an agrarian economy like India, the failure to anticipate a crisis of this nature can create a mayhem in the markets
On combating price swings, last chairman of FMC Ramesh Abhishek believes there is a need to build new warehousing facilities. He says one of the biggest hurdles has been the lack of transparency in the physical market
The stock- Suchak Trading- has rallied from Rs 3 to Rs 170 since December 2013.
Encouraged by the rapid growth in the Indian online-shopping industry, logistics firms are set to embark on a series of activities, including capital-raising, to make the most of it.
Public sector lender State Bank of India (SBI) and Star Agriwarehousing & Collateral Management Limited (StarAgri), an agri-services and solutions provider, have entered into a tie-up for warehousing receipt financing and collateral management services.
Speaking to CNBC-TV18, MM Miyajiwala, Executive Vice President & CFO of Voltas said,”Overall, this move will improve the sentiment. It emphasizes that the government is focused on warehousing and infrastructural investment for foodgrains and agricultural produce. It is a move into right direction."