Avvashya CCI News: Latest News Updates on Avvashya CCI


Economic Times

A New Warehouse for India Incs Ambitions

SUPPLY CHAIN TRANSFORMED Warehousing and logistics are in the midst of a transition, boosted by the impending GST rollout. The changes -bigger and automated warehouses -reflect a bold and confident industry ready to seize the opportunities of an integrated market.
New-age warehousing and logistics in India would be midwifed by the Goods and Services Tax (GST), which also aims to transform the South Asian nation into an integrated market for the first time since Independence.
Small and often ill-equipped storage space in the country would now give way to neatly stacked, air conditioned warehouses, with higher levels of automation, as India ushers in the biggest tax reforms since 1947. And driving the change in India's supply chain landscape are the consumer goods companies, such as Hindustan Unilever, Glaxo Smithkine, and Johnson & Johnson. These companies are now putting out tenders for consolidating their supply chain operations into bigger warehouses. The new facilities will now cover about 450,000500,000 square feet of space, almost five times the biggest warehouses in India right now.

Read the complete news here -