Summary:
Future economic activity is likely to be focused on these five emerging corridors — Delhi-Mumbai Industrial Corridor (DMIC), Chennai-Bengaluru Industrial Corridor (CBIC), Bengaluru-Mumbai Economic Corridor (BMEC), Vizag-Chennai Industrial Corridor (VCIC) and Amritsar-Kolkata Industrial Corridor (AKIC). With the logistics and warehousing sector gaining prominence, the spotlight is on Chennai that has emerged as a major logistics hub. Future growth potentialCompared to developed economies, India’s logistics sector remains largely underleveraged due to the fragmented nature of the market. The rapid ramping up of e-commerce activity has also led to a rise in demand logistics and warehousing, in major cities including Chennai. To cater to this demand, most organised players and private equity funds are keen on investing further in developing the logistics and warehousing sector..