European logistics major D B Schenker aims to nearly double warehousing space to 7 million square feet in India in three years as it sees growing demand from corporates for such facilities, especially after the GST implementation, a top official has said.
The company expects its top-line from the logistics businesses comprising of contract logistics for companies and other land-based activities to grow at a faster pace of 20 per cent.
We are at 4 million square feet of space under management and will take it to 7 million square feet in three years, its country chief executive Vishal Sharma told PTI in an interaction.
From an investments perspective, it will not be a large tab as much of this space will be owned by other developers and will be contracted on a longer term basis, he said.
It can be noted that in the last few months, there have been a slew of announcements by realty developers about creating warehousing space. Sharma expressed happiness about getting the necessary space ..
