West Bengal group to invest Rs.100cr in new warehouses
The Indian warehouse market is projected to reach US$2,243.7 billion by 2026, expanding at a rate of 10.9% annually, boosted by skyrocketing demand from e-commerce businesses that need to stock more inventory close to customers in tier-1 and tier-2 cities, according to an industry report.
The growth and expansion of India’s industrial and warehouse real estate markets is anticipated to continue, said Ganesh Complex Industrial Park on 16 Nov 2022.
The company is now on expansion mode, investing Rs.100 crore on two more industrial parks spread across 500 acres.
Ganesh Complex is driving this growth in Eastern India, providing warehousing solutions to a plethora of industries in and around West Bengal. They have state-of-the-art warehouse facilities at four current parks in Ranihati, Rauta, and Panchla, near Kolkata, with a total area of 17,424,000 sq ft and world-class amenities.
Speaking on the brand’s initiatives, Alok Bajoria, Director, Ganesh Complex, said, “Within the steel and metals industry, construction, manufacturing, and fabrication are all significant subsectors with expansion potential.
“There is also room in the market for niche products and services. We believe that for Eastern India’s industrial sector to grow as a whole, the eastern regions must be provided with every conceivable infrastructural advantage, so that industrial progress is exponential.
“The industrial parks set up by Ganesh Complex are a testament to our commitment to this philosophy.”
The Eastern states, led by West Bengal, could become a US$3 trillion regional economy and account for over a quarter of the national GDP. The state government aims to build 100 industrial parks.
Seven out of 21 state SEZs are operational, he added. fiinews.com
