"India Emerges as Prime Destination for Warehouse Development Amid Shift from China"
As companies look to diversify their supply chains beyond China, global giants are betting on India's economic boom and expanding into the country's warehousing sector. The demand for modern warehouses and factories is surging, driven by India's manufacturing growth and infrastructure development. Developers are investing billions to quadruple industrial park space and build new warehouse complexes near major cities, aiming to attract firms looking to expand manufacturing facilities and boost exports. However, complex land acquisition issues and surging prices pose challenges for developers in meeting the high demand for warehouse space.