From godowns to modern warehouses, the Indian logistics and warehousing industry has witnessed an extensive growth and scale-up in every aspect, with IndoSpace as a pioneering player in its transformation story.
India has undergone a sea of change in the last decade. The post-globalisation era brought with it a host of economic measures by the government to boost industrial growth in the country. Large multi-national players competed with Indian firms in a bid to leverage the playing field offered by the government. With each iteration, businesses in Manufacturing, FMCG, Pharmaceuticals, Automobiles, E-commerce, Third-party logistics providers, and many more sectors, transformed in leaps and bounds to cater to the demands of new India.
The revolution in industrialisation has been continually impacting the Indian industrial and logistics space. India’s logistics and warehousing providers needed to keep pace with the fast-growing demands of industrialisation and support the technological growth of their supply chains as well.
From godowns to modern warehouses
The Indian warehouse of the past was called a ‘godown’. Storage units were practically missing and there was no guarantee of inventory safety from theft and other factors. Transportation of the goods from the godowns to retailers and factories involved the use of general trucks and lorries, and lacked adequate technology to track shipments. Lost and damaged goods was a common phenomenon.
The warehousing industry in India needed an upgrade. Rapid industrialisation coupled with the surge of e-commerce companies at that time, needed the best-in-class supply chain ecosystem in the country. This led to the birth of the ‘modern’ warehouse, wherein quality, amenities and safety were a priority.
The warehousing industry in India transformed itself into an optimally operating sector. A pioneer in this transformation, IndoSpace played a key role in defining and building the modern industrial and logistics real estate industry. Ever since its inception in 2007.
Its grade A warehouses go far beyond being just storage and distribution solutions. High quality infrastructure and amenities enable smooth operations and sustainable state-of-the-art facilities.
Industrial revolution sparking the demand
While industries all over the globe are impacted by the technological advances in their sectors, industrial revolution itself has had a great impact on the industrial and logistics sector. An extensive use of digitalization has also led to supporting infrastructure in warehouses today. Most processes have been digitalized which means many aspects in warehousing are positively impacted: inventory control and management, security and reliability, transport, workplace environment and sustainability, to name a few.
The concept of Built-to-Suit and Ready Space industrial and logistics facilities has further strengthened the offerings to companies. Manufacturing or assembling, whatever the process; storage for any type of inventory; modern material equipment handling, real-time tracking and convenient transportation; companies operating in a variety of sectors have access to a structured approach and choice to their business goals.
Furthermore, the current industrial age is marked by manufacturing processes using technologies like automation and artificial intelligence to meet their needs. Which makes it a must to incorporate in modern warehousing facilities. (See how IndoSpace has incorporated automation and smart technology in its industrial and logistics parks.
The last decade has witnessed the Indian warehousing and logistics industry transform from an unorganised one to an organised industry, and the next decade will see even more technological disruptions in the process of continuous evolution.