Warehousing refers to the activities involving storage of goods on a large-scale in a systematic and orderly manner and making them available conveniently when needed. In other words, warehousing means holding or preserving goods in huge quantities from the time of their purchase or production till their actual use or sale. Warehousing is one of the important auxiliaries to trade. It creates time utility by bridging the time gap between production and consumption of goods.
Warehousing plays a very vital role in promoting agriculture marketing, rural banking and financing and ensuring food security in the country. It enables the markets to ease the pressure during harvest season and to maintain uninterrupted supply of agricultural commodities during off season. Indian logistics market is expected to grow at a CAGR of 12.17% by 2020 driven by the growth in the manufacturing, retail, FMCG and e-commerce sectors. This facilitates the development of new technologies and ensures a high quality product.
Few Indian major players are as under
· Asian Warehousing Ltd.
· Continental Warehousing Corporation Ltd.
· Greenland Warehousing Ltd.
· Heena Warehousing Ltd.
· Mofussil Warehouse & Trdg. Co. Ltd.
· Orient Marine Lines Logistics & Warehousing Pvt. Ltd.
· Punjab State Container & Warehousing Corpn. Ltd.
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