Warehouse Godown for Paddy, Jute & Maize
Warehousing is the activity of holding goods over a period of time. Goods are being held when there is a difference between the time, place, quantity, or value of the goods being created and being consumed. Warehousing has three main processes which may be active simultaneously: accumulation, storage, and withdrawal. Warehousing is a fundamental human activity and consequently warehousing is ubiquitous and of economic and social importance. If the storage of goods occurs in a building, then this building is called a warehouse. Warehouses have become even more prevalent with the advent of the industrial revolution when mass production of industrial goods became possible. In India and Hong Kong, a warehouse may be referred to as a "godown". The warehousing market is driven by the country's flourishing manufacturing, retail, FMCG and logistics sectors. Furthermore, supportive government policies such as establishment of logistic parks and free trade warehouse zones is expected to spur the market growth through 2025. Also, introduction of GST has led to reduction in inventory and turnaround time, which has led to the removal of check points thereby diminishing state boundaries. India's warehouse market is expected to reach $ 12.2 billion in 2020 and grow to $ 19.5 billion by 2025. The compound annual growth rate (CAGR) is expected to be ~14.86% between 2021 and 2025, in line with the price of INR 2,028.86 billion. The key players operating in the warehousing market include Container Corporation of India Ltd., Gati Ltd., Mahindra Logistics Ltd., Transport Corporation of India Ltd., Central Warehousing Corporation, DHL Express (India) Pvt. Ltd., Jayem Warehousing Pvt. Ltd., JICS Logistics Ltd., Shalimar Warehousing Corporation, Spear Logistics Pvt. Ltd.