E-commerce to push demand for warehousing in India: Ascendas-Firstspace

E-commerce will turn into a major demand driver for India’s warehousing and logistics sector, contributing up to 40% of total warehousing demand this year, said Aloke Bhuniya, CEO of the Ascendas-Firstspace logistics platform.

The real estate investor said it currently has 13 million square feet of logistic parks with development potential and India remains one of its key market