Indian logistics industry is expected to grow at 15% to 20% per annum, reaching its revenues of $385 billion by 2015, said a report prepared by Cushman and Wakefield. As per C&W estimates, the market share of organized logistics players is expected to double to approximately 12% in the same period. The new logistics centers will give big boost to the industrial activities in the country. The report revealed that 110 logistics parks spread over 3,500 acres at an estimated cost of $1 billion are expected to be operational by 2012. Around 45 million sq ft of warehousing space will be ready in the next four years. Most of these developments are concentrated in 14 locations. Mumbai has emerged as the preferred location for the development of logistics parks with an investment of approximately $200 million. The other cities that fall within the established locations include Kolkata, Chennai and Hyderabad.
