Mumbai, February 26 (NationPress) – A recent report has unveiled 30 high-potential industrial and warehousing hotspots across India, propelled by infrastructure development, manufacturing expansion, and favorable policy initiatives. The report, released on Thursday, reveals that eight of these cities are already established markets, while Colliers has pinpointed 22 emerging and nascent hubs.

The identification of these high-potential cities is based on industrial hubs recognized by the government alongside an in-house analytical framework that evaluates five critical parameters and infrastructure projects.

These parameters include enhanced connectivity along vital industrial and freight corridors, the establishment of upcoming smart industrial cities, the proposal of Multi-Modal Logistics Parks (MMLPs), the expansion of sea and airport linkages, and the development of large integrated textile hubs.

Currently, India's manufacturing sector contributes approximately 17% to the country's GDP, with projections suggesting this could rise to about 25% by 2035. In this context, the industrial and warehousing sector is emerging as a high-growth frontier, fueled by increasing demand for modern warehouses and significant institutional investments.

Vijay Ganesh, Managing Director of Industrial and Logistics Services at Colliers India, stated, “The next phase of industrial and warehousing growth will be reinforced by expanding industrial and freight corridors, multimodal logistics parks, smart industrial cities, and significant sea–airport expansion projects.”

Importantly, the recent budget has prioritized the dispersal of economic growth, highlighting the necessity for bolstering domestic manufacturing capabilities. The allocation of ₹5,000 crore per City Economic Region (CER), along with targeted interventions across essential sectors like life sciences, electronics, semiconductors, chemicals, rare earth minerals, and textiles, is expected to stimulate long-term warehousing growth in established markets while also facilitating investments in various emerging and nascent markets, Ganesh elaborated.

The geographical distribution of the 30 identified high-potential industrial and warehousing hotspots emphasizes balanced growth across Northern, Southern, Western, Eastern, and Central regions of India. Notably, the eight “Prime hubs” are established demand centers anticipated to further consolidate their position and rapidly absorb new capacities, with industrial and warehousing demand in these top eight cities expected to exceed 50 million square feet by 2030.

The twelve “Emerging hubs” are poised to gain significant traction in the coming years, thanks to critical industrial corridors, logistics parks, and multimodal hubs. The ten “Nascent hubs” represent cities where growth will gradually accelerate, relying on essential factors such as core infrastructure adequacy, policy support, and investor readiness, according to the report.