Warehousing sector in West Bengal getting benefits of industry: Official

By: |
October 17, 2020 7:08 PM

Though the warehousing sector "has not been given an industry status yet" in the state, it is getting all related benefits.

"Logistics cost is an important aspect of determining the viability of any business. Benefits of volume and efficiency should also accrue to small players and not only the big ones," she added.The association has requested for the imposition of anti-dumping duty on the import, it said.

The West Bengal government is providing benefits of an industry to the warehousing sector to create an enabling environment for its growth, an official said on Saturday. Speaking at a webinar organised by ICC, industry and commerce department secretary Vandana Yadav said West Bengal is one of the leading states in the country to recognise the importance of logistics and warehousing sectors. Though the warehousing sector “has not been given an industry status yet” in the state, it is getting all related benefits.

“West Bengal has a unique locational advantage which cannot be taken away in terms of connectivity. The government does not interfere and has not put the warehousing and logistics sectors under any regulation,” she said. UP has already accorded industry status to the warehousing sector. Yadav, also managing director of West Bengal Industrial Development Corporation, said that the other big driver behind the growth of the warehousing sector is the improvement in infrastructure catering to logistics in the state.

“Logistics cost is an important aspect of determining the viability of any business. Benefits of volume and efficiency should also accrue to small players and not only the big ones,” she added.

The small players need to be connected to the e-commerce platforms for which good logistics infrastructure is required, she said. Another official of WBIDC said it is expected that the space utilisation in warehouses to go up in West Bengal. He said the state is targeting investments of Rs 12,000 crore in the logistics and warehousing segments, adding that the government has identified 500 acres of land for logistics development in the state.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1The worst is over, says JSW Steel
2PM Modi sticks to energy targets despite demand slump
3Pvt dairies in Maharashtra cut milk procurement prices for farmers