JLL India ventures into Port, Airport and Global Infrastructure (PAGI)
November 22, 2019: JLL Industrial Services Research announced that it is venturing into the field of Port, Airport, Global Infrastructure (PAGI) in a new report published on Thursday in Delhi during the CILT India Expo 2019.
Building up enhanced hinterland infrastructure and specialized storage space spread over the country is the way to optimized use of roads.
November 22, 2019: JLL Industrial Services Research announced that it is venturing into the field of Port, Airport, Global Infrastructure (PAGI) in a new report published on Thursday in Delhi during the CILT India Expo 2019.
The global real estate services firm wants to bring insider’s knowledge of the trends in challenges and opportunities surrounding seaport and airport developments in India.
“To bring an insider’s knowledge of the trends, challenges and opportunities surrounding today’s seaport and airport developments; to deliver laser-focused services to maritime and aviation-related occupiers; to provide a marketing platform which offers global connectivity to large scale client projects,” the report reads.
The report named “India: Evolution of Integrated Logistics – Aiming Transformation Through PAGI”, noted that warehouse has become one of the most attractive real estate asset segments for domestic and foreign investors which witnessed around 38 million square feet of absorption in 2019. Logistics sector of India use the strong road network for 60 percent of its transportation need. Building up enhanced hinterland infrastructure and specialized storage space spread over the country are the way to optimized use of roads.
If you are looking for a comprehensive view on the evolution of the #logistics sector in India, look no further.
— JLL India (@JLLIndia) November 21, 2019
Download JLL’s latest report on the Indian logistics sector titled ‘ India: Evolution of the Integrated Logistics.https://t.co/Q7twOTEzWj#JLLIndiaKnowledgePartner pic.twitter.com/blGsBxTt6C
Yogesh Shevade, head – Industrial Services, JLL India says, “India’s intermediate logistics framework is not a new phenomenon. Over last 10 years, India’s road, rail, port, airport and inland waterway added a new dimension in growth story comprehensively for the government-sponsored Bhartmala, Sagarmala initiatives, Jal Marg Vikas Project, Railway station re-development etc. creating huge platform for future expansion of logistics infrastructure. Through the National Logistics Policy, the Central Government is focusing on the development of a fully integrated logistics network with modern technology and automation.”
“For exploring this sectoral opportunity, JLL Industrial Services is launching Port, Airport and Global Infrastructure (PAGI) Practice. Aligned with its global experience, the practice in India will aim at multi-dimensional service opportunity for our global and domestic clients.” Shevade added.
The report highlights the challenge of creating efficient last-mile connectivity, availability of land to develop financially sustainable logistics infrastructure, capacity building for human resource, and investment-friendly policy framework for attracting private capital and seamless compliance process for the sector. And it explores solutions for the integration of this complex dynamics of the sector for expanding seamless connectivity to manufacturing centres to consumption destination.
"Central Government’s focus is on developing a comprehensive plan to invest for major infrastructures ports, airports and rail among others with an estimated investment outlay of about Rs100 lakh crore by the next five years. The initiatives besides creating a platform for the hinterland infrastructure and other components of logistics are gaining immense momentum for the investors," says the report.
