Learn about the companies from the Handling and storage plant and equipment Sector in India
The Indian storage industry, today, is in a modern form. It is expected to grow and provide opportunities to industry players in the next few years. In the next 5 years, the industry is set to grow at CARG of 8 per cent to 10 per cent and the modern storage at 25 per cent to 30 per cent. There are a plenty of reasons for the growth like the global demand, growth in the organised retail, increased manufacturing activities, international trade and exports and more. Today, we see a different approach to the business and industry. New international players have entered in the industries of India. All these have made difference to the storage and handling sector. Today, there is a need for handling all types of products and transporting them to various regions and faraway places. That is why, highly sophisticated equipment is used, and the intervention of technology has made things better. The automated material handling equipment and standards are introduced which has intensified the service in this sector.
Storage and handling equipment has a high demand for various kinds of storages such as liquid, agricultural, fresh fish, cold stores, chemicals, pharmaceuticals and more. India is fast realising the importance of storage plant and handling equipment in various industries. Every industry needs a storage plant and some also need handling equipment. The government is also providing boost to the sector through various schemes.
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