India’s warehousing sector will attract ₹430 billion in investments and generate 200,000 jobs in the next three years, driven by goods and services tax (GST) implementation and growth of e-commerce, according to a report by property consultant JLL India.

Warehousing stock may rise to 247 million sq ft by 2020 from 140 million sq ft in 2017, the firm estimated.

The warehousing space has attracted ₹25,000 crore as investment through private equity (PE) since 2014. While it made up about 10 per cent of total PE investment in 2017, the share is likely to grow claiming a larger share of investment, a news agency report quoted JLL India CEO and country head Ramesh Nair as saying.

The prime beneficiaries of the new wave of growth in warehousing will be the peripheral locations of tier 1 and tier 2 cities, the report said.

The cold storage and agricultural warehousing would see about ₹75 billion investment and container storage would attract around ₹5 billion in the same period.