GST triggers consolidation in warehousing industry

A wave of consolidation is sweeping over the Rs 50,000-crore warehousing industry, thanks to the goods and services tax ( GST ). The rollout of the tax reform measure could reduce total number of warehouses in the country by at least 40% in the coming months, top industry executives said. For instance, phone maker Lava , which stocked inventory in 28-30 warehouses earlier, has brought down the num…