Back in the day, decades ago not only within the metropolitan cities but also in the city’s outskirts used to be old rundown constructions known as “godowns”. These godowns were usually used as a place for storing inventory for an extended period. In current times warehouses have developed with advanced state of the art facilities like real-time tracking mechanisms which have been achieved by the click of a single button such as Quick Response (QR) Code, Automatic Identification and Data Capture (AIDC) technology, Real-Time Locating Systems and Radio-Frequency Identification (RFID) along with highly sophisticated stockrooms. These have been achieved with the help of advanced and evolving technology which has been used to meet these ever-changing requirements.
In India, across twenty states, there are more than 2,000 warehouses as of April 2021, registered with Warehousing Development and Regulatory Authority (WDRA) who is responsible for the development and regulation of warehouses, negotiability of warehouse receipts and promoting orderly growth of the warehousing business in the country.
As part of overall e-Governance initiatives, the State Government of Rajasthan commits to enhancing transparency in its functioning and in 2011 they decided to implement e-Procurement for public procurement to be used by all government organizations in the State including Public Sector undertakings (PSUs). To achieve this aim, as a part of the Mission Mode Project under the National e-Governance Plan (NeGP) of the Ministry of Commerce, Government of India, they implemented the Government e-Procurement solution developed by National Informatics Centre (GePNIC). Apart from state government procurement agencies, the government has encouraged e-Mandi, as its main objective would be to ensure that the farmers get the right price and the end-user or client gets the goods or commodities.
The Covid-19 outbreak in 2020 had an impact on most industries and sectors across countries and economies which took a hit, including the logistics sector due to reduced manufacturing and agricultural activities. But there has been a revival in the growth story of India and room for more growth in the coming future as slowly economies and business have been opening up with ease in restrictions.