India has a great trade potential, given its strategic geographical location, enterprising businessmen, availability of land, labour and the technology know-how. However, its potential has not been harnessed to the fullest.
Markets are an expression of manufacturing prowess of a country. The traditional bazaars of India like Kalbadevi in Mumbai, Burra Bazar in Kolkata and Sowcarpet in Chennai, have not been able to respond to the changing needs of businesses due to infrastructural inadequacies. The infrastructure has become inadequate and they lack storage facilities, parking space, inadequate safety apparatus, hygiene and sanitation and lack of expansion opportunities. With the impetus coming from the Government to “Make in India”, there is a huge opportunity for India to develop its trading hubs. Wholesale Trading Zones across the country can be the first point of engagement for businesses across the world for goods manufactured in India.
The report focuses on the current form and functions of wholesale trade and thereafter explores whether the option of a 'trade park' works for all stakeholders. It covers Industrial infrastructure, City infrastructure and Whole Sale Trade Parks of Chennai.