DHL to invest $10m in warehousing in India
DHL International will invest $10m in India over the year to set up temperature controlled warehousing facilities for life science products, reports Live Mint. The article continues:
The Germany-based firm, which currently has 2.5m square foot of warehousing space in India, will also consolidate this business in anticipation of a centrally administered goods and services tax (GST) expected to come into force 1 April.
Frank Appel, chief executive officer and chairman of Deutsche Post DHL which owns DHL, said the company will spend a total of $15m in setting up temperature controlled warehouses for life science products in Mumbai, Hyderabad and Singapore.
“India and Singapore are key manufacturing locations for ethical and generic pharmaceuticals that are distributed across the world. Increasingly, they will also be key markets for consumption,” Appel said in Mumbai on 6 October.
“We have warehouses at 141 locations. We are aiming at shrinking warehouses by at least 20% with GST coming,” Paul Harry Graham, chief executive officer (Asia Pacific) of DHL Exel Supply Chain, told Mint. However, the firm will increase its overall warehousing space by building larger facilities, he said.
