Blue Dart expects to keep its 40% share in Indian domestic market

Blue Dart Express Ltd (BDEL), which services over 11,000 destinations in India, hopes to keep its 40 percent share in the Indian market at the end of 2001-2002, despite the current slump in the economy. It hopes to make up for the shortfall in the information technology (IT) sector with cargo from the pharmaceutical, consumer durables, banking and the financial services sectors. BDEL has hub warehouses at 14 places across the country and bonded warehouses at the Kolkata, Chennai, Delhi, Mumbai and Bangalore airports. BDEL also has tie-ups with the Federal Express and has a fleet of 3 Boeing-737s. The domestic sector contributes about 80 percent to the company’s total revenues, while international cargo traffic accounts for the remaining 20 percent. BDEL has agreements with 18 airlines.