TNT India eyes two more areas
TNT India Ltd, a 100 percent subsidiary of TPG of the Netherlands, has identified two focus areas: the life sciences segment under its express division and logistics. The company plans to formally enter the Indian logistics marker, estimated at Rs300-400 crore, by the end of Mar 2003. It expects this market to scale up rapidly following the introduction of a new VAT regime and emerging trends in outsourcing. It expects its logistics business to overtake its express business in the next five years.
In the life sciences segment, the company has launched a proprietary bio-medical shipment service under the brand name, Medpak. Medpak is designed to carry a wide range of clinical trial and other biomedical samples at various temperature conditions. TNT has trained 30 personnel across 26 locations in the handling of life science products. The Medpak service will be targeted at the estimated 1,000 contact research organisations and pharmaceutical and biotechnology entities across India.
