INDIA Post will focus on high growth areas like the parcels business and express mail services between India and the Gulf states and plans to shortly introduce its new money transfer service in the UAE, according to Mr B.N. Som, Director-General of India Post.
Read MoreDHL-Sinotrans Ltd, a unit of DHL World wide Express, a leading international express delivery company, launches two new products recently.
Industry analysts predict the move will sharpen the already cutthroat competition in China’s delivery services market.
They said the two products, Jumbo Box and Jumbo Junior, are 40 to 50 percent cheaper than similar services provided by Chinese deliverers and those in the European and US markets.
Singapore has been chosen as the automotive logistics hub for TNT Logistics for Asia. According to Mr Joroen de Wilde, regional director for Asia, the company will hook up with a Singapore-based partner to offer infrastructure but declined to disclose the partner. He added that Singapore had the right location and infrastructure to become TNT Logistics’ hub for Asia.
Read MoreBlue 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.
Read MoreJapan will allow private companies to begin mail services in 2003 under a plan endorsed by Japanese Prime Minister Junichiro Koizumi. To get the licenses of mail services, private companies have to fulfill tough conditions set by the Japanese government.
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