Tag: India

FedEx Express to expand in India

Posted by | Oct 20, 2005 | |

FedEx Express will expand operations in India, increasing its number of flights and destinations, a senior company official said.

“We will add five flights to and from (New) Delhi taking the total to 16,” Robert W. Elliot, the company’s president for Europe, Middle East & Africa, was quoted as saying by Dow Jones Newswires. “With these incremental flights we will be able to carry (an) additional 900 tons of cargo to and from India.”

FedEx will also add 184 full time employees, taking the total head count in India to 425, he said.

The company will increase its retail presence from 11 cities to 54 cities, Elliot said.

“Enhanced transit times, additional capacity and the ability to clear customs on location will facilitate faster and easier trade with powerful trading blocs like Europe, and help Indian businesses take advantage of the new trade opportunities in Eastern Europe,” Elliot said.

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Blue Dart Express posts 75.72 percent profit increase

Posted by | Oct 19, 2005 | |

Air express, courier and logistics company Blue Dart Express Ltd has posted a 75.72 per cent increase in its net profit for the second quarter ended September 30, 2005 at Rs 17.66 crore as compared to Rs 10.05 crore in the corre sponding quarter previous fiscal.

Income from operations during the reporting quarter ended increased to Rs 137.09 crore over Rs 115.87 crore in Q2 of FY-05, the company said in a release.

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Deutsche Post expands in India with DHL

Posted by | Oct 14, 2005 | |

With bags of optimism and a lot of money, German postal company Deutsche Post is getting into the world’s fasting growing logistics market with its subsidiary DHL.

A key region in their Asian expansion strategy is India, which, like its neighbour China, has high levels of growth. Deutsche Post chairman Klaus Zumwinkel, recently opening a logistics HQ in Bombay, announced increased involvement in India and the whole Asia-Pacific area. Around 250 million dollars is invested there every year.

The Bonn-based company, which already has half of its turnover abroad, is set to become the clear world market leader in logistics (air and sea freight and contract logistics) with the agreed takeover of the British firm Exel. Zumwinkel said the takeover is due to be completed by December. He sees Asia as the engine of growth to cement this leading position.

“Asia is the world’s strongest growth market for us,” he notes.

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DHL Danzas Lemuir further enhances network infrastructure with new corporate office in Mumbai, India

Posted by | Oct 13, 2005 | |

DHL Danzas Air & Ocean announced today the opening of its new DHL Danzas Lemuir headquarters in Mumbai, India. The new enlarged headquarters is a testament to the strategic importance that DHL places on India, touted as the next growth engine of the world. DHL Danzas Lemuir employs over 300 staff and has 17 offices and warehouse facilities in major cities in India, with three more offices scheduled to open in 2006. DHL has been building its logistics presence and strengthening its leadership position in India for almost 40 years, when the company commenced working with Lemuir. Over the last three years, it has invested USD250 million in the country, including setting up DHL Danzas Lemuir, a joint venture company with the Lemuir Group since 2003. “India has experienced phenomenal growth rates in recent years and the prospects for the next few years look just as magnificent” said Dr Klaus Zumwinkel, Chairman, DPWN at the opening of the new logistics headquarters.

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DHL Express to set up 10 new centres in India

Posted by | Sep 23, 2005 | |

DHL Express (India) Pvt Ltd is investing USD10 million to set up 10 new centres during 2005 and 2006. It has a share of 60 percent in the domestic express shipments market. The company intends to maintain its annual growth rate of 25 percent.

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