TNT India, the mail, express, and logistics service provider headquartered in Bangalore, has introduced specialised services for the life sciences segment. The service, which is called “medpak.” is a faster, more convenient and reliable solution for moving biomedical samples under various temperature conditions. The new service offers shipment of infected and non-infected medical sample under preferred temperature conditions.
Read MoreThe Indian government will introduce a bill on regulating courier service firms during the forthcoming Parliament session, minister of state for communications and IT, Su Thirunavukkarasar, said here on Saturday. “At present, the government does not have any control on courier service companies. It even doesn’t know how many firms are working and how much and on what basis are they are charging. First, the government wants to regulate these firms. And at the same time, it is looking for some revenue from these firms,” he said.
Read MoreDHL Worldwide has reported a 30 percent growth in its Indian business during the first quarter (Q1) to 31 Mar 2003. The company had targeted a growth rate of 25 percent.
Read MoreDHL Worldwide Express, a unit of Deutsche Post World Net, plans to invest millions in India for new infrastructure, customer service centers, and warehouses. “We are looking at India very, very positively,” said Country Manager Chris Callen in Mumbai. “India represents one of the four key markets for us – the others are China, Japan and Australia.” Callen didn’t give specific investment figures, but said these would be in “many millions of euros.”
Read MoreTNT 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.
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