DHL Express and Blue Dart opens new air terminal in India
New USD 25m investment to increase and strengthen DHL Express network in Sourthern India.
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Indian Post offices to broaden retail portfolio with stamp papers
Indian Department of Posts enters into stamp paper deal with state government in an attempt to diversify its business.
Read MoreBlue Dart sales up by 27%
Blue Dart Express Limited declares financial results for quarter ended September.
Read MoreFedEx plans trade mission to India
FedEx Corp. is collaborating with the Commerce Department’s U.S. Commercial Service on a trade mission to India in November 2008 for U.S.-based businesses interested in expanding into the Indian marketplace. FedEx is the first private-sector company to lead a trade mission to India in conjunction with the Commercial Service.
With visits scheduled to New Delhi, Hyderabad and Mumbai from Nov. 9-14, 2008, the trade mission will enable U.S. businesses to better understand trade opportunities across key economic hubs in the country. In addition, it will help Indian companies looking to pursue new buying opportunities with American businesses.
The companies participating in the trade mission represent small and medium-sized businesses and sectors in manufacturing, transportation equipment, engineering, business services, consulting, architecture, information technologies, pharmaceutical, consumer goods, and more.
Read MoreAir India scraps cargo plans even as others press ahead news
In a surprise move ensured to delay its air cargo plans for quite a while, Indian flag carrier Air India has decided to exit the cargo space and lease out its freighters. This, even though, cargo is a big revenue earner.
According to reports, Air India is seeking to lease two of its Airbus 310s, which were converted to freighters. The carrier is also converting six Boeing 737-200s into freighters, each with a payload capacity of 12 to 15 tonnes, which will bring its freighter fleet strength to eight.
Freight operations would have commenced under the banner of Air India Cargo (AIC).
Air India Cargo had entered into a leasing agreement for a Boeing 737 with India Post, as well as with domestic logistics major, Gati. India Post intends to lease three more freighters by the end of the year and use them for speed post services to 15 major cities.
Gati plans to charter five or more aircraft from AIC over the next five years.
Reports suggest that AIC could also lease out its freighters to postal services of some East European countries and the US Mail.
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