Friday, June 30, 2017

DHL Express opens expanded Delhi Gateway at IGI Airport

Mumbai: Part of the German logistics company Deutsche Post DHL, DHL Express has opened its expanded Delhi Gateway that will double the capacity of export clearances from India for the express logistics company and handle an additional 60% of imports.

Located at the Indira Gandhi International Airport, the new facility will take DHL Express' handling of shipment to 10 MTPA, and is expected to give a boost to trade in addition to enabling speedy clearances of shipments going from north and east India to global markets.

“India is one of the fastest growing economies in the world, and is a very critical part of the DHL Express network. We have, over the years, seen strong and sustained volume growth in the international trade between India and the rest of the world. To support this high growth, Deutsche Post DHL Group has earmarked €250 million (US$268 million) toward future investments in India by 2020. The new Delhi Gateway is part of that commitment to this country," Ken Lee, CEO, DHL Express Asia Pacific, said.

“Currently the logistics costs to India’s GDP is 14% as opposed to other developed countries in the world, which spend approximately 5%-7%. India can save up to $50 billion even if costs are brought down to 9%. We see a huge potential in express logistics with the current wave of online shopping," said Rajiv Pratap Rudy, union minister of state for skill development and entrepreneurship (independent charge).
29/06/17 Vatsala Gaur/Economic Times