Singapore: DHL Logistics has identified two locations to set up a Free Trade Zone (FTZ) in North India next year with an investment of up to Euro 15 million, chief executive officer Samar Nath said here today.
"We have identified two locations and it will depend on customers' feedback on the FTZ site for the North Indian region," Nath said.
He expects an investment of between Euro 5 million and Euro 15 million in the FTZ.
DHL Logistics Pvt Ltd had set up the first FTZ in Chennai five years ago and the second one in?Mumbai.
The North Indian FTZ will be designed to handle the time- and temperature-sensitive products from life-sciences and pharmaceutical industries, hardware of oil & gas and aviation sectors as well as luxury products among others.
Nath said Chennai and Mumbai FTZs were also being expanded in response to the Indian market demand for logistics management.
He also cited strong demand from India's small and medium industries which will drive demand for logistics management.
24/06/15 PTI
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"We have identified two locations and it will depend on customers' feedback on the FTZ site for the North Indian region," Nath said.
He expects an investment of between Euro 5 million and Euro 15 million in the FTZ.
DHL Logistics Pvt Ltd had set up the first FTZ in Chennai five years ago and the second one in?Mumbai.
The North Indian FTZ will be designed to handle the time- and temperature-sensitive products from life-sciences and pharmaceutical industries, hardware of oil & gas and aviation sectors as well as luxury products among others.
Nath said Chennai and Mumbai FTZs were also being expanded in response to the Indian market demand for logistics management.
He also cited strong demand from India's small and medium industries which will drive demand for logistics management.
24/06/15 PTI
