DHL To Invest Rs 800 Crore In India To Tap e-commerce Sector
Advertisement
Advertisement
According to
"This region is expected to soon surpass North America and Europe as the biggest online market in the world. As the leading logistics company with an unsurpassed global footprint, there is a huge opportunity for us to become the world's leading provider of e-commerce logistics and we have a ready solutions infrastructure in India to pilot our solutions," said Appel.
As per the company's global online retailing report, e-commerce share of over all trade volume of emerging markets will surge to 30% by 2025. Notably, the share in developed countries will rise upto 40%.
In a bid to become the leading player of e-commerce services, the German logistics giant is investing through its domestic subsidiary
Advertisement
DHL will set up 15 fulfillment centre across locations, including Delhi, Bangalore and Mumbai as well as in tier-2 cities as part of this plan, said Appel.
Blue Dart Express managing director Anil Khanna said e-commerce portals like Flipkart, Amazon among others have shown interest in the proposed fulfillment centres.
(Image: Wikipedia)
Advertisement
- 10 Ultimate road trip routes in India for 2024
- Global stocks rally even as Sensex, Nifty fall sharply on Friday
- In second consecutive week of decline, forex kitty drops $2.28 bn to $640.33 bn
- SBI Life Q4 profit rises 4% to ₹811 crore
- IMD predicts severe heatwave conditions over East, South Peninsular India for next five days
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market