INDIA: Gati eyes double turnover

Indian logistics fi rm Gati said it was looking to double its turnover from India to Rs1,000 crore by 2009, on the back of expanding courier business and services like fax, printing and internet browsing offered through retail outlets, the Economic Times reported. The company launched ‘Cafe d’eliver’, its third retail outlet in the country, […]


Indian logistics fi rm Gati said it was looking to double its turnover from India to Rs1,000 crore by 2009, on the back of expanding courier business and services like fax, printing and internet browsing offered through retail outlets, the Economic Times reported. The company launched ‘Cafe d’eliver’, its third retail outlet in the country, through which it plans to generate a revenue of Rs250 crore in the next two years.

The outlet, in addition to offering courier services, provides document photocopying, printing and internet services. Gati said it will also acquire a freighter to strengthen domestic operations. The company has a sizeable market share among the organised players in the sector. Gati also has presence in China and Singapore.