DHL remains committed to India investments
Opening its first integrated domestic and international express facility in the country, DHL said it will continue its investments in India despite the slowdown, adding that India will likely be among the first to recover.
December 1, 2008
By Donald Urquhart
“Unfortunately India has not been spared from the global slowdown, and will India be among the first few countries to bounce back? Yes, I believe India will bounce back very fast, because of domestic demand of 2.5 million people with purchasing power and the inherent fundamentals in the economy are pretty strong,” said Malcolm Monteiro, DHL senior VP and area director of South Asia.
Monteiro was speaking at the opening of the DHL-Blue Dart airside facility at the Bengaluru International Airport (BIAL), the first of its kind in India. The US$25 million facility is unique because of its fully integrated domestic and international express operations.
The new facility will help “synergise the domestic and international express operations of both businesses in South India,” according to DHL-Blue Dart. DHL has an 81 per cent stake in Blue Dart.
The 220,757 sq feet facility will provide faster clearance and seamless handling of inbound and outbound international and domestic shipments, which will strengthen both companies’ global and domestic delivery network.