TNT India aims to outpace GDP growth
Hardly any of the international express integrators can claim that 2009 was good and 2010 would be better. The Indian arm of TNT, however, has gone one better, declaring 2009 a good year with expectations of growth at two to three times the countryÃ¢â‚¬™s GDP growth. Manfred Singh has the story.
May 1, 2010
By PLA Editor
Mitra went on to say that TNTÃ¢â‚¬™s international freight business grew by 50 per cent overall and 60 per cent in the India-Europe lane in 2009. According to him, Ã¢â‚¬Å“the market for the international freight business segment grew just over 5 per cent in the same periodÃ¢â‚¬Â proving to all that TNT India was Ã¢â‚¬Å“the preferred partner and was able to expand unlike other players. We are and also seeing tremendous demand from Tier II andIII cities for our services.Ã¢â‚¬Â
The credit for the stellar performance in 2009, according to Mitra, was Ã¢â‚¬Å“partly to do with the game plan that we had. We had one integrated organization doing both international and domestic services. We engaged with our customers more sharply in our business because we always took care of both the requirements rather than one company doing international, another company doing domestic. From a domestic market perspective, the economic downturn did not threaten us.Ã¢â‚¬Â