DHL Supply Chain, the company’s contract logistics arm, said Tuesday it plans to invest 100 million euros ($130.5 million) in infrastructure in India.
The investment includes the construction of 5 million square feet of warehousing space in Mumbai, Gurgaon, Delhi, Bengaluru, Nagpur, Chennai, Kolkata and Ahmedabad, as well as upgrades to the company’s transportation fleet in the country.
"With government investments in infrastructure on the rise, coupled with streamlining of regulatory policies, we are enthusiastic about the fast-paced growth in the logistics market,” said Paul Graham, chief executive officer for Asia Pacific at DHL Supply Chain.
DHL said India’s logistics market was valued at $82.1 billion in 2010, with an estimated 9 percent growth in 2011. - Eric Johnson