JOC Staff | Oct 17, 2012 8:16AM EDT
DHL plans to spend about $130 million over the next four to five years to expand its logistics infrastructure in India.
The company will open eight multi-client centers, adding an estimated 5 million square feet of warehouse space, and upgrade its transportation fleet. The locations identified for multi-client facilities are Mumbai, Gurgaon, Delhi, Bangalore, Nagpur, Chennai, Kolkata and Ahmedabad.
“In 2010, the Indian logistics market was at $82.1 billion, with a projected growth of 9 percent in 2011. 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, DHL Supply Chain’s CEO for Asia.
DHL said the new expansion program is expected to create about 5,000 jobs, doubling its employee headcount in India to 10,000 by 2015.
The company currently operates nearly 100 warehousing facilities across 50 locations in the country with about 4 million square feet of space.
“Looking to 2015 and beyond, India, China and other emerging markets are expected to be the key drivers of growth,” Paul Graham said.