DHL to open two Free Trade Zones in North India
These new zones will facilitate the handling of time and temperature-sensitive goods, and will cater to industries such as pharmaceuticals and life-sciences. DHL plans to invest up to 15 million euros in the project.
After having opened Free Trade Zones (FTZs) in Chennai and Mumbai five years ago, DHL Logistics is planning to open two more in the northern region of the country.
Samar Nath, CEO, DHL Global Forwording India said that an investment ranging from five million euros to 15 million euros is expected. Elaborating further, he said, “We have identified two locations and it will depend on customers' feedback on the FTZ site for the North Indian region.”
The North India FTZs will facilitate the handling of time- and temperature-sensitive goods, and will cater to industries like pharmaceutical and life-sciences, oil and gas, aviation and luxury.
Nath also mentioned that the Mumbai FTZ is also being expanded in response to the demand for logistics management in the country. Drawing attention to the Ford Motors’ announcement, wherein, the company plans to ship its cars from the Indian plant to US, Nath is optimistic about growth. “We are trying to connect transportation and exports from SMEs through various destinations of loading, unloading and storage to shipments at ports," Nath concluded.
CEO DHL Global Forwording India