UPS opens integrated facility in Hyd
UPS’ state-of-the-art facility in Hyderabad aims to facilitate international trade for Indian business as the Indian economic growth of around seven-and-a-half per cent puts India at the top of the fastest growing G20 economies.
UPS has inaugurated a facility at Hyderabad to support local business and SMEs (small and medium enterprises) looking to expand trade with the global marketplace. Located at Begumpet, the facility is easily accessible for walk-in retail customers. UPS will provide integrated services for small package, supply chain solutions and contract logistics for faster and more efficient access to international markets.
The new facility is part of the continuous investment into UPS’s global integrated network which moves 3 per cent of the world gross domestic product (GDP) across 220 countries and territories daily. SMEs are a vital engine for economic growth and contributors to India’s GDP. Micro, Small and Medium Enterprises (MSMEs) contribute around 6 per cent of the manufacturing GDP, 25 per cent of the GDP from services, and 33 per cent of India's manufacturing output. Logistics play an increasingly key role for business seeking competitive advantages and trading across borders. With over a century of experience, UPS continues to invest in capacity and technologies to build the Smart Logistics Network of the future. Hyderabad is the latest part of this constantly evolving network.
“UPS considers global trade a great opportunity for economic growth and we help Indian business of all sizes, especially SMEs, take advantage of the global marketplace,” said Jean-Francois Condamine, President for Indian subcontinent, Middle East and Africa (ISMEA), UPS.
“The economic growth of around seven-and-a-half per cent puts India at the top of the fastest growing G20 economies. Hyderabad is fast becoming a ground for implementation of the ‘Make in India’ initiative. With the Indian economy on a growth trajectory, Indian SMEs are breaking boundaries to reach their growth potential. This investment shows UPS’s commitment as a growth partner for the country and its business helping to drive the economy,” Condamine said.
Rachid Fergati, Managing Director Indian subcontinent, UPS added, “Hyderabad is a key market for industries such as healthcare, information technology and manufacturing among others. Business in these sectors need logistics partners to create supply chain efficiencies and that is one of UPS’s key focus areas in India. The consolidation of the three key services of small package, supply chain solutions and logistics, backed by UPS’s advanced technology, will help reduce costs, improve efficiency and increase competitiveness for businesses in Hyderabad.” UPS connects major Indian cities such as Mumbai, Delhi, Chennai, Bangalore, Hyderabad, Kolkata, Pune, Chandigarh, Ludhiana as well as emerging export locations Jamnagar, Kanpur, Indore, Karur, Moradabad, Tirupur, Coimbatore, Baroda and Bhadohi to international marketplaces.