Thursday, March 3, 2011

DHL to set up more FTW zones in India

DHL Global Forwarding, the freight forwarding division of DHL, plans to invest around 90 crore ($20 million) over the next two years on setting up more free trade warehousing zones in India. DHL is scouting for large multiuser facilities along the trunk routes. Mumbai, Chennai, Bengaluru and Delhi are slated to be among the first cities to have these large warehouses. 

As of now, the company has selected Mumbai and Delhi to set up the new FTWZ. The Mumbai facility, expected to come up near JNPT, is likely to attract an investment of 45 crore ($10 million) and be operational by December 2011. The Delhi FTWZ will be located close to the Haryana-Punjab border. It will entail a similar investment and is expected to commence operations by 2012. 

In May 2010, DHL had announced the setting up its first free trade warehousing zone at Sriperumbudur in Tamil Nadu, which is expected to be operational in January 2011. The FTWZ, spread across 1.50 lakh sq. ft, will cater to multiple industries including automobile, engineering and manufacturing. This FTWZ will have a dedicated life science hub to service transit cargo as well as inbound and outbound domestic needs. It is expected to be operational by mid-2011.

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