Indian logistics to grow at CAGR of 12.17 per cent by 2020
GES reinforces presence in India with opening of branch in New Delhi
Globe Express Services, recently opened its first office in New Delhi, the capital of India and second in the country after Mumbai. The move, which proves to be timely and strategic, falls in line with GES' strategic plans and comes as a result of the company’s worldwide success-- fully complementing industry forecasts that India’s logistics market will grow at a compound annual growth rate (CAGR) of 12.17 per cent by 2020 as a result of the boom in the manufacturing, retail, fast-moving consumer goods and e-commerce sectors.
The opening of new branches is part of GES’s expansion strategy into new territories as a multinational organization to cater to the growing demand for logistics worldwide. The New Delhi office will contribute in the company’s development synergies in resources and strengths to multiply the value of expansion.
Mustapha Kawam, President and CEO – Globe Express Services, said: “GES is already operating in India through its office in Mumbai and the New Delhi branch will help integrate the country seamlessly into our international network. We are upbeat that it will drive in growth of the company while addressing the demand for specialised logistics service providers in the North India.”
“We are excited to open our first office in New Delhi to better serve our growing customer base in India’s booming economy with tremendous potential in logistics sector. We are extremely positive that our new branch will help us drive towards further growth and consolidate our business in the country,” concluded Fulvio Moletti, Managing Director – Asia Pacific, Globe Express Services.
GES’s new office is located in Nehru Place, a bustling commercial, financial and business hub in the heart of New Delhi. The company has established 55 corporate offices in 20 countries since the beginning of its operation in 1974.