DHL Supply Chain to invest 500 million Euros (US$ 503.04 million) in India over next 5 years
DHL Supply Chain, a provider of contract logistics services, is expected to invest 500 million Euros (US$ 503.04 million) in India over the next five years to increase its workforce, warehousing capacity, and sustainability initiatives.
The expansion will add 12 million square feet of warehouse space to its current portfolio, bringing its total capacity to nearly 22 million square feet by 2026.
Additionally, multi-client sites are being developed in tier-2 cities like Baddi, Cochin, Coimbatore, Guwahati, Sanand, Indore, Lucknow, Bhubaneshwar, Hosur, and Visakhapatnam, among other rapidly expanding state capitals.
The company has also announced plans to convert its whole intra-city fleet to green transportation by 2025, and to quadruple its employment in India to 25,000 workers by 2026.
According to DHL Supply Chain, the SmarTransport division will leverage its warehouse investments to leverage economies of scale with end-to-end service offerings in order to further accelerate transport growth.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.