DHL opens bonded warehouse cum-airfreight office in BIAL

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Bangalore, May 6(UNI) DHL,the world's leading express and Logistics Company, today opened its fully functional bonded warehouse-cum-airfreight office in the new air-cargo terminal at the Bengaluru International Airport at Devanahalli, about 40 km from here.

DHL, which has registered a revenue of Euro 6.6 billion in 2007, was the first company to get the permission to have direct access to cargo within a bonded area at an airport.

DHL Global Forwarding Head of Air Freight Tony Widmer, who inaugurated the facility, said that " South India is an important region for DHL Global Forwarding given the flow of cargo and the growth that we have experienced over the last few years." Mr Tony said that the company which had 17 per cent market share, including Nine per cent in exports and eight per cent in imports, in India was expected to grow at 20 per cent in the coming years.

He said that the new facility would lead to speedier clearance of cargo, better inventory management and greater tracebility of cargo sent through DHL.

He said that DHL currently had a 24 per cent market share of the total import and export volumes from Bengaluru. "We expect to grow over a 20 per cent in the next year." DHL, which has presence in 41 countries and territories, has handled 2.1 million tons in 2007 including 724000 tons express shipments.

UNI MSP RM RKN1406

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