DHL opens bonded warehouse-cum-airfreight office in BIAL

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 Bangalore International Airport at Devanahalli, about 40 km from here.

DHL, which had registered a revenue of Euro 6.6 billion in 2007, was the first company to get 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 '' 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.'' He said the company which had 17 per cent market share, including nine per cent in exports, in India, was expected to grow at 20 per cent in the coming years.

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

He said DHL currently had a 24 per cent market share of the total import and export volumes from Bangalore. ''We expect to grow over 20 per cent in the next year.'' UNI MSP RM GD ADB1445