DHL enhances trade in SAARC Region

Mumbai, Oct 7 (UNI) DHL, the world's leading express and logistics company, has expanded its business within the South Asian Association for Regional Co-operation (SAARC) region by bolstering transportation and trade between the member nations.

DHL is the first logistics player to foray into this key SAARC segment and plans to service the estimated 120 million Express market share in the region.

In a release here today, DHL Express senior vice president and area director (South Asia) Malcolm Monteiro said '' As a trade facilitator and a leader in the logistics business, we believe in the business potential within the SAARC region. With increasing logistics spends, it is only prudent that trade lanes be further developed.'' ''India, with an annual trade growth rate of nearly 22 per cent in SAARC region, exceeds the world growth rate which grew 18.6 per cent during FY01-FY05. This underscores India's potential to be a significant player in the region,'' he added.

DHL through Blue Dart has also started a new surface line service called 'Road Express', offering exclusive trade lane between India Bangladesh. This service was used for transportation of broadcasting equipment during the Cricket Tri Series.

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