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Logistics | November 15, 2013
#40109

Logistics firms to invest Rs 500 cr in rural India

To deliver packages to the millions of online shoppers in rural India, logistics sector is likely to invest at least Rs 500 crore in the next five years by setting up small outlets in the vast rural landscape.    Gati and Blue Dart Express are aggressively penetrating deeper into India to tap the potential lying with more internet savvy and well-off consumers. Investment will be in the form of technology, office space, people, fleet, warehouses and new processes.    Revenues for logistics companies from e-tailing alone are estimated to grow 70 times to $2.6 billion by 2020, according to KPMG.

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