In a bid to strengthen its services for e-commerce in the Indian market, DHL eCommerce – which provides standard domestic and international parcel pick-up, delivery and return solutions for business customers as well as e-commerce logistics and facilitation services – is reportedly investing Euros 70 million as part of its plans to expand its reach across Asia Pacific (APAC) region.
Elaborating on the move, Charles Brewer, CEO of the company averred, “The US and Asia Pacific are the two largest markets for online commerce and the opening of these new facilities is a further step in the development of DHL’s online logistics network, India is truly an important market for us and one of the fastest growing.B2C online trading is expected to increase from Euros 9.6 billion in 2016 to Euros 30-40 billion by the year 2020.”
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E-commerce market in India is growing at a CAGR of 30-35 per cent from 2014 to 2020. Keeping this in mind, the company is investing in this area through its people, services, technology, innovative solutions, and thereby outspreading its coverage in the country. It aims to capitalize on the increasing consumption by the middle class as well as increased mobile and internet penetration and the development of logistics and infrastructure in India.
“Identifying the tremendous potential in Asia Pacific, we are making aggressive steps to ensure that our customers are well supported to tap into the growing e-commerce market,” added Malcolm Monteiro, CEO, Asia Pacific, DHL eCommerce.
