Press Esc to close
Friday 27 May 2016
News updated at 9:58 AM IST
Weather
Max: 33.2°C
Min : 22.2°C
In Bengaluru
Partially cloudy

India domestic biz, e-commerce driving growth, says FedEx

Bangalore, April 5, 2013, DHNS:

The global economic slowdown has resulted in lower exports from India, and consequently, slower growth for logistics companies, compelling them to look inwards at India’s domestic business, especially SMEs, to drive growth apart from the fast-growing e-commerce segment.

The Managing Director-Marketing for Middle East, Indian subcontinent and Africa at FedEx Express, Rakesh Shalia, said, “Slowdown has impacted us on the international side. While business from exports has been growing at about 8 to 10 per cent compared to 15 per cent earlier, the domestic business for logistics industry is higher at about 15 to 20 per cent. We are seeing a strong growth here.”

He was speaking after announcing a tie-up with Bangalore-based printing and publishing company Printo through “Ship Site” programme. The arrangement will cater to the needs of small and medium enterprises (SMEs) by giving them access to FedEx Express’ services at Printo’s 12 locations in Bangalore.  

FedEx Express is a subsidiary of $43 billion express transportation company FedEx Corp.
Shaila ruled out any acquisition in India in the near future; FedEx Corp had acquired AFL Private Limited and its affiliate Unifreight India Pvt Ltd in February 2011. He also said that its current fleet of about 1,000 motorized vehicles is sufficient to take care of its road freight business.

A recent KPMG report has estimated roads to be significant part of Indian logistics, accounting for 60 per cent of the total freight movement in India, while rail freight movement is estimated to be 31 per cent. 


Go to Top

Photo Gallery
Rishi Nair of Florida bites his metal after winning the 2016 National Geographic Bee...

Rishi Nair of Florida bites his metal after winning the 2016 National Geographic Bee...

Vehicles moving on a road during a dust storm in Bikaner...

Vehicles moving on a road during a dust storm in Bikaner...

Buddhist monks protest at Jantar Mantar in New Delhi on Thursday against killing of Tsering Tempa...

Buddhist monks protest at Jantar Mantar in New Delhi on Thursday against killing of Tsering Tempa...

College girls dressed in traditional attire perform cultural show during anniversary of NDA govt...

College girls dressed in traditional attire perform cultural show during anniversary of NDA govt...

Models walk on a ramp during fashion show of students of National institute of fashion technology...

Models walk on a ramp during fashion show of students of National institute of fashion technology...

President Pranab Mukherjee garlanding the bust of Tagore at Peking University...

President Pranab Mukherjee garlanding the bust of Tagore at Peking University...

Women of a tribal community take part in pitcher race during a tribal festival in Birbhum district..

Women of a tribal community take part in pitcher race during a tribal festival in Birbhum district..

The stray nilgai calf that was running frenzied near the Parliament House being rescued...

The stray nilgai calf that was running frenzied near the Parliament House being rescued...

A baby monkey continue to suckle as its mother try to quench its thirst from a drinking water tap...

A baby monkey continue to suckle as its mother try to quench its thirst from a drinking water tap...

World leaders at the start of the second working session of the G-7 summit meetings in Shima...

World leaders at the start of the second working session of the G-7 summit meetings in Shima...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523